NEW YORK - Eldridge Industries, the investment firm led by billionaire Todd Boehly, has brought on board former Investcorp partner David Lee to guide the provision of capital to alternative asset managers. Lee, whose experience includes a significant tenure at the Strategic Capital Group and various positions at prominent financial institutions such as Credit Suisse (SIX:CSGN), joins Eldridge following his departure from Investcorp in September, as confirmed by regulatory filings.
David Lee's career accomplishments, which are outlined in his biography with the Council of Korean Americans, support his new role at Eldridge. His expertise is expected to bolster the firm's strategy in supporting asset managers. This move is reflective of broader industry trends where investment firms are increasingly focusing on inter-funding among asset managers. A notable example from last year is Oaktree Capital Management's acquisition of a majority stake in 17Capital, a specialist in providing finance to private equity firms.
The integration of Lee into Eldridge's team marks a strategic step for the company as it continues to expand its presence in the alternative investment sector. With this new appointment, Eldridge Industries aims to further establish itself as a key player in the provision of capital and strategic support to asset managers operating within the alternative assets space.
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