NEW YORK and SYDNEY, March 1,
2021 /PRNewswire/ -- Channel Capital Pty Ltd.
(Channel), a leading Australian multi-affiliate investment
management company servicing more than A$16 billion in assets, today announced it
is partnering with Des Mac Intyre, former CEO of Mellon Investments
Corporation, to form Eolas Capital, an investment management
incubator in New York.
Eolas Capital—pronounced O-las—Channel's first subsidiary in
the United States, will provide
partner capital, business platform and industry expertise to
promising investment talent in the U.S. and non-U.S. managers
seeking to expand in the world's largest asset management market.
Channel offers similar capabilities, including distribution,
marketing and responsible entity services for a select group of
investment management companies and their clients across the
institutional, family office, high net worth and advisor-led
investor spaces in Australia.
"Channel's platform has helped build durable investment managers
in Australia for nearly a decade,
and we're confident that with Des as our partner, we will expand
successfully in the United
States," said Glen Holding,
Channel's co-founder and managing director.
"I'm excited and energized by the opportunity to embark on an
entrepreneurial venture with Channel Capital," said Mac Intyre, managing director of Eolas Capital.
"In Gaelic, Eolas means knowledge and experience, and that's
exactly what we'll provide to boutique managers.
Investment management is a dynamic industry where agile firms with
differentiated investment ideas and operational excellence can
thrive."
Mac Intyre brings more than 30
years of asset management experience to this new venture. Before
Eolas Capital, he was chairman and CEO of Mellon Investments
Corporation, a multi-asset solutions subsidiary of BNY Mellon with
$613 billion in client assets as of
Dec. 31, 2020. Earlier, he was BNY
Mellon's CEO of U.S. asset management and chairman and CEO of
Standish Mellon Asset Management. Mac
Intyre also held executive positions for Bridgewater
Associates, Pareto Partners and General Motors Asset
Management.
Established in 2013, Channel has 30 employees globally, and is
currently partnered with eight investment management firms.
New York-based Kudu Investment
Management, LLC, a provider of permanent capital solutions to asset
and wealth managers globally, acquired a minority stake in Channel
Capital in 2020 and is helping finance Eolas Capital.
About Eolas Capital
Eolas Capital, based in
New York, is an investment manager
incubator providing partner capital, knowledge and experience to
empower managers by enhancing focus, independence, growth and
operational excellence.
Eolas Capital's goal is to allow managers to focus on alpha
generation through capital provision and the ability to leverage
Eolas' "Choice Set" Resource platform, which is designed to drive
enterprise value and growth covering business strategy, business
implementation, sales and marketing support.
About Channel Capital
Channel provides incubation,
distribution, operational and responsible entity services to a
select group of investment management firms and their clients
across the institutional, family office, high net worth and
advisor-led investor space. Channel's subsidiary entity, CIML,
provides responsible entity services to a limited set of funds.
Channel currently services more than A$16
billion in client assets. Learn more here:
https://channel.capital.
About Kudu Investment Management
Kudu provides
long-term capital solutions—including generational ownership
transfers, management buyouts, acquisition and growth finance, as
well as liquidity for legacy partners—to asset and wealth managers.
Kudu was founded in 2015 and is backed by capital partner White
Mountains Insurance Group, Ltd. (NYSE: WTM). For more
information, please visit Kudu's website.
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SOURCE Eolas Capital