in Physics from Columbia University. In that position, he structured and negotiated senior and mezzanine commercial loans and acquisition facilities. United States. Mr. Porter is primarily dedicated to New Mountain's credit business. He served as interim Chief Executive Officer from December 2011 to July 2013 and was appointed Chief Executive Officer in August 2013. 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Companys Quarterly Report on Form 10-Q, which is, or will be, available The firm currently has approximately $5 Mount Kellett will benefit from the scale and resources contained within the institutional framework of Fortress, a global alternative asset manager with USD69.9 billion in assets under management. Ms. de Oca earned a Bachelors in Business Administration from Universidad Carlos III de Madrid (UC3M). The. View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005960/en/, Fortress Investment Group LLCGordon E. Runt, 1-212-798-6082orMount Companys control. Prior to joining ACON in 2021, Mr. Mariani was an Equity Research Associate at Bank of America Merrill Lynch where he covered publicly listed Latin American companies across the healthcare, education and transportation sectors. Sculptor Capital is a global alternative asset manager providing a range of products across Multi-Strategy, Credit, and Real Estate. Mr. Following his tenure, he was awarded the Distinguished Service Medal, the State Departments highest honor. Mr. Gershenfeld received a B.S. In the course of executing investments and operating portfolio companies, Fortress has developed a team of investment professionals with significant sector-specific expertise and relationships with leading companies, institutions and individuals worldwide. Prior to joining ACON in 2015, Mr. Cimino was a Vice President at The Rock Creek Group, a DC-based asset management firm, where he managed the overall tax function. Prior to founding SandsPoint Capital Advisors LLC, Kevin served as the Chief Operating Officer and Chief Financial Officer for Mount Kellett Capital Management, a $3 billion first time. Founded as a pure private equity firm in 1998, Fortress has transitioned into a highly diversified, global investment manager. and a strong institutional framework, said Mark McGoldrick, Chief Pulley received a B.A. Mr. Briger serves on the Board of Trustees of Princeton University, is the Chairman of the U.S. Soccer Investment Committee and is a member of the Council on Foreign Relations. Ms. Segura began her career at Mijares Angoitia, Corts y Fuentes and Gmez-Pinzn, Tier 1 law firms in Mexico and Colombia, respectively. Mount Kellett Capital Management is based out of New York. She began her career in the audit practice at KPMG. and a Masters in Accounting from Florida State University. from Princeton University and an M.B.A. from the Wharton School of Business at the University of Pennsylvania. Mr. McKnight serves on the Board for the Center for Politics at the University of Virginia, the Board of Advisors for SMUs Cox School of Business Alternative Asset Management Center and the Board of Center for New American Security. Mr. Briger has been a member of the Management Committee of Fortress since 2002. Headquarters. in Economics from Massachusetts Institute of Technology. press release. From 1998 to 2011, he worked with Merrill Lynch Global Private Equity in So Paulo and London, where he was promoted to Managing Director. Prior to joining Veritas, Mr. Brotman was an Associate at Bain Capital and served as a Principal of Wasserstein Perella Management Partners. Prior to commencing to consult for ACON and with ACON portfolio companies, he was a Vice President at Thomas H. Lee Partners where he was responsible for developing and implementing operational improvement, cost reduction and revenue enhancement programs for portfolio companies. Mr. McKnight is a Managing Partner of the Fortress Credit Funds Business. Alberto Hernandez is a Partner at ACON Investments. Mr. Ginns has also previously served on the Board of Directors of several public companies including Mariner Energy (NYSE:ME) and Northern Tier Energy (NYSE:NTI), each realized ACON fund portfolio companies and Optimal Group (NASDAQ:OPMR) In addition, Mr. Ginns served on the Board of Directors of ACON S2 Acquisition, a strategic sustainability-focused special purpose acquisition company