. Mr. Silva began his career with Penn Capital in 2002 as a Research Analyst focused on technology and industrial companies. Today, Mike Kazma runs the familys investment firm, Amzak Capital Management. The company will reopen it only if it makes economic sense, Cyr says. Work for ME is a workforce development tool to help Maines employers specifically target Maines emerging workforce. Entering text into the input field will update the search result below. password ? 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Prior to joining Penn Capital, Mr. Paciello was a Research Analyst at Standish Asset Management focused on high yield and distressed securities within the cable media, telecommunications, paper and packaging, and healthcare sectors. The firm was shut down soon after his death. He also served as the first high yield bond manager for several institutional clients including General Motors, State of Vermont Teachers Retirement Association, and Colorado Fire and Police. Clients pay Maplelane Capital LLC for their services and products based on a percentage of assets under management and performance-based fees. "Symmetric," "Symmetric.io" and the Symmetric logo are marks of Symmetric, Inc. Read our privacy policy, Chief Compliance Officer, Chief Financial Officer, Position Crowdedness, Turnover & Concentration. Their last reported 13F filing for Q4 2022 included $963,237,816 in managed 13F securities Prior to joining Penn Capital, he was a Fixed Income Credit Analyst at The Swarthmore Group specializing in investment grade and high yield credit. "We're certainly keenly aware of the pitfalls of the past with people who have tried to run that paper mill and we believe we've learned from the mistakes of others," Cyr says. As Director of Research, he is responsible for guiding the firms day-to-day global investment research process. Maplelane Capital LLC is a large advisory firm based in New York. Neither Symmetric nor its content providers are responsible for any damages or losses arising from any use of this information. Mr. Hocker received both his BS in Accounting and an MBA in Finance from the Kogod School of Business at American University. 13F filing from MAPLELANE CAPITAL, LLC, enter your Leon Shaulov and 56 Leonard Street (YJP, Matt Clare/Wikimedia) Leon Shaulov, founder of hedge fund Maplelane Capital, has found a buyer for his lofty . All text and design is copyright 2020 WhaleWisdom.com. [1]: Each machine is expected to cost $35 million and produce roughly 100,000 tons of torrefied wood pellets a year to send to the United Kingdom where environmental laws are forcing coal-burning facilities to look for energy alternatives, according to Tranchemontagne. Mr. Green has been with Penn Capital since 1997 and as CIO, he is responsible for guiding the firms equity and credit strategies. ", Unlike its predecessors, Conlogue says, the company seems more interested in investing in the mills. We take your privacy seriously. 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The Business Case for Energy Efficiency: The Latest Technology for Office & Industrial Buildings Incentives, Implementation & Compliance, Rutgers: Working With Your Licensed Site Remediation Professional: Changing Roles and Responsibilities Under the NJDEPs NEW Site Remediation Program, 2011 International Council of Shopping Centers: U.S. Shopping Center Law Conference: Structuring Solar Energy Projects for Landlords and Tenants, NJICLE: Sophisticated Commercial Real Estate Practice Purchase, Sale, Leasing, Environmental, Land Use Issues & More. He was encouraged by what he saw. The market for torrefied wood in the United States is essentially zero, Rice says. S&P 500WhaleScore "If you learn anything about Cate Street, it's that they want to build a better mousetrap," says Scott Tranchemontagne, the company's spokesperson. But the company, which focuses on "new, green, sustainable technology," according to Cyr, took a look at the mills anyway. Maplelane Capital - Leon Shaulov assets under management (13F Holdings), latest news, 13D/G filings, and investor letters provided by Insider Monkey On average, the discretionary accounts where all decisions are made on behalf of the client hold $827.39 million each. Cate Street Capital, the new owner of paper mills in Millinocket and East Millinocket, never intended to enter the paper-making business. Robert Crespi has served as Managing Member of Maplelane Capital LLC since 2012. Stanley Motta is a lead investor in Copa Airlines parent company, according to MKHs website. Maplelane Capital Llc is a hedge fund that manages 1.2 BN dollars in regulatory AUM and has 10 employees, of which 8 perform investment advisory functions. He received a BS from Rensselaer Polytechnic Institute in Troy, NY and is a CFA Charterholder. The first torrefaction machine in Millinocket will be deployed this year and create 22 jobs, says Tranchemontagne. "And these people are far and away the best to do business with that I have experienced. SEC form, multiple filers or classes of filers, and much more.