Mon, Mar 18, 2019
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Pine Brook promotes Ted Maa and Scott Schaen to partner

Thursday, January 10, 2019
Opalesque Industry Update - Pine Brook, a New York-based investment firm focused on building businesses in the financial services and energy sectors, today announced the promotions of Ted Maa and Scott Schaen to partner.

"Ted and Scott have been with our firm for the better part of a decade, and their advancement demonstrates Pine Brook's commitment to promoting from within," said Howard Newman, Pine Brook's chairman and CEO. "My colleagues and I look forward to seeing them grow even further as they take on greater responsibility in their new roles."

Maa joined Pine Brook's energy investment team in July 2012. He currently represents Pine Brook as a Board Director of Accelerate Resources, Ancova Midstream, Elevation Resources, High Ground Energy, Saguaro Resources, and Serafina Energy.

Prior to joining Pine Brook, Maa was a vice president at Denham Capital Management, specializing in energy infrastructure and oilfield services investment opportunities. Previously, he was an analyst in the Global Investment Research Group at Goldman Sachs, where he focused on energy master limited partnerships. Maa holds a B.B.A. in Finance from the University of Texas and an M.B.A. from Columbia Business School.

"Ted's promotion to partner is well deserved," said Rich Aube, co-president and head of the energy investment team. "He has been a leader in executing our investment strategy and in working with our portfolio company management teams."

Schaen joined Pine Brook's financial services investment team in August 2010, and serves on the board of Clear Blue Financial Holdings. Before joining Pine Brook, Schaen was a senior associate at Lightyear Capital, focusing on middle-market private equity investments in financial services. Previously, he was an investment banking analyst in the Global Power Group at Citigroup. Schaen earned a B.B.A. from the University of Michigan's Ross School of Business.

"Scott's deep understanding of the financial services landscape has been a reliable source of new ideas for the firm," said William Spiegel, co-president and head of the financial services investment team. "We're confident Scott's leadership, insights and dedication will continue to strengthen our team."

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. Institutional Investors: Indiana Public Retirement allocates $507m to 7 managers, Washington State Investment Board pumps another $1.8bn into alternatives, South Carolina commits $400m to 3 managers, Finland set to merge municipal and private pension systems[more]

    Indiana Public Retirement allocates $507m to 7 managers From Indiana Public Retirement System, Indianapolis, announced commitments and investments totaling $507 million to nine alternative investment strategies run by seven managers from the system's $28.7 billion defined be

  2. New Launches: Austin tech investor Strattam Capital raises $230m, Ophelia Brown, a female venture capital investor, raises $85m for her first ever fund, Ex-Google Ventures CEO Bill Maris's VC firm Section 32 raises $200m for second fund, WTW launches secure income fund[more]

    Austin tech investor Strattam Capital raises $230m From Bizjournals: Austin tech investor Strattam Capital is the latest local firm to announce a new fund that could help tech startups find lucrative exits. Strattam Capital, which has offices in Austin and San Francisco, has closed on its

  3. Institutional Investors: Two Sigma unit gets up to $500m from Massachusetts Fund, Ohio School Employees chalks up $105m for 2 multiasset strategies, Alaska Permanent allocates $1.6bn in commitments, investments, PGB allocates $570m to European private equity, Los Angeles City Employees steers $105m to 4 buyout funds, $11.42bn public sector fund Merseyside Pension appoints managers for equity protection[more]

    Two Sigma unit gets up to $500m from Massachusetts Fund From Bloomberg: Sightway Capital, which is owned by hedge fund Two Sigma, is getting a big check from a state pension fund. The Massachusetts Pension Reserves Investment Trust approved investing as much as $500 million in Sightway, a

  4. Renaissance founder says hedge fund has overcome Trump tension[more]

    From FT: Renaissance Technologies has overcome internal tensions sparked by the political views of its former co-chief executive Robert Mercer, according to the founder of the $60bn computer-powered hedge fund. Jim Simons, a former cold war codebreaker who is also chairman of the fund, said Re

  5. Opalesque Exclusive: MIAX Exchange launches VIX competitor[more]

    Bailey McCann, Opalesque New York: A new competitor to the VIX launched today on the MIAX Options Exchange. The competitor - SPIKES - was created by T3 Index, an indexing firm, as part of a partnership with MIAX Options' parent holding company, Miami International Holdings, Inc. The SPIKES In