Dynasty to Make Minority Investments in Network Partner RIAs

“Minority equity is a valuable capital solution for a variety of strategic needs, including owner liquidity, M&A, and succession,” it explained. Minority capital can also “help institutionalize a brand and enhance credibility” with clients and advisor recruits, it said.

“The advantage of minority equity is that RIAs maintain control and independence while achieving certain strategic objectives,” according to Harris Baltch, head of M&A and Dynasty Capital Strategies. Dynasty is “getting capital from a partner — someone they already know and trust,” he explained.

“Our minority investment capital program is designed to offer our Network Partner RIAs not only a competitive valuation, but also access to strategic guidance and specialized resources without onerous operational covenants or fixed liabilities,” he added.

The strategy is to offer long-term, “patient capital without the restrictions typically found in fund-sponsored investments,” according to the company. Consistent with the firm’s history of helping advisors become entrepreneurs, Dynasty’s minority investments will have governance rights that it said are “in-line with a passive investor and will only require approval for significant business matters.”

More on Dynasty’s New Board Member

Alcalay has “provided significant input to the design of such programs and her joining” the Dynasty board is a “recognition of her contributions,” Dynasty said.

As part of its diversity and inclusion initiatives, the company “feels that new and different perspectives on how it meets the needs of its clients and employee partners is a competitive advantage in business today,” it said.

Calling Alcalay a “rising star,” Harvey Golub, Dynasty chairman, said in the announcement that she “will be a major contributor with fresh perspective as the newest member” of the firm’s board. “Her extensive experience and expertise in private investments will be invaluable at the Board level as Dynasty rolls out this new capital program and begins making minority investments in our client firms.”

She joined GF Investments, a single-family office based in New York, in 2017 and  is responsible for overseeing all aspects of that firm’s private equity investments, from due diligence to deal execution and portfolio management, with a sector focus in financial services, Dynasty said.

Prior to joining GF, she held investing roles at Temasek, a Singapore sovereign wealth fund, and Oak Hill Capital Partners. She began her career at Blackstone in its Restructuring and Reorganization Group.

Pictured: Rebecca Zeitels Alcalay, GF Investments vice president and Dynasty Financial Partners board member.

Add comment

Your Header Sidebar area is currently empty. Hurry up and add some widgets.