Justin Mitchell

Why this is important: Family offices are increasingly seeking out impact-investment opportunities. LeapFrog Investments closed its third fund on $700 million, beating its original target, with a plan to continue its goal of making impact investments in Africa and Asia. The fund, which LeapFrog called the largest-ever PE fund by a dedicated impact-fund manager, has […]

Why this is important: family offices are increasingly seeking to serve their clients across multiple asset classes. Forbes Family Trust grabbed headlines last week when it acquired Optima Fund Management, just months after buying AM Global Family Investment Office. When Buyouts asked CEO Keith Bloomfield if any more acquisitions were on the horizon, he did not rule […]

Why this is important: Cresset has been extremely active in making acquisitions and adding staff, and is not done yet. Cresset Asset Management said Thursday it acquired the San Francisco registered investment adviser Cypress Wealth Advisors. Terms weren’t disclosed. Barbara Young, Cypress’s founder, CEO and CIO, will become a partner at Cresset. Cypress adds more than $500 […]

OPZ Bernstein, part of Bernstein Cos of Washington, looks to make a big splash on opportunity zones, and family offices have a huge role to play. The firm recently closed its first deal, a $50 million so-called adaptive-reuse project in Cincinnati, changing an office building into multifamily housing. “We’ve already funded our first opportunity-zone investment,” said Craig […]

Why this is important: Blockchain is an increasingly important area of interest in PE Contact the firm: http://beninvest.com/contact.html Inserting a unique nano-sized identifier in a diamond may seem to the layman like an unusual project, but for Benoit J.P. Flammang, a longtime private investor and one of the partners at Beninvest, his single-family office, it made […]

Why this is important: The hiring of Becton Davis is described as a critical part of the next phase of Stonehage Fleming’s development. Contact: Peter Rosenberg in Philadelphia: +1 215-665-2006 The U.K. family office Stonehage Fleming said it hired Becton Davis as a group chief financial officer. He has been with Stonehage since February, according to his […]

Why this is important: Firms gear up to take advantage of Opportunity Zones Contact Jeremy Shevlin at jshevlin@cressetcapital.com Cresset has added Jeremy Shevlin, Whitney Webb and Jason Mussetter to its Denver, San Diego and Minneapolis regional offices, respectively. Shevlin confirmed his hiring to Buyouts and his LinkedIn page says he has been working for Cresset in the Denver area since January as […]

Why this is important: New family office brings on former Goldman Sachs exec from prominent local firm. Chaya Slain joined AdCap Management as chief investment officer this month, she confirmed for Buyouts. The Cleveland firm is run by Joel Adelman, who previously founded Advance Partners and then sold it to Paychex in 2015. Adelman started AdCap in April 2018, […]