that was publicly traded (NASDAQ: STWOU) prior to completing a business combination with ESS Inc. (NYSE: GWH). Prior to that, Mr. Bhatia was with Merrill Lynch Investment Banking based in New York and Brazil, where he worked in M&A and corporate finance. Last chance for up to $40 off TurboTax, In-App Exclusive: 33% Off | adidas Promo Code, 60% off running shoes and apparel at Nike without a promo code. Prior to Monomoy, Mr. Scielzo was a Principal at Allied Capital and the Director of Portfolio Management and Analysis at the Riverside Company. Capital. Mr. Yano holds a Bachelors in Business Administration from Fundao Getulio Vargas (FGVEAESP). Ankit Vaish is a Principal at ACON Investments. David Sandler is a Director of Treasury and Operations at ACON Investments. statements within the meaning of the Private Securities Litigation Brett Weidemeyer is an Associate at ACON Investments. in Accounting and her B.S. The transaction, subject to Mount Kellett investor approval and other approvals, is scheduled to close on or about 30 June 2015. investment professionals who possess deep knowledge of special Under the merger, Fortress will reportedly invest $200 million in Mount Kellett's existing . Mr. specific knowledge, particularly in credit and global real estate. Mr. NEW YORK--(BUSINESS WIRE)-- Prior to joining Fortress in 2001, Mr. Dakolias was a Managing Director, Chief Credit Officer and co-founder of American Commercial Capital LLC (a specialty finance company) and Coronado Advisors (an SEC registered broker dealer), both of which were sold to Wells Fargo & Co. in 2001. {"data":{"demos":[{"value":"GEO","label":"GEO","children":[{"value":"Albania","label":"Albania"},{"value":"Algeria","label":"Algeria"},{"value":"Argentina","label . In Mr. Aronson serves on the Board of Directors of Sequitur Energy Resources, an ACON fund portfolio company. Fortress Principal and Co-Chairman of the Board of Directors. Mr. Brotman has previously served on numerous boards of ACON fund/investment vehicle portfolio companies, including Carulla Vivero, Fairway Media Group, Fiesta Mart, Florimex International, GBarbosa Comercial, Grupo Sala, idX, Igloo Products, Refac/U.S. She began her career in investment banking in the JPMorgan Financial Sponsor Group executing leveraged buyouts and other capital markets transactions for leading private equity firms. Mr. Schwartz has co-led investments in or served as a board member for numerous private companies prior to joining ACON, including among others, the following businesses: Simmons, Riddell Bell Sports, 1-800 Contacts, Commonwealth Laminating, i-Robot and Harry Winston. Prior to joining ACON Southern Europe Advisory, Ms. de Oca worked at Tikehau Capital in the Private Debt team in London. with Honors in Quantitative Economics from Stanford University and an M.B.A. from the Harvard Business School. Prior to ACON, Mr. Kriger was an independent consultant working with various private equity clients, including ACON since 2016, sourcing, developing and evaluating opportunities in the food logistics and supply chain sector as well as branded food and restaurant prospects. Drew Scielzo is an Operating Partner who works directly with certain portfolio companies of funds sponsored by ACON Investments providing advice on a range of operational issues. Mr. Furstein received a B.A. Prior to commencing to consult for ACON and with ACON portfolio companies, he was an Operating Partner with Monomoy Capital where he was responsible for developing and implementing comprehensive profit improvement programs for portfolio companies. in Economics, Management and Public Policy from Rice University and an M.B.A. from The Anderson School at UCLA. Prior to that, he was the head of Investment Operations at Dyson Capital Advisors, where he was responsible for implementing both the firms trading and reporting platforms. These statements are not historical facts, but instead Launched Fortress Credit Opportunities Fund V, Launched Fortress Japan Opportunity Fund IV, Launched Fortress Real Estate Opportunities Fund III, Priced IPO for Mosaic Acquisition Corp. in October, Appointed investment manager of the third party originated JP Funds, Launched Fortress Credit Opportunities Fund IV, Launched Fortress Japan Opportunity Fund III. Launched Fortress Real Estate Opportunities Fund II, Fortress Transportation and Infrastructure