PRESSR: Azimut appoints former Wafra executives to drive growth in US private markets unit
Dubai/New York - Azimut, the global asset management group, announced that it has appointed Michael Shedosky, formerly of Morgan Stanley, to the position of Managing Director and Co-Chief Investment Officer of the Private Markets unit at Azimut Alternative Capital Partners. Capital Partners) is a subsidiary of Azimut and is headquartered in the United States.
Prior to his appointment at Morgan Stanley, he worked at Wafra, a US$32 billion investment firm backed by the Public Institution for Social Security in Kuwait. He also co-founded the General Partner Shares (GP Staking) platform of Al-Wafra Company and participated in the investment committee that approved 23 investments in general partner shares, representing more than US$3.5 billion of invested capital during his tenure. Chidosky also helped found Dyal Capital Partners, where he was then working alongside Jeffrey Brown, who is now CEO and co-CIO of Azimut Alternative Capital Partners.
Additionally, Brian Farrell has joined the team at Alternative Capital Partners in New York as an Executive Director, but prior to joining Alternative Capital Partners, Farrell was an Executive Director in the Financial Solutions team for the general partners alongside Shedowski at Morgan Stanley, He was responsible for implementing the joint partners' equity investments in private market companies. Prior to joining Morgan Stanley, Farrell was a director at Wafra, where he also worked directly with Mr. Shedoski.
Alternative Capital Partners was founded in November 2019 to acquire equity stakes in companies managing assets in private markets, including private equity, private credit, infrastructure, and real estate. In his new role, Chidowski will report to Brown and will be responsible for sourcing, evaluating and executing new investments in Alternative Capital Partners' equity business.
“I personally would welcome the opportunity to work with Mike again after working together at Dyal,” said Jeffrey Brown. “He is one of the most experienced and respected leaders in general equity investing.”
Michael Chidowski added: “The general partners’ interests are in a unique asset class with high recurring revenues, high profit margins and long-term growth opportunities in private markets. I am excited to join Azimut to form strategic partnerships with general partners in acquisitions, growth, and in the infrastructure, real estate and private credit areas in “Underserved lower middle market.”
Alternative Capital Partners has completed five minority equity investments in private markets companies collectively managing more than $20 billion. Azimut provides its global clients with access to the market products of Alternative Capital Partners and its affiliates, providing the ability to diversify assets under management.
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About Azimut
Azimut is an independent global group working in the field of asset management. Its clients range from institutions to private businesses and companies, and it has a presence in the Dubai International Financial Center and the Abu Dhabi Global Market. Azimut, a public company listed on the Milan Stock Exchange (AZM.IM), is a leading company in Italy with subsidiaries in 18 countries around the world, managing approximately US$95 billion in assets under management. Azimut Group currently has more than 1,400 employees, including more than 200 investment professionals.
In the US, Azimut covers both private and public markets, with Alternative Capital Partners and its affiliates focusing on private equity management and private debt products, and Azimut's subsidiary, Kennedy Capital Management, being a leader in equity products. American small and medium sized.
For more information, visit www.azimut-group.com
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