Boyazny’s Plan: Innovation In Accounts

Former portfolio manager for funds-of-funds shop Siguler Guff & Company, Maria Boyazny, has launched MB Global Partners, working with the investment management firm G2 Investment Group.

MB Global Partners will create a multi-manager platform specializing in a variety of credit dislocation and distressed strategies, via funds and direct investments. The platform will include corporate debt, residential mortgage debt, commercial real estate and other hard assets and special situations globally. The woman-owned business will be backed by pension funds, foundations and family offices.

Fundraising will likely begin in the first quarter, Boyazny told Buyouts, but she has not yet decided on a target. As far as competing with Siguler Guff for LPs, she said that G2 has a whole different broad set of LP relationships that her former firm never focused on.

“I wanted to partner up with a platform,” Boyazny told Buyouts. “There are lots of innovations I wanted to implement as far as how we approach investing with managers and how we build up separate accounts. Also, I’ll have broader resources with G2, which has a broad credit background and capabilities. My vehicle marries managers with co-investments, so G2’s teams can help support our direct and co-investment angles. They have a lot of the market and investment expertise, and I’m just bringing to G2 a link between all their different groups. My product is the glue that is going to marry all the different pockets of talent within G2,” said Boyazny.

For the past 10 years, Boyazny has managed $4.5 billion in assets for Siguler Guff’s four Distressed Opportunities Funds. In response to her departure, James Gereghty became the head of those funds, which he had co-managed with Boyazny. Previously Gereghty was mainly responsible for the direct investment portion of the funds. Marianna Fassinotti will manage the relationships with general partners.