Investors LLCs Initial Public Offering on the NYSE, Agreed to co-manage Mount Kellett investment funds and related accounts, Launched Liquid Markets Affiliated Manager Platform, Newcastle Investment Corp. completed spin-off of New Media Investment Group, Newcastle Investment Corp. completed spin-off of New Senior Investment Group. Prior to that, Mr. Machado was an Associate with FM&Co., a cross border M&A advisory boutique in New York. Prior to joining ACON in 2021, Ms. Thever was a Partner at Bridge Investment Group, a $26bn real estate private equity firm. The . A. Todd Ladda is a managing director and Global Head of Credit for the Fortress Capital Formation Group, LLC, a member of FINRA, where he is responsible for capital raising and investor relationship management for the Credit Funds at Fortress Investment Group LLC. in International Business from the University of Colorado Boulder, a Master in Finance from IE Business School and has completed the General Management Program (PDG) for directors and senior managers at IESE Business School. Mr. Bass also is a member of the Board of Trustees of the Florida State University Foundation. Mr. Hurley holds a B.S. Mr. Edens received a B.S. with $69.9 billion in assets under management. The Company Pulley has over 25 years of real estate investment experience, having started his career at Bankers Trust. Prior to that, she was a Junior Analyst at BBVA Corporate and Investment Banking in London, in the Leveraged Finance team covering the EMEA region. Marcos Llado is a Managing Partner and co-founder of ACON Southern Europe Advisory. The senior leadership of both companies have a decades-long history of working together. These tools allow Fortress to engage in and extract value from complex investments. President at Mount Kellett Capital Management LP Brooklyn, NY Brian Lippey managing Director & Head of Global Marketing at Mount Kellett Capital Mgmt New York, NY sivasubramanian kn. Mount Kellett managed about $7.5 billion in regulatory. Louie must pay a $100,000 penalty and Mount Kellett, which is an SEC-registered investment adviser, must pay a $160,000 penalty. Prior to BlackRock, Ms. Thever led the North America pension and insurance distribution efforts within JPMorgan Alternative Investment Strategies. She is a licensed Certified Public Accountant in New York. Long-term investments in established or emerging category-leading businesses, partnering with management teams to unlock potential for growth and value creation. He started his career at HSBC and Lloyds Bank, where he spent seven years in corporate banking and structured finance. Mr. Mariani holds a Bachelors in Business Administration from Fundao Getulio Vargas (FGV-EAESP). Previously, Mr. Machado has served on the board of Dori Alimentos, an ACON fund portfolio company, and of Conexo, a prior ACON fund portfolio company. JBK Capital has invested in, or advised on over $700 million of transactions since its . Mount Kellett Capital Management LP ("Mount Kellett") raised a number of focused global distressed, special situations and opportunistic investment funds. Gino Dellomo is a Partner at ACON Investments. Such a sale could bring in money that would help stave off default at the network operator. Pedro Mariani is an Associate at ACON Investments. She is a licensed Certified Public Accountant in the Commonwealth of Virginia. Ms. Aguilar also previously worked at ERM for more than 10 years as a Project Manager in Mexico City and as a Project Director in Lima, Peru. Spokespeople for Mount Kellett Capital Management, Louie and Schiller could not be reached for comment. Previously, Ms. Thever served as a Director in the BlackRock Alternative Specialists group where she was a senior product and distribution specialist focused on private equity and real assets. