Private Markets Playbook – 2021

Adam has been in Financial Services for over 12 years, starting with an insurance Broker/dealer, and moving to his own RIA, started with his partner, Ron.

He is also the co-founder of Interaxis, a company dedicated to educating financial professionals about Digital Assets, Cryptocurrency, Blockchain, and other alternative assets. The YouTube channel they created has over 4,500 subscribers, and they created a course and Certification to teach Financial Advisors how to make Crypto and Digital Assets part of their practice.

Steve Kurz is Partner and Head of Asset Management at Galaxy Digital. A member of Galaxy’s founding team, he launched and oversees its industry-leading asset management business.

Before joining the firm, he was a Co-Founder of Outer Realm VR, an enterprise focused immersive software company. Previously, he was a Principal and Head of Business Development at River Birch Capital, where he was responsible for raising over $1 billion in assets. Prior to that, he was a Vice President at Fortress Investment Group. He started his career in the Fixed Income Division of Lehman Brothers.

Steve serves on the New York Advisory Board of a music charity called Little Kids Rock, is a Board Observer for a life sciences company called MicroCures, Inc., and is an active member of NextGen Venture Partners.

He holds a B.A. in Economics from Cornell University.

Tyrone Ross is the CEO and Co-founder of Onramp Invest and Founder of 401stc, a storytelling consultancy. He is a graduate of Seton Hall University, and was also a 2004 Olympic Trials qualifier in track and field in the 400 meters. He was recognized by Investment News 40 under 40 (2019), andWealthManagement.com as a top ten advisor set to change the industry in 2019. FinancialPlanning.comnamed him as one of 20 people who will change wealth management in 2020. He was recently named as Investopedia’s Top 100 financial advisors, and Think Advisor’s 2021 IA25: VIP’s Pushing Advisors Forward.

Dr. Keith Black has over thirty years of financial market experience, serving as an academic as well as a trader and consultant to institutional investors. Keith has advised foundations, endowments, and pension funds on their asset allocation and manager selection strategies in hedge funds, commodities, and managed futures.

He has experience in commodities derivatives trading, stock options research and CBOE floor trading, and building quantitative stock selection models for mutual funds and hedge funds. Dr. Black previously served as an assistant professor and senior lecturer at the Illinois Institute of Technology. Dr. Black contributes to The CFA Digest, has published in The Journal of Wealth Management, The Journal of Trading, The Journal of Investing, and The Journal of Alternatives Investments, among others. He is the author of “Managing a Hedge Fund,” as well as co-author of CAIA Level I and Level II curricula.

As Chief Investment Officer, Frank is a valuable resource for wealth advisors to utilize when looking for guidance in sourcing or allocating to new private investment strategies or hedge funds. Frank is a thought leader in strategy implementation and he has extensive experience in the portfolio construction process for both individual client portfolios and custom fund of funds.

Frank has 20+ years of asset management, portfolio construction & financial advisory experience. He is a former senior member of the portfolio management team at Hatteras Funds, managing several of the firm’s alternative investment fund of funds and co-investment strategies. Earlier in his career, he helped source managers and build alternative investment portfolios at various multi-family offices including Abbot Downing (formerly Calibre Investment Consulting) and GenSpring Family Offices. Frank holds the CFA and CAIA charters and earned an MBA from the Fuqua School at Duke University and a B.S. from Villanova University.

Mr. Krochuk is an owner and member of the Management Board of Shepherd Kaplan Krochuk. He is co-Head of Alternative Investments for the Firm’s Asset Management Division, with over 25 years of experience in investment research and management. He is also Chief Executive Officer and director of Trellis Software, Inc., which is developing software systems for financial service firms and investors. He was previously the youngest diversified portfolio manager in the history of Fidelity Investments. During his tenure, he used advanced quantitative techniques to study a variety of industries. He was responsible for the development, programming and implementation of investment models used in managing over $20 billion in public mutual funds—some of the first to use artificial intelligence in the investment process. He is an experienced programmer and systems administrator, having started his first technology company at the age of 13. Mr. Krochuk holds the Chartered Financial Analyst designation, and serves on the board of, or in an advisory capacity to, a number of private and public companies in the United States and Canada, including Windgap Medical Inc. and Etiometry Inc. He is a member of the Young Presidents’ Organization (YPO). Mr. Krochuk holds an AB in Economics from Harvard College.

