Sun, Aug 20, 2017
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. Opalesque Exclusive: Albright Capital puts a value lens on emerging markets[more]

    Bailey McCann, Opalesque New York: Over the past decade, investors have steadily increased investments in emerging markets private funds. Allocations to the cohort have increased from $93 billion in December 2006 to $564 billion in September 2016, according to data from research firm Preqin. Howe

  2. Comment: "Long-Term Investing": What managing drawdown risk can do to your long-term returns[more]

    Matthias Knab, Opalesque: Real Investment Advice writes on Harvest Exchange: Last week, I was having lunch with a prospective portfolio management client discussing the curre

  3. Jasper Capital International joins Hedge Fund Standards Board[more]

    Komfie Manalo, Opalesque Asia: Diversified and systematic investment firm Jasper Capital International has become the second China-based signatory to the Hedge Fund Standards Board (HFSB), an organization that brings hedge fund managers and investors together to set standards for the hedge fund i

  4. Investing - Hedge-fund honchos including David Tepper are loading up on Alibaba, Billionaire hedge fund manager Stanley Druckenmiller is betting big on the Chinese consumer, Big-name U.S. hedge funds shed healthcare stocks during the rally in second-quarter, U.S. hedge funds bearish on FAANG stocks in second-quarter, Hedge fund titan Viking Global made a $680 million bet on scandal-plagued Wells Fargo[more]

    Hedge-fund honchos including David Tepper are loading up on Alibaba From CNBC.com: David Tepper's Appaloosa Management and three other he ge funds took new stakes in Chinese e-commerce giant Alibaba in the second quarter, according to the latest quarterly filings. Appaloosa disclos

  5. FinTech - Danger: Crowdfunding on the wrong platform could force you to go public[more]

    From LinkedIn.com: Some equity crowdfunding platforms are putting startups at serious risk. Working with a platform that doesn't structure your deal appropriately could jeopardize your ability to raise future capital or worse, force you to become a public reporting company. The emergence of eq