***. At the time, it put approximately 200 people out of work. Our privacy policy, Businesses grapple with evolving social media rules, The U.S. CalPERS is the sole investor in LongRanges first fund, a person familiar with the matter confirmed. Robert Crespi's Phone Number and Email. Senior Research Analyst, Assistant Portfolio Manager, Partner. Prior results do not guarantee a similar outcome. Mr. Keane received an AAS in Electrical Engineering from the Radio Electronic Television School, aBS in Information Technology Management, and an MBA, both from The University of Phoenix. The company`s registered agent is Berlin Robert 2020 Gordon Drive, Naples, FL, 34105. Cate Street Capital, the new owner of paper mills in Millinocket and East Millinocket, never intended to enter the paper-making business.When Gov. Track the AUM, funds, and holdings for Maplelane Capital LLC over time. He also counsels clients with regard to regulatory issues related to sustainability and renewable energy. Prior to DIA, Mr. Hocker trained as a corporate lender and supported key senior lenders at Provident National Bank, which is now PNC Bank, a top 20 US Banking institution. 1. Rob assists clients in the national retail, industrial and residential sectors with the purchase and sale of environmentally impaired properties, including Brownfields development and remediation, New Jersey ISRA compliance, negotiating and overseeing projects entering into the New York Brownfield Cleanup Program and the New York City OER, coordinating due diligence, and negotiating environmental insurance and funding mechanisms to facilitate transactions and redevelopment. "Guys have come and gone up there and that's not what we're doing. for MAPLELANE CAPITAL, LLC, Top 20 equal-weighted holdings. Afree guide to job and career opportunities in Maines essential industries. According to its Form ADV filed in July 2021, Maplelane had regulatory assets under management of approximately $5.6 billion. Corner Office. Robert Crespi is a member of the firm's Environmental and Renewable Energy and Sustainability Groups. The contracts Cyr inked in Europe allowed the company to quickly rehire nearly 225 employees to reopen the East Millinocket mill, which Brookfield had idled since last April, putting roughly 450 people out of work. Mr. Braunfeld began his career with Penn Capital in 2015 and serves as an Assistant Portfolio Manager for Penn Capitals Short Duration credit strategies. Namely, two hedge funds. The principal office where Maplelane Capital LLC performs its advisory services is located at 51 Astor Place, New York, NY 10003, which is also the mailing address of the firm. 4.4/5 on . Mr. Bolen began his career with Penn Capital in 2013 and serves as an Assistant Portfolio Manager for Penn Capitals Small Cap, Small to Micro Cap, Small to Mid Cap and Mid Cap equity strategies and has over 20 years experience. It leads to a website published or operated by a third party not affiliated with, or in any way related to, Penn Capital. Maplelane Capital, LLC | 301 followers on LinkedIn. You are limited to the prior 8 quarters of 13F filings. Maplelane Capital, a $3.5 billion stock hedge fund, lost about 33% this month through Tuesday in part because of a short position on GameStop Corp., according to investors. Mr. McLaughlin joined Penn Capital in 2011 as Operations Manager. For now, the Millinocket mill, which Brookfield closed in September 2008 and had produced supercalendered paper for magazines, catalogs and newspaper inserts, remains shuttered. . Maplelane employs 20 people. During her time at Carlyle, Reing first oversaw the firms global real assets partnership accounting team. All rights reserved. I mean quitting your job to start a business? A spokesperson for MKH did not return an email seeking comment. To reopen the mill and restart its "big, beautiful, very unbelievably great machine for supercalendered paper," requires the construction of a natural gas line, says Cyr, something Gov. She also serves as the President of the Ethel Mae Hocker Foundation and received a BS in Education from Rollins College. Mr. Maguire chairs the Credit Risk Committee and serves as a Senior Portfolio Manager for Penn Capitals Short Duration, Defensive High Yield and Opportunistic High Yield strategies. Robert is currently based in New York City, United States. Torrefied wood is not a new technology. "It's not that we're not about making money we are. It got zero response. Fortunately for Thermogen Industries, the stringent environmental laws in Europe are forcing industrial plants to seek energy alternatives to traditional pollution-creating energy sources. So we created this website to help you, the potential investor . Mr. Paciello received a BS from Babson College and an MBA from Villanova University. Andrew joined Spouting Rock in 2018 bringing over 30 years of industry experience. Please. Using or following this link is at your own risk and Penn Capital is not responsible for any damages or losses incurred or suffered by you arising out of, or in connection with, your use of the link. It doesnt run an office outside of the United States. He received a BSBA in Accounting from Bucknell University and an MBA from Loyola College in Maryland. By Erin Hudson. Real Estate, Development & Land Use, Qualified Opportunity Zones Maplelane Capital Llc is a hedge fund that manages 1.2 BN dollars in regulatory AUM and has 10 employees, of which 8 perform investment advisory functions. He serves as the Chief Financial Officer for the Ethel Mae Hocker Foundation. Mr. Hocker also founded and served as CEO of Covenant Bank, a NJ based regional bank which grew to 16 branches and $500m in deposits before being acquired by First Union in 1997. Their last reported 13F filing for Q4 2022 included $963,237,816 in managed 13F securities and a top 10 holdings concentration of 67.8%. . 