With many important people behind Brendan’s original vision, Brendan architected PPB’s alternative investment platform by creating a streamlined, turnkey approach for wealth advisors to access the private markets.

Prior to PPB, Brendan co-founded Pacer Financial LLC, a start-up that focused on developing alternative investment products for the US private wealth market. Before Pacer, Brendan played an integral role in the launching of Hartford Leaders in conjunction with The Hartford Financial Services Group, Capital Group/American Funds, Massachusetts Financial Services, and Franklin Templeton.

Brendan started his career with PLANCO, a national investment product marketing firm where he served as a regional marketing director. Brendan earned a Master’s degree from the Fels Institute, University of Pennsylvania after graduating with a Bachelor’s degree from Temple University.

Bob is the founder and Managing Partner of Tangent, as well as our consulting affiliate Rice Partners. His unique perspectives stem from an unusual combination of careers: Wall Street financial products law partner; Justice Department trial attorney; technology entrepreneur; public company CEO (of the successor to his startup); investment advisor; and venture investor.

He is also a Senior Advisor to Neuberger Berman and Wilshire Funds Management, and serves on the boards of Nasdaq Private Markets and the Investment Advisor to the Value Line Funds. He is the best-selling author of the Alternative Answer and Three Moves Ahead, a Contributing Editor to Investment News, and appears frequently across the business media. He holds Series 7, 24, and 63 securities licenses.

Ian Schnoor is the Executive Director of the Financial Modeling Institute (FMI). In this role, he works closely with the FMI team on the creation and execution of the FMI’s strategy.

Ian is also a Principal and Founder of The Marquee Group, a leading provider of financial modeling training to professionals in the financial community. Ian has built The Marquee Group into a leading provider of financial modeling training, consulting and accreditation.

Over the years, Ian has taught thousands of business professionals and university students in Canada, the United States, the United Kingdom, Australia, Malaysia, Pakistan and Mexico. Ian is passionate about teaching and brings a hands-on, interactive approach to every course.

Ian teaches at Queen’s University and is a past recipient of the “Professor of the Year” award in the Master of Finance program at the Smith School of Business.

Prior to establishing The Marquee Group, Ian spent a number of years in the Investment Banking departments at Citigroup and BMO Capital Markets. Ian completed a Bachelor of Commerce Honours degree with academic distinction and has also attained the CFA designation.

Lauren began her career in traditional asset management at Strong Capital and Wells Fargo before joining venture-backed financial technology company, AltoIRA, to lead their advisor business. As Senior Vice President of Intermediary Sales at Alto, Lauren is responsible for the strategy and execution of Alto’s new, integrated advisor custodial solution. Over the course of the last 2 decades, Lauren’s focus has been on new business development, tactical planning and establishing deep client relationship sacross multiple channels: Wirehouse, Independent/Regional Broker Dealer, TAMP, RIA and Custodian. Through a consultative process and with an emphasis on increased platform distribution, Lauren has represented retail and institutional investment vehicles from global portfolio management teams. Lauren received her undergraduate degree from Marquette University and holds her Series 7, 63, and 65 licenses as well as the CFS designation.

Ben is the Managing Director of Greenbacker Development Opportunities Fund, leading the origination and execution of Greenbacker’s development capital and private equity investments. He brings deep experience across the renewable energy industry, having held positions in both development (Delaware River Solar, Safari Energy) and private equity (Hudson Clean Energy, GE EFS). Ben began his career in power and utilities investment banking and holds both a BA and MBA from Columbia University.

