Tue, Sep 1, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

MKP Capital Management announces principal appointments and sale of passive, minority interest

Tuesday, January 08, 2013
Opalesque Industry Update: MKP Capital Management, L.L.C., a diversified alternative asset manager, today announced the promotions of Jason Bonanca, Head of Strategy and Research, Henry Lee, Chief Risk Officer, and Richard Lightburn, Senior Portfolio Manager, from Partners to Managing Members. All three new Members have been long-term contributors to MKP’s management team. The formal elevation of Messrs. Bonanca, Lee and Lightburn is a part of MKP’s long-term strategy to build and secure the next generation of leadership that will enhance the Firm’s foundation and future growth.

“MKP’s long-term approach includes a formal process to cultivate, mentor and elevate the next generation of leaders,” said Patrick McMahon, MKP’s Founder and CEO. “This process has resulted in the development of a stronger leadership team at MKP. Jason, Henry and Richard’s appointments reinforce our efforts to build a world class investment management firm.”

The three new Managing Members join existing Members: Mr. McMahon, Anthony Lembke, Co-Chief Investment Officer, and Thomas DeVita, Chief Operating Officer and Chief Financial Officer.

MKP also announced the sale of a passive, non-voting, minority stake in the Firm to Dyal Capital Partners, a permanent capital vehicle affiliated with Neuberger Berman Group LLC. This new relationship, coupled with the elevation of new Members, allows MKP to broaden employee ownership and long-term leadership, as well as develop stronger relationships with Dyal’s institutional clients.

“Partnering with MKP aligns Dyal with what we view as one of today’s preeminent hedge fund managers,” Michael Rees, Senior Portfolio Manager for Dyal Capital Partners, said. “We believe that MKP has become best-in-class because of their highly experienced management team, their 17-year track record and the diversity of their product platform. We look forward to a long-termrelationship of continued success.”

As part of thetransaction, the after-tax proceeds have been reinvested in MKP’s three commingled strategies.

Dyal Capital Partners has no control on the investment process or day-to-day operations at MKP.

The terms of the transaction were not disclosed. MKP was advised by Schulte Roth & Zabel LLP. Dyal was advised by Fried, Frank, Harris, Shriver & Jacobson LLP.

Press Release

BM

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Investing - Hedge funds suddenly find real money is back in Argentina's debt, Elon Musk buys more SolarCity stock following hedge fund manager short, BlackRock plans to get into rental-home financing[more]

    Hedge funds suddenly find real money is back in Argentina's debt From Bloomberg.com: The real money is back in Argentina. Before the country’s default in July 2014 (its second in 13 years), most long-term investors abandoned its bond market. As they rushed out, Argentina became a favorit

  2. Activist News - Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping, Meet Europe's best activist investor[more]

    Carl Icahn has snapped up a huge stake in Freeport-McMoRan, and the stock is ripping From Businessinsider.com: Carl Icahn has picked his next target: Freeport-McMoRan. Icahn and a group of other investors have snapped up an 8.46% stake in mining company Freeport-McMoRan, according to a j

  3. North America - Hedge fund manager Ray Dalio’s challenge to the Fed[more]

    From Newyorker.com: For some reason, Janet Yellen, the chair of the Federal Reserve, decided to skip this year’s annual Fed conference in Jackson Hole, where monetary policymakers from the United States and abroad get together with some prominent academics to discuss the big issues of the moment. Th

  4. Opalesque Exclusive: Credit-focused hedge fund Numen Capital expects more volatility in Europe in coming months[more]

    Benedicte Gravrand, Opalesque Geneva: A London-based hedge fund, which has just hired two emerging managers, is cautious on Europe. Vassilis Paschopoulos and former Lehman’s colleague Nikos Kargadouris, launched a London-based credit-focused hedge fund called

  5. Performance - Hedge funds bruised by stocks’ meltdown, Capstone’s volatility hedge fund is having a monster month thanks to market mayhem[more]

    Hedge funds bruised by stocks’ meltdown From WSJ.com: Hedge-fund managers like to promise their investors protection from market swings. In the recent stock swoon, many were caught off guard. Billionaire managers such as Leon Cooperman, Raymond Dalio and Daniel Loeb are deeply in the red

 

banner