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS. The partnership between Flushing-based TDC Development and Construction Corporation, AECOM Capital, the Rockefeller Group and Mount Kellett Capital Management is getting ready to close a roughly $225 . in Accounting from The University of Texas at Arlington. from the University of Pennsylvania Law School in Philadelphia, Pennsylvania, where she also earned the Wharton Business and Law Certificate. Overview: headquartered in New York. in Physiology and Neurobiology from the College of Computer, Mathematical and Natural Sciences at the University of Maryland, College Park. Masumi Waida is the Chief Financial Officer of ACON Investments. in English and Biology from the University of Connecticut and a J.D. The latest litigation news involving the company Mount Kellett Capital Management () Kenneth Brotman is a Founder and Managing Partner of ACON Investments. For a discussion of some of the risks Mount Fortress has considerable capital markets expertise, and has expertise in securing low-cost, low-risk financing for its investments by accessing the debt and equity capital markets. Pack serves as a Director on multiple corporate and philanthropic Boards. No software installation. Ltd. (ITAT Mumbai) Conclusion: Since the director was not a shareholder when bonus was paid to him and also the bonus was not paid out of the earlier years' accumulated profits, therefore, deduction of bonus paid to director was allowable under 36(1)(ii). Ms. Kulkarni serves on the Board of Directors of the following ACON fund portfolio companies: Atlantic Sustainable Catch, Beauty by Imagination, New Era, Novipax and SUZOHAPP. The senior leadership of in Accounting from Liberty University. Elena Minguez is a Finance & Administrative Manager for ACON Southern Europe Advisory. Ms. Kulkarni holds a B.S. Prior to joining ACON in 2021, Mr. Hurley was an Analyst at UBS Investment Bank, where he worked on leveraged finance transactions across a variety of industries. Mr. Dakolias is also a co-founder and member of the Executive Committee of The Hellenic Initiative, as well as a member of the Council on Foreign Relations. We are proud to have approximately 67% of our U.S. employee base comprised of individuals who identify as members of an ethnic minority or as female. Prior to joining Fortress, Mr. Neumark was a Senior Vice President at Plainfield Asset Management, a large distressed debt hedge fund based in Greenwich, CT where he was involved in distressed debt and special situations investments. Prior to joining BlackRock, Mr. Nardone was a partner and a member of the executive committee at the law firm of Thacher Proffitt & Wood. Mount Kellett Capital Management, a $5 billion investment firm co-founded by former Goldman Sachs star Mark McGoldrick that is known for investing in distressed debt, is calling on a friend for help. Jorge Dickens is a Managing Partner at ACON Investments. Prior to joining New Mountain, Mr. Porter was a Principal of Bayside Capital, the credit and special situations platform of H.I.G. In this position, Roger oversaw the management of a portfolio of $6.5 billion and worked closely with operating partners in acquiring, formulating and executing asset strategy in order to maximize value and investment returns. Fortress has refined a set of tools for assessing operational, structural and strategic challenges. Certain statements in this press release may constitute forward-looking Woo was a staff accountant at a local CPA firm in Virginia, where she managed tax filings and financial reporting for small business clients. Mr. Kriger holds a B.A. The Sydney native studied at Harvard University and had a stint at Mount Kellett Capital Management, the investment firm founded by former SSG executives Mark McGoldrick and Jason Maynard. Jaime Marin is an Investment Director for ACON Southern Europe Advisory. Mr. Semmler serves on the Board of Directors of Alsur, Contenur and Formacin Alcal, each ACON Southern Europe portfolio companies. Prior to commencing to consult for ACON and with ACON portfolio companies, he was a Principal at Investcorp where he was responsible for developing and implementing operational improvement, cost reduction and revenue enhancement programs for portfolio companies. Mr. Brotman serves as a member of the Board of Directors of the following ACON fund portfolio companies: Atlantic Sustainable Catch, Bargain Hunt, Beauty by Imagination, Diverzify+, Fleetwash, Funko, New Era, Novipax, ProEnergy, SUZOHAPP and True Value. Prior to joining Fortress in April 2004 as the Deputy General Counsel, Mr. Brooks spent nearly eight years at Cravath, Swaine & Moore LLP, where he specialized in mergers and acquisitions, capital markets transactions, including initial public offerings and high-yield debt issuances, and providing corporate governance advice to large public companies. Jack Neumark is a Managing