Kevin brings over 20 years of experience as a Senior Commodities Portfolio Manager. Kevin is responsible for expanding USCF’s product line and overseeing the company’s investment policies and portfolio management team. Prior to joining USCF, he was Senior Portfolio Manager of Alternatives and Commodities for Invesco PowerShares. Kevin was part of the OppenheimerFunds team responsible for launching the first commodities mutual fund and subsequently incorporated the first off-shore Cayman subsidiary for a commodities fund. Kevin also served as Senior Portfolio Manager, Head of Commodities and earned the Barron’s/Value Line “Top 100 Managers” designation three times. Kevin is a CFA Charterholder and CAIA Charterholder. He earned a Bachelor of Business Administration degree in Finance, from Texas Tech University.

Chase Bolding is a Senior Director for Invesco Real Estate. His primary responsibilities entail acting as Chief Investment Officer and Portfolio Manager for one of Invesco’s publicly registered non-traded REITs. Mr. Bolding’s secondary responsibilities include sourcing and structuring value-add and opportunistic investments throughout the US. His investment capabilities include equity and equity joint ventures, debt and hybrid structures.

Prior to joining Invesco in 2010, Mr. Bolding worked for Greenfield Partners, a real estate private equity fund headquartered in Connecticut.

Mr. Bolding earned a BA degree in economics from The University of Texas at Austin. He is a Chartered Financial Analyst® (CFA) charterholder.

Jay Frank is the President of Cantor Fitzgerald Capital and Chief Operating Officer of Cantor Fitzgerald Investment Management. Cantor Fitzgerald is a global financial services and real estate investment management firm. Jay is involved in overseeing the day-to-day operations of the business, providing direction and implementing strategic initiatives. In addition, Jay leads distribution efforts, sits on the investment committee and plays an active role in product construction, marketing, and the overall direction of the business. Jay has spent the last 15 years focused exclusively on the commercial real estate and alternative investment industries.

Throughout his career, Jay has been involved in the creation, structuring, launch, capital formation, management and monetization of dozens of real estate strategies with over $30 billion in aggregate value. He has worked closely with wealth management, accounting, tax and legal firms on the education, due diligence and implementation of sophisticated real estate and cash management solutions including Real Estate Investment Trusts, Business Development Companies, 1031 Tax Deferred Exchanges and Qualified Opportunity Funds.

Mr. Frank earned a B.A. in Business Economics with an emphasis in Accounting from the University of California, Santa Barbara. He holds FINRA Series 7, 24, and 63 licenses and is an Investment Banking Representative.

Prior to his current role as Co-President of FactRight, Jacob Heidkamp served as a manager at FR Risk Management and FactRight where he worked with broker-dealers and registered investment advisors on due diligence reviews and research of alternative investment programs. Mr. Heidkamp’s alternative investment experience includes initial due diligence and ongoing coverage of real estate investment trusts, business development companies, interval funds, 1031 exchange programs, and private placements. Prior to working in alternative investments, he worked in structured finance valuation relating to collateralized debt obligations and financial institution mergers in St. Paul, Minnesota. Mr. Heidkamp has a bachelor’s degree in history from the University of Minnesota and a juris doctor and MBA from the University of St. Thomas. He is licensed to practice law in the state of Minnesota.

Mr. Hudgins joined Hines in 2017 as a member of its Proprietary Research Group. Prior to joining Hines, he worked for EII Capital Management, Inc. where he chaired its Global Investment Committee and integrated economic, real estate, and capital markets data to guide country and sector allocation as well as to support EII’s team of analysts in their underwriting of publicly-traded portfolios. Prior to that, Michael worked at JP Morgan Asset Management in both the Global Real Assets and Equities groups, providing clients with strategic and tactical investment insights spanning public and private real estate equity.

In the real estate industry since 1993, Michael’s various roles over that career have touched on multiple aspects of the real estate life cycle, ranging from construction to investment management. Other previous experience includes a research analyst position covering the office REIT sector at Stifel Nicolaus, research strategist at Property & Portfolio Research, and Vice President in Strategic Planning at Bovis Lend Lease, a global construction company.

