Family Office Panel: Investing in a new paradigm

Family Office Program: Investing in a new paradigm

Before CV-19 Family offices had grown in numbers and visibility and were a competitive group within the Private Equity class and ecosystem. But how has their investment thesis changed with the capital markets environment changing so dramatically. 

Come and hear from our expert panel as they shed light on:

• Family Office focus and strategy post CV-19 
• How Covid has affected Family Office investing process, policies and procedure
• How are Family Offices investing in funds, direct deals, co investments, working with independent sponsors and more. 

SPEAKERS:

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Eileen A. Aptman is the Chief Investment Officer for Belfer Management LLC, a family investment firm that emphasizes energy, real estate, financial services and certain consumer-facing businesses.  Prior to joining Belfer Management LLC, Ms. Aptman managed the small and midcap value investment strategy in the Asset Management Division of Goldman Sachs.  Ms. Aptman started her investment career as an Equity Analyst for Scott Black at Delphi Management.  Ms. Aptman has served on the Boards of Directors of public and private companies including Presidential Financial and American Midstream Partners. Ms. Aptman is currently a Director of Del Taco Restaurants and is Chair of the Compensation Committee.   Ms. Aptman is a Member of George Soros’ Open Society Foundation Investment Committee as well as the Arts & Sciences Board of Advisors and the Investment Committee of Tufts University.  She is also a Member of the Board of CodeNation and on The Brookings Council.  Ms. Aptman received a BA from Tufts University in Political Science and Asian Studies and is a CFA^® charter holder.
 

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Jennifer Garrison is the Chief Operating Officer at Verdis Investment Management and a founding member of the family office. She runs firm operations, investor relations, and asset management of directly-owned real estate.

She brings 20 years of expertise that spans corporate strategy, real estate investing, operations, marketing, and investor relations. Prior to the creation of Verdis, she held marketing and communications roles at Orcom Solutions (acquired by Alliance Data Systems), Hewlett Packard, Bluestone Software (acquired by Hewlett Packard) and Momentum Systems. Jennifer began her career at the Cendant Corporation. Jennifer earned her bachelor’s degree from the University of Kentucky.

 

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Rosemary Sagar, CFA has managed the investments of the Kingdon Foundation and charitable trusts for Mark Kingdon, founder and principal of Kingdon Capital Management LLC, a hedge fund established in 1983.  She invests in hedge funds, PE funds, late stage VC funds, secondary funds, other non-traditional strategies, as well as private direct deals and co-investments. She sits on numerous LP Advisory Committees of PE structured funds and is a member of the NY Committee of Human Rights Watch.   

As part of the family legacy established by her late father Dr. Vidya Sagar, Rosemary is a member of the Executive Committee of the IP law firm Remfry & Sagar (www.remfry.com) founded in 1827, leading in India and among the oldest worldwide. She is also Chair of The Sagar School (www.thesagarschool.org), a co-educational boarding school in Rajasthan, India.

Rosemary was Managing Director and Head of Global Investments at US Trust from 1996 to 2004, where she and her team managed $1.6bn in mutual funds, common trust funds, and separate accounts.  She chaired the Global Investment Committee and was a member of the Excelsior Venture Partners III, LLC Investment Committee. 

From 1990 to 1996, Rosemary was SVP, International Equities at GE Investments in Stamford, CT, and was responsible for managing $1.8bn for GE pension fund, NYCERS, NYC Teachers and NYC Police.  She was also Chair of GE (UK) Common Investment Fund (GE’s largest pension fund outside of North America) and a board member of the GE Netherlands Pension Fund.  Previously, Rosemary was Associate Director of European Research at Baring Securities, VP International Research at Drexel Burnham Lambert and the first international analyst hired at Morgan Stanley, reporting to Barton Biggs.  

Rosemary was a Trustee and Co-Chair of the Investment Committee of Rumsey Hall School in Washington Depot, CT from 2015 to 2019.  She was a member of the International Advisory Board of NYSE Euronext and its predecessor the Paris Bourse for 15 years from 1995 to 2010, and also served on the Advisory Boards of Comex and the Polish Private Equity Fund.  She received her MBA from Columbia University, where she was a student of Jim Rogers in Securities Analysis.  She obtained a BS from Boston University (summa cum laude, Beta Gamma Sigma) and a ‘degré superieur’, (mention “bien”) from the Sorbonne.  
 

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Katherine Hill Ritchie has worked internally for five single family offices and she has been an advisor and consultant to several prominent family offices and companies through her consulting firm, Private Capital Investments. Her previous work history includes advising Simon Group Holdings, Eden Capital, and PEX Global, an investment platform for family offices. She conducted investment research with Palladio Alternative Research SA in Switzerland and was a Senior Analyst and a member of the Investment Committee for the family office Saad Financial Services in Geneva, where she conducted due diligence and manager selection for their $3.5 billion investment portfolio. Before working in Geneva, Ms. Hill Ritchie was in New York City, where she worked as a Director for Wedge Alternatives, a family office backed fund marketing firm and also Hedgefund.net. Katherine received her MBA from the Fordham Graduate School of Business and her BS in Psychology from the University of Maryland. Her Board member activities include being Chair of the NYC ACG Family Office Committee, Global Co-Chair of Advisory Board of the Guild, the Family Office Advisory Board of TriState Capital Private Bank, the Philanthropy and Education Committees of 100 Women in Finance, Fordham Graduate School of Business Overseers Board, ASK (All Special Kids), Lighthouse Organization and Cancer101 and she has been a mentor to three MBA students.