Hycroft said Monday that it has hired Terry L. Wetterman, Jr. as a director. Previously, Wetterman worked at Paul Capital where he served as director of investor relations. Based in New York, Hycroft is an investment bank focused on the alternative investments market.
New York, NY, June 9, 2014 – Hycroft, LLC, a specialty investment bank focused exclusively on the alternative investments market, is pleased to announce that Terry L. Wetterman, Jr. has joined the Firm as a Director. Terry brings to Hycroft over 14 years of global private markets expertise across multiple investment strategies including buyouts, structured equity and credit, venture capital, real estate and intellectual property.
At Hycroft Mr. Wetterman will be responsible for performing due diligence on prospective clients and managing the execution of fund raising mandates, including advising clients on strategic positioning and capital-raising topics, the qualified targeting of prospective limited partners, coordination of fundraising processes, as well as advising on and documenting key partnership terms and conditions. Mr. Wetterman will also be involved in certain of Hycroft’s secondary market initiatives.
Loren A. Boston, Managing Director of Hycroft, said, “I have known Terry for many years. He brings to Hycroft exceptional private equity fund raising expertise, as well as investor relations experience. We are extremely pleased to have him on board to help Hycroft provide its clients flawless execution. He also brings to Hycroft great insight into many aspects of the secondary market as well as investor relations experience, which are important aspects of our business.
Prior to joining Hycroft, Mr. Wetterman was Director of Investor Relations at Paul Capital where he was responsible for managing global fundraising processes and communications with new and existing investors. He previously served as Vice President at BerchWood Partners, a boutique placement agent firm, where he advised domestic and international general partners regarding their fundraising efforts. Mr. Wetterman began his career as a member of the Private Equity Funds Group at Merrill Lynch & Co., where he originated and executed fund raising mandates.
Mr. Wetterman received a Bachelor of Arts in Economics and French (with Honors) from Middlebury College, and an International Program Degree in Political and Social Sciences from the Institut d’Etudes Politiques in Paris.
Hycroft is a specialty investment bank focused exclusively on the alternative investments market. We provide solutions to complex problems faced by general partners and institutional investors worldwide. The Firm provides services globally to a substantial and diverse client base, including private equity firms, hedge funds, institutional investment managers, sovereign wealth funds, corporate and public pension plans, financial institutions and high net worth individuals.
Hycroft devises strategies that enhance value for it private markets clients. Services include:
• General Partner Advisory – addressing transitional issues requiring organizational, managerial, restructuring and market making expertise
• Limited Partner Advisory – focused on proactively developing strategy, quantitative and qualitative valuations, restructurings, sales
• Capital Raising – equity and debt for funds, companies and structured vehicles
• Secondary Activities – market valuation and execution
Hycroft is led by seasoned private equity professionals who have previously worked at leading global advisory, secondary and investment banking firms, including: Bain & Co., Blackstone, Citigroup, Cogent Partners, Greenhill & Co., Merrill Lynch and Morgan Stanley. These professionals have advised and completed capital-raising mandates totaling over $100 billion, as well as advised on secondary market transactions representing over $75 billion of interests. The Firm is based in New York.