Key Takeaways
- • Bennett Goodman and Avi Kalichstein launched Hunter Point Capital LP (HPC), a New York-based independent firm seeking minority stakes in middle-market alternative asset managers, as announced via Business Wire.
- • Goodman serves as Executive Chairman and Kalichstein as Chief Executive Officer; Goodman co-founded GSO Capital Partners, now part of The Blackstone Group and managing over $125 billion.
- • HPC formed a strategic partnership with a group of global investment entities associated with Jacob Rothschild.
- • HPC targets private equity, credit, real estate and infrastructure managers in North America, Europe and Asia, offering strategic advice, LP capital formation and enterprise-enhancing services.
- • Michael Arpey, formerly Global Head of Investor Relations at The Carlyle Group, joins as President, having overseen fundraising of $200 billion of LP capital.
Summary
Bennett Goodman and Avi Kalichstein have announced the formation of Hunter Point Capital LP ("HPC"), an independent investment firm headquartered in New York that seeks minority stakes in middle-market alternative asset managers, according to a Business Wire release dated October 30, 2020. As part of the launch, HPC has formed a strategic partnership with a group of leading global investment entities associated with Jacob Rothschild.
HPC aims to accelerate the growth of leading alternative asset managers by providing value-added capabilities, including strategic advice, LP capital formation and other enterprise-enhancing services. The firm is targeting managers in private equity, credit, real estate and infrastructure across North America, Europe and Asia. Kalichstein said the firm seeks managers with proven track records and described an expanding universe of high-performing investment management firms that could benefit from proprietary capabilities typically available only to the largest global platforms.
Goodman will serve as Executive Chairman and Kalichstein as Chief Executive Officer. Goodman has over 35 years of industry experience and co-founded GSO Capital Partners, which today manages over $125 billion as the credit arm of The Blackstone Group. Kalichstein has nearly 25 years of global investment experience, most recently as a Managing Principal at Easterly Partners Group, and previously was a Managing Director at J.C. Flowers & Co. after beginning his career at Goldman Sachs.
Michael Arpey joins as President after serving as Global Head of Investor Relations and a Management Committee member at The Carlyle Group, where his team led fundraising of $200 billion of limited partner capital across private market strategies. Other senior executives include Rex Chung, Head of Capital Formation, formerly of KKR & Co. Inc., where he was involved in raising over $20 billion in LP capital; Debra Bricker, Chief Financial Officer, formerly of Harvest Partners; and Mariska Richards, General Counsel, who will join in January 2021 from a global law firm where she is a corporate partner in its private equity practice.
HPC aims to accelerate the growth of leading alternative asset managers by providing value-added capabilities, including strategic advice, LP capital formation and other enterprise-enhancing services. The firm is targeting managers in private equity, credit, real estate and infrastructure across North America, Europe and Asia. Kalichstein said the firm seeks managers with proven track records and described an expanding universe of high-performing investment management firms that could benefit from proprietary capabilities typically available only to the largest global platforms.
Goodman will serve as Executive Chairman and Kalichstein as Chief Executive Officer. Goodman has over 35 years of industry experience and co-founded GSO Capital Partners, which today manages over $125 billion as the credit arm of The Blackstone Group. Kalichstein has nearly 25 years of global investment experience, most recently as a Managing Principal at Easterly Partners Group, and previously was a Managing Director at J.C. Flowers & Co. after beginning his career at Goldman Sachs.
Michael Arpey joins as President after serving as Global Head of Investor Relations and a Management Committee member at The Carlyle Group, where his team led fundraising of $200 billion of limited partner capital across private market strategies. Other senior executives include Rex Chung, Head of Capital Formation, formerly of KKR & Co. Inc., where he was involved in raising over $20 billion in LP capital; Debra Bricker, Chief Financial Officer, formerly of Harvest Partners; and Mariska Richards, General Counsel, who will join in January 2021 from a global law firm where she is a corporate partner in its private equity practice.
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