2023 CSG Law. August 16, 2021 03:30 PM. "All the things that were up in the Millinocket/East Millinocket area, from the infrastructure to the wood basket to the employees all of it was in sync with what the Thermogen business was all about," says Cyr. John M. Quinlan is Chief Compliance Officer, Chief Financial Officer at Maplelane Capital Llc and has been affiliated with Maplelane Capital Llc since November-2014. He attended Glasgow University and holds an Accounting HND from Glasgow College of Commerce. Maplelane Capital LLC is a large advisory firm based in New York. Robert Crespi is a member of the firms Environmental and Renewable Energy and Sustainability Groups. North Carolina State put out an RFP asking for torrefied wood pellets to be supplied to the campus. Navab Capital Set to Wind Down Following Founders Death, Former KKR Manager Creates Private Equity Firm Navab Capital, U.S. Senate Has HELP for Retirement Plans, Modern Slavery Act Transparency Statement. moments. Mr. Maguire has been with Penn Capital since 2005. Phone Email. View the latest funds and 13F holdings. Maplelane Capital LLC - Assets, Funds, Holdings. ), Initially, when the company emerged as a potential buyer of the mills, it didn't broadcast its plans for Thermogen Industries; it only vaguely referred to a renewable energy project. Penn Capital Short Duration High Income Fund, Penn Capital Opportunistic High Income Fund, Penn Capital Special Situations Small Cap Equity Fund. If you have an ad-blocker enabled you may be blocked from proceeding. (For more on the technology, see "Torrefaction: What it is," this page.). In December 2020, Spouting Rock Asset Management (SRAM) entered into an agreement to become the majority owner of Penn Capital. Our privacy policy, To ensure the best experience on our website, articles cannot be read without allowing cookies. Prior to joining Penn Capital, he conducted private equity research for AMS Inc. and was a senior audit associate for PricewaterhouseCoopers LLP. Philadelphia, PA 19112. Environmental This decision is take in action on 2/28/2022. divided by the total MV of the fund. According to his LinkedIn profile, Berlin officially launched LongRange in December 2019. We believe this structure leads to continuity and consistency across all areas of our firm and ensures our interests are aligned with those of our clients. We both grew up in Manhattan and have been friends since eighth grade. Penn Capital is not in any way responsible for the content of any externally linked website or webpage. Michele Reing, who has been at Carlyle since 2011, most recently as its deputy head of fund management, joined LongRange Capital in October, its form ADV shows. The company annual reports filed on Annual reports 3/17/2020. Rice has had dozens of conversations over that time with entrepreneurs in Maine and across the country, including trips to several paper and pulp mills, about the technology and its applications. Chief Operating Officer, Spouting Rock Asset Management. Read More. "Initially, to be honest with you, the paper business was nothing we were interested in," says Richard Cyr, Cate Street's senior vice president. As a member of the Equity Risk Committee, Mr. Civera works closely with the equity portfolio management team to contribute ideas specifically in the micro to mid-capitalization range. Robert Crespi is a Trader at Maplelane Capital based in New York, New York. Postal Service weighs consolidating its services, On the Road with Mainebiz in Presque Isle, On the Road with Mainebiz in the Kennebunks, Millinocket mill site tax lien resolved, opening gate for development, Year in review: uncertainty but big wins in 2012, John Hall banks on new industries in Maine's wood basket, Thermogen prepares to enter budding bio-coal market. Maplelane's quest to claw back its GameStop losses took a hit in May. Maplelane Capital is part of the Finance industry, and located in New York, United States. Maplelane Capital is based out of New York. "All of the stuff that had to do with the paper business actually was the same for what we needed for Thermogen.". Issuer's Identity 2. Andrew also enjoys golf, swimming and traveling with his family. The Navy Yard Corporate Center Maplelane Capital provides portfolio management for pooled investment vehicles. He also gained experience working for the Center for Financial Research and Analysis, a forensic accounting research firm, as well as an Analyst for Global Capital Management. Andrew Smith serves as Chairmanand is responsible for the SRAM division of Spouting Rock. Sign-up "So this is no small investment. The technology is certainly viable, he says; the problem arises when you discuss economics. Berlin isnt the only ex-Navab employee to recently launch an investment firm. His primary areas of coverage are the Consumer Discretionary and Staples sectors. He represents a diverse client base in complex transactional and development issues, as well as in regulatory, compliance and litigation matters. He is an experienced leader with over 35 years in the asset management business, including time with The Vanguard Group, Rose Glen Capital, Gartmore Global Investments and Aberdeen Asset Management. While millwrights and paper makers are back to work at the East Millinocket mill, the mill in Millinocket has sat idle since Brookfield shut the doors more than three years ago, citing unsustainable energy costs. https://www.linkedin.com/company/maplelane-capital-llc/about/, View Last Form Adv Compilation Report on Record, LIMIT THE USE OF MY SENSITIVE PERSONAL INFORMATION, % of top 20 holdings the same as top 20 most commonly held by all managers. 