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Laxman Pai, Opalesque Asia: Josh Harris, the billionaire private equity executive who left Apollo Global Management last year after a messy succession battle, is building out his firm to focus on private equity, credit, and insurance.
The venture, named 26North, is launching with $5bn in assets under management and a team of 40 executives, said a press release from the investment firm.
"I am thrilled to return to my roots as an investor and entrepreneur with the launch of 26North and excited to reconnect with the many partners I've worked with over the last 30 years," said Harris. "Investment performance starts with extraordinary people, and I feel grateful to have attracted such outstanding talent."
Mark Weinberg, who led U.S. private equity at Brookfield Asset Management, will join 26North next year to lead its private equity platform. Brendan McGovern, former head of Goldman Sachs Asset Management's private credit group, will lead 26North's direct lending platform.
"Mark and Brendan are world-class investors at the height of their careers, and I am confident we can win for our partners together," said Harris.
Weinberg and McGovern join more than 40 team members, including former Centerbridge and Goldman Sachs partner Lance West, former Apollo Global Management Managing Director Evan Zemsky, former Blackstone Managing Director Tina Raja, and former Security Benefit Life executive Cole Charnas.
26North has also formed an exciting joint ventur...................... To view our full article Click here
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