He is a frequent speaker at industry and client events and has authored multiple white papers and articles for various industry publications, including the PREA Quarterly.

Ryan is USCF’s National Sales Director. In this capacity, Ryan is responsible for educating financial intermediaries on all USCF products, presenting USCF research and product development. Prior to joining USCF, Ryan was an Account Executive with Meridian-IQ where he worked with hundreds of financial services firms, including USCF, to help maximize their distribution efforts with the use of data and technology. Ryan is a graduate of Florida State University with degrees in Finance and Real Estate. Ryan is also a 2020 candidate in the Duke Fuqua Global executive MBA program. He holds NFA series 3 and 30 registrations as well as FINRA Series 7 and 63 and is a Chartered Alternative Investment Analyst charterholder.

Evan joined the Company in 2007 with one year of industry experience. Prior to joining, Evan served as an analyst at the Townsend Group. Evan has a BS in Finance from Miami University; CFA Charterholder.

David Vincent has over 20 years of experience in Finance. Prior to Cadre, he served as a Senior Alternative Investment Specialist at UBS Asset Management. David was responsible for sales, marketing and investor relations for one of the largest Alternative Investment platforms globally. He worked closely with financial advisors, RIAs, Family Offices and institutional investors. Prior to UBS, David was the Chief Investment Officer of a boutique Multi-Family office based in NYC. Prior to that, David was the Vice President of Alternative Product Sales at Alger where he built and launched the sales and marketing platform for their hedge fund and liquid alternative funds. His previous experience also includes his management role as Associate Consultant/Financial Analyst at Dahab Associates and previously, working as a Financial Analyst for Morgan Stanley. David graduated from the University of Pittsburgh with a B.S.B.A. in Business General Management. He is a CFA charterholder, a CAIA designee and a member of both the CFA Institute and New York Society of Security Analysts.

Andy joined the Company in 2017 with 9 years of industry experience. Prior to joining, Andy served as Head of US Research & Analytics at Henderson Global Investors. Previously, he was an Investment Strategist at Robert W. Baird and an Institutional Client Associate at The Vanguard Group. Andy began his career in Acquisitions and Development at First Industrial Realty Trust. He has a BBA in Law and Public Policy and MBA in Finance from Gonzaga University; Series 7, 63 and 65 Licenses.

Alec Ellison, recently joined OurCrowd as Chairman of the firm’s U.S. business after leaving Jefferies where he was a Vice Chairman for the past 5+ years. Mr. Ellison spent nearly 30 years in investment banking covering technology companies – first at Morgan Stanley, then Broadview International, and then with Jefferies, after Jefferies acquired Broadview in 2003, he was President of Broadview at the time. At Jefferies, he held various positions in addition to leading the Tech group including Co-head of Investment Banking and serving 7 years on the firm-wide Executive Committee. Mr. Ellison received his B.A. from Yale (summa cum laude) and MBA from Harvard (high distinction).

Aaron provides vision, leadership, and strategic direction for CAIA Association’s content agenda and member education programs. He chairs CAIA Association’s global editorial board and sits on the organization’s content and exams leadership team.

As a practitioner, Aaron served as portfolio manager and oversaw manager research and portfolio construction efforts for high net worth individuals and institutional retirement plans. As an academic, his work has been published by Oxford University Press and The Journal of Investing, and covers topics such as ESG/sustainable investing, liquid alternatives, commodities, and asset pricing/factor investing. He is a frequent writer and speaker on these topics.

Aaron earned a B.S. with distinction in Finance and a Master of Finance from Penn State University. His holds the Chartered Alternative Investment Analyst (CAIA), Chartered Financial Analyst (CFA), Certificate in Investment Performance Measurement (CIPM), Financial Data Professional (FDP) designations, as well as the CFA Institute’s Certificate in ESG Investing. He is a Past President of CFA Society Columbus and serves on the CFA Society Philadelphia Programs Committee. Aaron is an adjunct professor and serves on multiple advisory boards for Penn State University.

