Ballast Rock has employed Max Jackson as a managing director and personal credit score portfolio supervisor because it appears to increase into an “enticing area of interest”.
Within the newly created position, Jackson will look to determine and supply personal credit score and growth capital alternatives for the group’s asset administration division. Primarily based in San Francisco, he may even lead M&A advisory for Ballast Rock Capital.
“Non-public credit score has been among the many fastest-growing segments of economic companies, and we imagine we now have recognized a sexy area of interest to discover these alternatives on behalf of our buyers,” mentioned Simon O’Shea, chief funding officer of Ballast Rock.
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Beforehand, Jackson was vice chairman at KeyBanc, in its utilities, energy and renewable vitality capital markets crew. There he suggested on greater than $1bn in transactions. Previous to that, he labored at MVP Capital and Fifth Third Securities.
Ballast Rock, headquartered in South Carolina, has $240m (£182m) in belongings beneath administration managed on behalf of over 1,060 buyers. The asset administration division supplies investments in multi-family actual property and enterprise capital. The group additionally has a wealth administration division.
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