212-235-0800: 3. We're there for the long term and everything we're doing is about reinvesting into that area and those paper mills, as well as the Millinocket site for Thermogen. This acquisition added Penn Capital to SRAM's multi-manager boutique platform of shared services and complementary investment solutions. The minimum investment commitment required of non-related persons is $1,000,000 for each fund. The torrefaction process is energy-intensive, shrinking the profit margins of any would-be producer of torrefied wood. He represents a diverse client base in complex transactional and development issues, as well as in regulatory, compliance and litigation matters. Andrew began his career with Murray Johnstone (later acquired by Aberdeen) where he held a number of financial roles before transferring to their US subsidiary. This lets you look at individual sub managers or subsidiaries within Mr. Hocker founded Penn Capital in 1987 and serves as Chief Executive Emeritus. After four years, in 2015, she became the companys global corporate controller, a bio on the private equity firms website shows. And when it does, the mill will be strategically placed at the entrance to the wood basket and to ship out product via rail domestically or internationally via Searsport, Cyr says. He later rose to serve as head of the investment division. GameStop lead to a lot of hedge-fund headaches in January. The current status of the business is Active. [2]: 50% of the firms clients are foreign persons or businesses. In September, Annette Rodriguez, who was a partner at Navab, co-founded MKH Capital Partners, a private equity firm backed by two families: the Mottas and the Kazmas. Mr. McDonnell joined Penn Capital in 2009 and currently serves as the firm's Corporate Controller. Whalewisdom has at least 55 13F filings. Cate Street Capital was founded three years ago with a mission to invest in technologies that are green, sustainable and scalable, Cyr says. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. 51 ASTOR PLACE, 10TH FLOOR NEW YORK, NY . The firms first fund has since garnered a $1.5 billion investment from the California Public Employees Retirement System, a document for the retirement systems upcoming November 16 meeting shows. Maplelane Capital LLC. Work Biography for Robert Crespi, Maplelane Capital. The first shipment rolled off the production line in November. email address below and choose 'Submit'. ", Backing those lofty goals, Cyr says the company is fully committed to the business and making the two Maine paper mills a main concern for the long term. He received a BS in Civil Engineeringsumma cum laudefrom Tufts University and an MBA from the Yale School of Management. Venture Capital & Private Equity, Finance. Robert S. Crespi is Managing Member at Maplelane Capital Llc and has been affiliated with Maplelane Capital Llc since March-2012. It doesn't provide financial planning services to its clients. By providing a hyperlink to an external website or webpage, Penn Capital shall not be deemed to endorse, recommend, approve, guarantee or introduce any third parties or the services/products they provide on their websites, or to have any form of co-operation with such third parties and websites unless otherwise stated by Penn Capital. to see more advanced email alert options such as selecting any type of . He also gained experience working for Gartmore Global Investments as a Research Analyst focused on high yield and distressed securities, and W.R. Huff Asset Management, an asset manager specializing in high yield securities, as a trader and an analyst focused on high yield and equity securities. Prior to joining Penn Capital, Mr. Bolen was a Senior Equity Research Associate at Raymond James Financial in St. Petersburg, FL covering the Consumer sector. Find more contacts. Robert is Managing Member and has served as Managing Member since 03/01/2012. They seem to have a good handle on what they're trying to do and how to do it. degree and a Certificate in Environmental Law. All rights reserved. Andrew earned a BS in professional and liberal studies from Saint Josephs University. How do I update this listing? Cyr even traveled to Europe to line up potential new customers for the newsprint produced in the East Millinocket mill. If you're happy with cookies click proceed. All rights reserved. Mr. Braunfeld received a BA from the University of Pennsylvania and has a MA in International Economics and Finance from Brandeis International Business School.
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