Christian has 21 years of experience in financial services and investment management, with the last 16 years focused on secondary investments involving venture-backed and growth equity-oriented companies and funds. During this time, he has also served on the boards of many of these companies and funds.

Prior to Liberty Street Advisors, Christian was CIO of SPIM overseeing all investment related functions. Christian still serves as one of the portfolio managers of the PrivateShares Fund, formerly the SharesPost 100 Fund, and a member of the investment committee.

Prior to joining the PrivateShares Fund investment management team and Liberty Street Advisors, Inc., Christian was Co-Head of the Global Private Equity Secondaries Practice at HQ Capital based in New York, a $10+ billion alternative investment firm headquartered in Germany. Prior to that, he served as Head of Secondaries at Thomas Weisel Partners. Christian started his career as an investment banker at Banc of America Securities.

In aggregate, Christian has helped raise more than $1 billion globally from institutional investors, corporations, pensions, endowments and family offices, and has completed or overseen the completion of more than 100 secondary transactions representing over $1 billion in capital commitments.

Christian received his BA from Rutgers College.

As Alpha’s Co-founding Partner, Brian builds and works with our vast early stage venture network to source and evaluate investment opportunities. Brian also advises Pritzker Group Venture Capital on deal origination and relationships.

Prior to Alpha Partners, Brian was the founder and CEO of Preclick, (sold toSmilebox), where he developed photo software licensed worldwide by HP, 3M, Sandisk, Walmart, Costco, CVS, and Walgreens. Prior to Preclick, Mr. Smiga was CEO at 3Path, an early Dropbox, an Intel and Goldman-Sachs backed startup, and the SVP of Marketing at 1ClickCharge, where his product launch resulted in a sale of the company to CMGi.

Since first working with Mr. Brotman at 1ClickCharge, Mr. Smiga advised Brotman-backed portfolio companies: Altruik, Headliner, Knovel, and Mobile Commons. In the 1990s, Mr. Smiga began his career as a developer at Booz & Co, and in Silicon Valley was the founder of Portfolio Software and Actioneer, where he co-authored six collaboration software patents and licensed top-rated software to Apple, IBM, Lotus, Microsoft, AOL, 3Com, Acco, and others. Brian received a BA in Liberal Arts from Swarthmore College, and a Masters of Philosophy in Literature from Trinity College, University of Dublin, Ireland. Brian is the founder of
TEDx Asbury Park, the top-ranked TEDx conference on the US east coast.

Jonathan Bock is Chief Financial Officer of Barings BDC, Inc. and a Managing Director in Barings Global Private Finance Group. Prior to joining Barings in July 2018, Mr. Bock was a Managing Director and Senior Equity Analyst at Wells Fargo Securities specializing in Business Development Companies (BDCs). He has actively followed the BDC space since 2006 and was the chief author of a leading BDC quarterly research publication: the BDC Scorecard. His research is often cited by The Wall Street Journal, Barron’s, and other prominent financial publications. Prior to Wells Fargo, Jonathan followed the specialty finance space at Stifel Nicolaus & Company and A.G. Edwards Inc. Prior to entering sell-side research in 2006, Jonathan was an equity portfolio manager/analyst at Busey Wealth Management in Champaign, Illinois. Jonathan holds a BS in finance from the University of Illinois College of Business and is a member of the CFA Institute.

Matt DuPree has over 25 years of experience managing UNHW client investments and financial matters. Before joining A3 Financial Investments, he was CFO of Southern Sky Capital, a long-short equity hedge fund. Prior to that, he helped to develop and implement a novel portfolio for the venture arm of a single-family office. He has been President of Hilltop Investment Advisors since 2011, and has previously managed client wealth at BNY Mellon and Wealth Management Consultants in Denver. DuPree holds a B.A in Economics from Colorado College and an M.A. in Accounting from the University of Virginia. He is a CPA licensed in the state of Colorado and is a CFA charterholder.

