Three top private equity executives announced today they have
formed a new firm, Leucadia Capital Partners LLC (LCP), to provide
customized private equity investment management and advisory services
to institutional investors.
The La Jolla-based firm is managed by Monte M. Brem, Chief
Executive Officer; Thomas P. Keck, Chief Investment Officer; and Jose
A. Fernandez, Managing Director. Together, the three founders have
more than 30 years of experience as transaction advisors and principal
investors. The customized portfolios they have built, primarily for
public pension plans, have consistently generated market-leading
returns. LCP expects to have a team of 10 professionals in place by
June.
Clients who have already retained LCP are the George Kaiser Family
Foundation and the Kuwait Investment Authority.
LCP offers highly sophisticated research capabilities, a proven
investment approach (including development of optimized portfolio
allocations and identification of top performing managers) and a
professional staff with sophisticated analytical training, as well as
direct investment and transaction experience.
The firm is independent, 80% owned by its employees and founded on
the principle that offering broad employee ownership and operational
participation will allow LCP to attract and retain a highly talented
group of individuals who are committed to the long-term success of its
clients and the firm.
"Prior to forming LCP we spent extensive time with leading private
equity general and limited partners who expressed a market need for
additional advisor and investment management alternatives due to the
departure of many market players to the fund-of-funds model. In
addition, our prior experience demonstrated to us that a superior
investment approach can be developed for fund investments and
co-investments applying sophisticated analytical techniques to the
extensive empirical private equity performance data that now exists,"
said Mr. Brem. "LCP offers a specialized separate account (single
limited partner) structure that is customized from an allocation and
investment process perspective based on each client's unique needs. We
build portfolios through a combination of fund commitments and
co-investments that provide superior net (after fee) returns to our
clients."
"We look forward to working with Leucadia Capital Partners," said
Ken Levit, Chief Investment Officer of the George Kaiser Family
Foundation. "They have a very talented and experienced team and will
serve an important role in helping us to identify inefficient and
underappreciated investment opportunities in illiquid markets."
"We looked closely at the private equity advisor and investment
manager marketplace and found that Leucadia Capital Partners offers
the customized and progressive approach to building a private equity
portfolio that we were seeking," said Osama Al-Ayoub, Director of
Private Equity for the Kuwait Investment Authority. "Based on the
pedigree and expertise of the team we expect LCP to quickly become one
of the preeminent investment managers and advisors in the private
equity sector."
For more information about the firm, its philosophy and services
please visit www.leucap.com
