Co-Investment vs Direct Investment: Raising Money through Successful Structuring, Custody & Compliance
Co-Investing vs Direct Investing is possibly the hottest topic today for both Investors and General Partners to consider. The panel will discuss strategies Investors and General partners should consider while considering a Co-Investment or DIrect investment opportunity. This diverse panel of experts will provide different points of view to consider while arranging an alternative investment offering. If you are an investor being approached by an operating business to be a lead investor or you are an investor tagging along a lead investor, what issues should you consider? Points of view vary depending on the role that you are playing in either transaction. No matter if you are an operating partner or a financial sponsor, this panel will look at everything from costs, legal and business considerations that are being proposed to you. Our experts will discuss and answer Q&A, and share their expert insights into structuring, legal issues, compliance and custody rules while contemplating a Co-Investment vs. Direct Investment opportunity.
- The role credit plays in making the rights decisions when considering a Co-Investment vs Direct Investment opportunities.
- What role do relationships and sourcing play in selecting an investment banker to help you consider and structure Co-Investment vs Direct Investment opportunities?
- How do Co-Investments help General Partners get a Direct Investment accomplished?
- What are the various structures that Investors and General Partners should consider when contemplating a Co-Investment vs DIrect Investment?
- Guidance on selecting which offering exemption (Reg D 506(c), Reg D 506(b), Reg A+) for General Partners to use?
- Which investors prefer Direct Investing and which prefer Co-Investing investing?
- Given this new market environment, which vehicle is best for capital raising and which vehicle is the best for the investor? & Why?
- How much time will it take and what are the various costs of creating the right structure from the point of view of the investor vs operating partner? Who should expect to pay which costs?
- What is the role of a custodian for an alternative asset fund?
Event Recording
Co-Investment vs Direct Investment: Raising Money through Successful Structuring Custody Compliance
Speakers
Tom Kurinsky
- Title
- SVP, Regional Director @
- Company
- Millennium Trust
- Role
- Moderator
Tom oversees the investment sponsor, RIA, bank and broker dealer relationships in the Midwestern and Northeast regions. He brings over 20 years of investment distribution experience, focusing on both traditional and alternative asset classes.
Evan Wein
- Title
- Managing Director @
- Company
- Monness, Crespi, Hardt & Co., Inc.
- Role
- Panelist
Evan H. Wein has enjoyed a successful 30+ year career on Wall Street in both fixed income and equities, with extensive expertise in sales and trading, and hedge fund and money management. He is Managing Director for Special Situations at Monness, Crespi, Hardt & Co., Inc. (MCH), a sell-side institutional boutique brokerage firm established in 1964. Prior to his current role, Mr. Wein was Managing Director and Senior Advisor at Mercury Capital Advisors, an international broker dealer and wealth advisory firm that was acquired by Investcorp in 2019. He was Senior Managing Director and Head of Fixed Income at Weeden & Company LP and Senior Partner at Skybridge Capital, LLC., during which time the firm successfully raised and closed Skybridge Capital II, which seeded multiple hedge funds.
Mr. Wein spent 18 years at Merrill Lynch and Co., where he was Managing Director, Head of Global High Yield Sales, and served on the Fixed Income Management Committee. Under his leadership, Merrill Lynch’s High Yield department achieved record growth and profitability, becoming one of the most successful and prominent high yield franchises on Wall Street. Mr. Wein is registered with Series 7, 63, 24, and 79 licenses. He received his BA from the University of Pennsylvania.
Sara Borazan
- Title
- Managing Director, Head of Business Development @
- Company
- North Capital
- Role
- Panelist
Sara Borazan is a Managing Director and Head of Business Development at North Capital. She oversees strategic partnerships, transaction technology development, and works with existing clients to ensure compliance while promoting transaction volume at scale. She led the design and implementation of procedures and technology to support over 68,000 individual private transactions. Prior to joining North Capital, she was a marketing manager with Regus. She is an honors graduate of the University of Utah with a Bachelor of Arts in Economics. Ms. Borazan holds the Series 7, 63, and 24 registrations and is a supervisory registered principal with North Capital.
Yuting Ren
- Title
- Chairwoman, Harvester Trust Asia @
- Company
- VIDACE
- Role
- Panelist
Yuting Ren is a passionate leader. Over the years, Yuting has provided vision on change initiatives to improve the lives of people and achieving a world full of opportunities for sustainable growth and development.
She is broad member for Public Companies Alliance in China which has numerous public companies in the alliance and helped many global merger and acquisitions deals. Yuting is also a the president for VIDACE which is partner for some of the top and most prestigious royal family offices and Sovereign Wealth Funds. Yuting Ren is Chairwoman Asia Pacific of Harvester Trust and she is actively engaging international collaborations in global scales.
Yuting Ren is also a visionary business leader for social impact projects. She is the Chairwoman of Bureau of America Chinese Silk Road Chamber of Commerce and President Greater China of The Foundation for the Support of the United Nations.
About
Millennium Trust
Millennium Trust Co is a $30B+ Qualified Custodian specializing in providing custody solutions for fund managers, RIAs, institutions, investment platforms, and marketplace lenders, whether they are in need of institutional custody services for funds or alternative asset expertise for their investors. We are based on Oak Brook, IL, currently have over 400 employees and are privately owned by Boston-based Investment Company, Abry Partners.
Monness, Crespi, Hardt & Co., Inc.
Monness, Crespi, Hardt & Co., Inc. (MCH) is a sell-side institutional boutique brokerage firm established in 1964 whose primary business is acting as an agency broker to institutions, hedge funds and certain high net worth individuals. MCH performs fundamental research.
North Capital
North Capital is the leading provider of transaction technology for primary issuance of exempt securities, and we are driving the evolution of clearing, custody and secondary markets on the Ethereum blockchain. We create and deliver services, utilizing custom APIs, open source blockchain technology, smart contracts and securities tokens to transform access, liquidity, and transparency of exempt securities. Our Registered Investment Advisor, North Capital Inc. was founded in 2008. The firm’s founder, Jim Dowd, started the firm after spending 20+ years as an Institutional Asset Manager, with the goal of bringing institutional grade advice to retail clients. North Capital Inc is headquartered in Salt Lake City, UT, with branch offices in Benicia, CA, McAllen, TX, Sea Island, GA, and Pittsburg, PA.
VIDACE
VIDACE helped a lot of high level Fund collaborations which fostered some of the largest fund collocation in investment and funding. VIDACE helped collaborations with some of the most prestigious royal family offices and Sovereign Wealth Funds.