Mr. Peck is a Managing Director, Portfolio Manager and Co-Head of Monroe Capital’s Opportunistic Private Credit investment vehicles. He is also Portfolio Manager for Monroe’s retail and high net worth investment funds including serving as the Chief Financial Officer and Chief Investment Officer of Monroe Capital Corporation’s publicly held business development company (NASDAQ:MRCC). He joined the firm in 2012 and is a member of Monroe’s Investment Committee. Mr. Peck has over 25 years of experience in credit, lending, high yield, distressed credit and public company operations and investor relations. Prior to Monroe, Mr. Peck was Chief Investment Officer at Deerfield Capital Management and was responsible for the investment teams at Deerfield including syndicated and middle market loan teams which managed over $5 billion in assets. Mr. Peck was also chief portfolio manager for Deerfield’s publicly-traded specialty finance mortgage REIT and in that capacity, was the key point of contact for all institutional and retail investors, investment banking research analysts, lenders and investment bankers. Prior to Deerfield, he worked in leveraged credit at several investment firms including AEG Investors, Black Diamond Capital, Salomon Smith Barney, and ESL Investments. Mr. Peck earned his M.B.A. with Honors from The University of Chicago Graduate School of Business and his B.S. in Commerce from The University of Virginia, McIntire School of Commerce.

David Scherer co-founded Origin Investments in 2007, a top decile fund manager with multifaceted expertise of acquiring, owning, and operating institutional-class multifamily real estate across the country. With Dave’s leadership, Origin has executed more than $2.5 billion in real estate transactions. David is co-CEO, co-chairs the investment committee and oversees acquisitions and asset management. He has more than 25 years of experience in real estate investing, finance and asset management.

Jonathan Bock is Chief Financial Officer of Barings BDC, Inc. and a Managing Director in Barings Global Private Finance Group. Prior to joining Barings in July 2018, Mr. Bock was a Managing Director and Senior Equity Analyst at Wells Fargo Securities specializing in Business Development Companies (BDCs). He has actively followed the BDC space since 2006 and was the chief author of a leading BDC quarterly research publication: the BDC Scorecard. His research is often cited by The Wall Street Journal, Barron’s, and other prominent financial publications. Prior to Wells Fargo, Jonathan followed the specialty finance space at Stifel Nicolaus & Company and A.G. Edwards Inc. Prior to entering sell-side research in 2006, Jonathan was an equity portfolio manager/analyst at Busey Wealth Management in Champaign, Illinois. Jonathan holds a BS in finance from the University of Illinois College of Business and is a member of the CFA Institute.

Tom Bratkovich has nearly 20 years of experience in the private markets as a general partner, limited partner, and advisor. He is currently Senior Vice President at Wilshire, focused on new product launch, capital formation, and business development. In prior roles, Mr. Bratkovich has served as a strategic advisor to numerous lower mid-market GPs in the areas of capital formation, new fund launch, partnerships/JVs, sourcing, and business growth. He was an advisor to the PE/RE programs of institutional investors such as CalPERS, New York Common, and CalSTRS, and prior worked as a venture capitalist for many years. Early in his career, he worked as an aerospace engineer developing advanced rocket engines and planetary landers. He holds an MBA from Harvard Business School with Distinction, and Aerospace Engineering degrees from MIT and UCLA.

Chadd Evans is the CEO and Managing Director of Altera Investments. Prior to starting Altera, Chadd was Principal of Field Equity, a boutique private equity investment firm focused on the lower-middle market, where he was responsible for executing over $1 billion in transactions. Prior to Field Equity, Chadd was the Senior Vice President of Investments for Ackermann & Co., a commercial real estate investment firm located in the Southeast. Chadd is also a CAIA and CFA Charterholder.

Chadd graduated from the Terry College of Business at The University of Georgia with a BBA in Finance. Chadd has two great children, Wyatt and Daphney, and they live near Chastain Park in Atlanta. You can find them playing soccer at the park and swimming. In addition to spending time with his family, Chadd enjoys playing golf, staying in shape and traveling.

