By the time you own part or all of a professional sports team, you’ve made it financially. In fact, numerous NFL owners grace the pages of Forbes’ newest “Richest People in America” feature, including billionaires Stanley Kroenke, part owner of the St. Louis Rams; Dallas Cowboys’ owner Jerry Jones; Robert McNair, who has a controlling [...]

Former professional football player Harris Barton has stepped down as a managing director at Capital Dynamics to start an angel investment firm called Barton Asset Management, according to Private Equity Insider. We were unable to find a website for Barton Asset Management or contact information for Barton. We’ll update this story if we’re able to [...]

Former NFL star Ronnie Lott has resigned as an executive with Capital Dynamics, the Swiss alternative asset manager that earlier this year assumed management control of funds-of-funds raised by Lott and others under the HRJ Capital brand. In a brief email obtained by peHUB, Capital Dynamics thanked Lott for “for his contributions to the company [...]

Duran Curis has joined Drum Capital Management as a managing director, focused on the firm’s special situation fund. He previously was a managing director with HRJ Capital and, before that, with LGT Capital Partners.

Quietly, Pacific Southwest Ventures has joined the likes of Gridiron Capital, Huntsman Gay Global Capital and HRJ Capital. What the firms all have in common is that they have onetime pro athletes on their rosters. Without any fanfare, placekicker Billy Cundiff, who is currently listed as a free agent, joined Pacific Southwest as an associate [...]

peHUB has learned that Capital Dynamics of Switzerland has signed an agreement to buy HRJ Capital, a Silicon Valley fund-of-funds manager that last year defaulted on a warehouse loan from Silicon Valley Bank.

Financial terms are being held close to the vest, although sources say that the transaction will include a partial repayment of the $68.9 million debt. A final close is not expected to occur for at least a month, because HRJ needs to get limited partner approval for the change of management company.

This deal would cap off a traumatic year for HRJ, a firm formed in 1999 by ex-NFL stars Harris Barton and Ronnie Lott.

What happens when even your creditor doesn’t want your assets? Troubled fund-of-funds manager HRJ Capital is in the process of finding out. Back in December, it was revealed that HRJ was unable to repay a $68.9 million warehouse loan from Silicon Valley Bank, which has essentially been used to “fund” certain outgoing LP commitments. SVB [...]

Darren Wong has joined fund-of-funds manager Adveq as a managing director in its Beijing office. He previously oversaw venture capital and Asia investing for HRJ Capital.

HRJ Capital, the fund-of-funds manager formed in 1999 by a pair of ex-NFL stars, has hit its two-minute warning.

The San Francisco-based firm is unable to pay back a $68.9 million warehouse loan it received from Silicon Valley Bank, and is now negotiating a settlement that could include SVB taking over management of HRJ’s funds (with some HRJ pros likely joining SVB). If that were to happen, SVB would use the management fees to slowly pay off the debt. Also worth noting that “negotiating” is a very soft word for what’s going on, given that SVB basically holds all the cards here.

Theodore Deutz has joined HRJ Capital as a managing director of investor relations and business development. He previously was a principal with Fontaine Partners.   PRESS RELEASE   HRJ Capital today announced Theodore J. Deutz has joined the firm as Managing Director of  Business Development and Investor Relations. In his new position, Deutz will be [...]