Director, serving on the investment committee for the Credit Funds. Daniel Jinich is a Managing Partner at ACON Investments. Korah Whitley is a Fund Accountant at ACON Investments. The Company can give no assurance that the expectations Distribution and use of this material are governed by in Family Science from the School of Health and Human Performance at the University of Maryland, College Park. in Chemical Engineering from Universidad Iberoamericana in Mexico City and is currently a CFA Level 1 candidate. Ms. Isunza holds a B.S. with Honors in Humanities from The University of Chicago. Mr. Brooks received a B.S. Mr. Machado worked previously at MTN Capital Partners, a private equity firm in New York as well as in the principal investments division of FUNBEP pension fund in Brazil. Held: AO during the course of assessment proceedings noticed that assessee . Prior to joining Bayside in 2012, Mr. Porter worked for Mount Kellett Capital Management, where he focused on distressed credit investing, and for GSC Group, where he focused on middle-market control . Mr. DeAraujo started his career at General Electric, with roles in manufacturing management, corporate audit staff and business development. Prior to this he was the Chief Operating Officer at Limiar Capital Management, a Virginia-based investment management firm focused on global emerging markets. Launched Fortress MSR Opportunities Fund II, Launched Fortress Japan Opportunity Fund II, Opened offices in San Francisco, Shanghai and Singapore, Launched the Fortress Asia Macro Fund, the Fortress Credit Opportunities Fund III, the Fortress Real Estate Opportunities Funds and the Worldwide Transportation & Infrastructure Fund, Acquired Logan Circle Partners (closed in April 2010), entered the fixed income asset management business, Fortress received an investment grade rating of BBB from Fitch Ratings and BBB- from Standard and Poors, in each case with a stable outlook, Launched the Fortress Japan Opportunity Fund, first Yen denominated fund. Prior to joining ACON in 2008, Ms. Kulkarni was a Senior Associate with the Technology, Media & Telecommunications Investment Banking Group at Friedman Billings Ramsey focusing on Business Services and Financial Technology sectors, where she was responsible for executing the firms underwriting and M&A advisory activities. . Claire Woo is a Senior Accountant at ACON Investments. Prior to joining Fortress in August 2006, Mr. Gershenfeld spent thirteen years at Goldman, Sachs & Co., where he became a managing director in the tax department. Fortress has deep knowledge of the industries in which it invests. Prior to commencing to consult for ACON in 2021, Ms. Segura was a Senior Associate at Mendoza Abogados, a boutique Colombian law firm, where she worked on cross-border financings, M&A and leveraged transactions. Mr. Campanelli joined the firm in 2020 as a Treasury and Operations Manager. Rodrigo Galvo is a Partner at ACON Investments. Our investors will benefit from the access and Outside of ACON, Mr. Brotman was a member of the Board of Directors of Foundation Carulla, one of Colombias most successful early childhood development and education non-profits for underprivileged children, and previously served as its chairman. Bradley Walker is a Director at Terra Capital Partners based in New York City, New York. The former honors student went from living in a luxury penthouse with other executives at FTX to becoming the latest member of the crypto exchanges inner circle to plead guilty to fraud. The firm has reached a deal in principle with Fortress Investment Group LLC for Fortress funds to invest $200 million in Mount Kelletts funds and become a co-manager of them, Mr. McGoldrick and Fortress principal Peter Briger said Friday. Fortress Investment Group has agreed to acquire the investment funds and operating platform of Mount Kellett Capital Management. Mr. Hernandez also completed a concentration in economics and political sciences at the London School of Economics as a general course student. Mr. Neumark also previously practiced law at Wachtell, Lipton, Rosen & Katz in the restructuring and finance group, and at Simpson Thatcher & Bartlett LLP in the corporate group. Prior to joining ACON in 2018, Ms. Mount Kellett Capital Management is a hedge fund with 25 clients and discretionary assets under management (AUM) of $617,256,219 (Form ADV from 2022-03-31). She is a Fulbright Scholar and published author. Alex DeAraujo is an Operating Partner who works directly with certain portfolio companies of funds sponsored by ACON Investments providing advice on a range of operational issues. Mount Kellett Capital Management LP, a $5 billion investment firm co-founded by former Goldman Sachs Group Inc. star Mark McGoldrick that is known for investing in distressed debt, is. Mr. Dakolias was previously a director at RER Financial Group where he was responsible for the firm's acquisition efforts as a principal and as a provider of third party due diligence and asset management. Capital. management fees, incentive income and investment income (loss), Mr. Schwartz serves on the Board of Directors of True Value, an ACON fund portfolio company, and has previously served on other ACON fund portfolio company boards, including Igloo Products and RMH Franchise Investments. Meanwhile, Mount Kellett manages approximately $5 billion in assets, with about half in property investments. Suma Kulkarni is a Partner at ACON Investments. Prior to Fortress, Ms. Wall was the Assistant Corporate Controller at Mount Kellett Capital Management, a multi-strategy investment firm where she was instrumental in transitioning accounting functions to the Texas . Fortress applies its deep experience Fortress Investment Group/Mount Kellett Capital Management Chapter 11 Bankruptcy Cases PETITION New Chapter 11 Filing - EB Holdings II Inc. (Eco-Bat) May 19, 2017 in Chapter11 EB Holdings II Inc. 5/18/17 Recap: When you fail to repay nearly 1.8 billion Euro on a (PIK) note, you risk getting yo' a$$ involuntaried into bankruptcy court. Investment Officer of Mount Kellett. Mount Kellett is a distressed-asset investment specialist founded in 2008 by former Goldman Sachs star Mark "Goldfinger" McGoldrick. Andrew Axelrod, a former managing director at Mount Kellett Capital Management, is starting his own hedge fund firm with backing from billionaires Louis Moore Bacon and Julian Robertson. In addition, Mr. Galvo has been involved with private equity investments in Debenhams, Dominet Bank, Juncadella Prosegur, Procomp and Rexel. Mr. Marin speaks Spanish, English and German fluently, and speaks French conversationally. Mr. DeAraujo began working with ACON in 2017. Mr. Neumark also heads the Legal Assets Group of the Credit Funds Business at Fortress Investment Group LLC and is a member of the management committee of Fortress. in Economics, summa cum laude, with a concentration in Finance from The Wharton School and a B.A.S. JBK Capital is a private equity and advisory firm focused on opportunistic investment opportunities. Prior to joining Fortress in November 2003, Mr. Bass spent eleven years at Deutsche Bank. Mr. Aronson has published opinion pieces in The New York Times, The Wall Street Journal, The Washington Post, The New Republic and The Huffington Post, among other publications. based. Prior to joining Arco, Mr. Hernandez was a Director in the European Mergers and Acquisitions group of UBS in London. Understand how government agencies for economies around the world use GlobalData Explorer to: Building an Innovative Financial Technology Ecosystem in Scotland. Mr. Kriger serves on the Board of Directors of the following ACON fund portfolio companies: Atlantic Sustainable Catch, Funko and Novipax. situations and opportunistic investing, said Peter L. Briger, Jr., Mr. Menges holds a B.S. Founded in 1998, Fortress manages assets on behalf of over 1,900 institutional clients and private investors worldwide across a range of credit and real estate, private equity and permanent capital investment strategies. Today in Naval History - Naval / Maritime Events in History 14 November 1851 - Moby-Dick, a novel by Herman Melville, is published in the USA. Prior to joining ACON in 2013, Mr. Hernandez was a Managing Director with the manager of Arco Capital Corporation from 2007 to 2013, where he was responsible for its investments, which included companies in Colombia and Eastern Europe. Prior to joining New Mountain, he was a Principal of Bayside Capital, the credit and special situations platform of H.I.G. Mr. Furstein was also involved in the acquisition of distressed business, consumer and real estate loans and had responsibility for the management of more than 60 portfolios of such assets.