Jeremy Held is currently responsible for Bow River Capital’s registered asset management business including investment oversight, research and product development. Prior to joining Bow River Capital, Jeremy was the Director of Research and Chief Investment Officer at ALPS Advisors, a Denver-based asset manager that specializes in registered fund vehicles focused on real assets and alternative investments. Mr. Held began his career at ALPS in 1996 and helped lead a variety of business initiatives over two decades, including the launch of the firm’s asset management business in 2007. Mr. Held has a strong track record launching innovative investment products, including the world’s first master limited partnership (MLP) exchange-traded fund (ETF), as well as the first listed private equity mutual fund.

Mr. Held was ultimately responsible for all aspects of the ALPS Advisors business, overseeing 44 registered investment companies and more than $20 billion in assets. He has significant investment oversight experience, advising several registered fund boards and serving as President of Red Rocks Capital, a wholly owned subsidiary of ALPS focused on listed private equity investments. Mr. Held is the Chair of the Fund’s Investment Committee.

Maura Reilly Kennedy is a Managing Director of Neuberger Berman and a senior member of the private equity investment team. Ms. Kennedy focuses on designing and implementing both customized private equity solutions and registered private equity solutions for clients. Additionally, she leads the development, implementation and investment management of ESG and impact investing strategies within private equity. Prior to joining Neuberger Berman in 2008, she worked at Landmark Partners, focusing on secondary private equity transactions. Ms. Kennedy serves on limited partner advisory boards and is a member of Neuberger Berman’s ESG Advisory Committee. She is a member of the Board of Directors of the National Associate of Investment Companies, the largest network of diverse-owned private equity firms and hedge funds. Ms. Kennedy received an MBA from Harvard Business School and a BA in Economics from Hobart and William Smith Colleges.

Kurt Phares is a member of the Financial Institutions Group at Macquarie Asset Management. He services wealth-focused registered investment advisors (RIAs), retirement and defined contribution focused advisors, bank trusts, and family offices in the southwest part of the United States. Phares leverages the firm’s considerable investment depth and expertise for his clients, including value-added services to help clients grow their businesses. Previously, he was affiliated with Macquarie Allegiance, where he worked with senior management and manager research analysts at national and regional platform sponsors. Phares has more than 30 years of experience in financial services. He was one of the founding owners of Allegiance Capital, a taxable fixed income investment management firm that he helped grow to $5 billion. Phares earned his bachelor’s degree and MBA from the University of Nebraska.

Matt’s background has encompassed a broad array of financial products and markets. Most recently Matt was the Head of the US Credit Solutions group at Mitsubishi Securities.

Previously, he spent a considerable portion of his career at Deutsche Bank where he was a Managing Director responsible for the Global Portfolio Management of the interest rate, foreign exchange, and credit risk of the structured products business.

Matt graduated from Loyola University, Maryland with a BBA and has earned the Chartered Financial Analyst certification.

Mike Trihy joined Bow River Capital as a Vice President and Portfolio Manager and is currently responsible for portfolio construction and investment research for the Fund. Prior to joining Bow River Capital, Mr. Trihy was a Portfolio Manager at Partners Group, a Swiss-based global private markets manager with approximately $90 billion in assets under management (AUM). He was responsible for managing all of the Americas region’s separate account mandates and registered funds, including the world’s largest private equity-focused evergreen tender offer fund at $5 billion+ in net asset value. During his time as Portfolio Manager, the registered products under his mandate delivered consistent total returns with low levels of volatility, while maintaining appropriate liquidity and a high level of portfolio diversification. He has constructed portfolios across multiple asset classes, including private equity, real assets, private credit, and liquid investments (equity and credit). Before his time at Partners Group, Mr. Held and Mr. Trihy worked together for six years when Mr. Trihy served as a Client Portfolio Manager at Red Rocks Capital, a Denver-based asset manager focused on listed private equity investments. He was responsible for investment research and portfolio management of the firm’s equity index products, with over $500 million in ETF tracking assets at the time. Mr. Trihy is a Portfolio Manager and voting member of the Fund’s Investment Committee.