* Adviser to focus on alternatives
* To serve GPs and LPs
* Four founding partners
New York-based Hycroft may also open a London office. “It’s really about getting the right people who share a common vision and who will be additive to the resources assembled thus far,” said our source.
The resources assembled so far at the firm include four founding partners: Neil Banta, former managing director in the fund placement group at Greenhill & Co; Loren Boston, previously head of the private fundraising business at Citigroup and later head of origination in the fund placement group at Merrill Lynch; Scott Myers, a founding partner and still part-owner of Cogent Partners, an investment bank specializing in the buying and selling of interests in limited partnerships; and Patrick Shattenkirk, whose career includes recent stints as managing director at buyout shop Vestar Capital Partners and managing director at Cogent Partners.
Located at 299 Park Ave., Hycroft will handle a variety of alternative investments advisory work for clients located anywhere in the world. The background of Myers and Shattenkirk at Cogent Partners suggest the firm may eventually advise GPs and LPs on secondary transactions.
In building out its team, the firm is particularly interested in people that can advise GPs on restructurings, recapitalizations and related kinds of transactions.