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A widely known expert veteran in alternative investments, Mr. MacDonald brings several decades of leadership in hedge fund strategy and business development, to Level III. In his expanded role, he will help guide the Firm's strategic direction and deepen engagement with institutional partners.

Since joining Level III's advisory board in 2024, Mr. MacDonald has contributed meaningfully to the Firm's positioning and capital formation efforts. His appointment as Chairman underscores Level III's commitment to aligning institutional-quality infrastructure with next-generation investment strategies.

"Stuart's track record of building durable alternative investments businesses and his prominence in the industry speaks for itself," said Jack Zumwalt, CEO and Co-CIO of Level III. "We're excited to formalize his leadership at a pivotal moment in our growth, and we look forward to working even more closely as we scale our business."

Mr. MacDonald previously held senior leadership roles at alternative investment firms including Aaro Capital Management, Aquila Capital, and Henderson Global Investors. He is widely regarded for his strategic acumen and deep network across the industry landscape.

Mr. MacDonald said, "I am excited to contribute to Level III Capital's growth and success. The firm's sound governing ethos, exceptionally high-calibre team, and the quality of its investment thesis and proprietary technology make Level III Capital one of the most promising asset managers I have ever encountered."