Advanced Capital strengthens board with ambassador Joseph DeTrani

Advanced Capital has appointed statesman and politician ambassador Joseph DeTrani as a senior advisor. Advanced Capital is an European alternative investment specialist.

PRESS RELEASE

Advanced Capital, the European alternative investment specialist founded and headed up by financier Robert Tomei, has announced the hire of distinguished statesman and politician, Ambassador Joseph DeTrani, as a Senior Advisor.

A leading figure in US politics and foreign affairs, DeTrani is President of the Intelligence and National Security Alliance and Professor at Missouri State University. DeTrani’s most recent assignments include Senior Advisor to the Director of National Intelligence and Director of the National Counter Proliferation Center. DeTrani spent considerable time in North Korea as DNI Mission Manager and Special Envoy for Six-Party Talks negotiations, ranking as Ambassador and US Representative. He has spent over twenty years with the Central Intelligence Agency, holding offices such as Director for East Asia, Director of the Crime and Narcotics Center and Executive Assistant to the Director of Central Intelligence.

DeTrani graduated from New York University and gained a Certificate in Security Issues from Harvard University as well as a Certificate in Chinese from the Foreign Service Institute. DeTrani’s merit has been recognised with many awards including the Distinguished Career Intelligence Medal and the National Intelligence Distinguished Service Medal.

Robert Tomei, Chairman of Advanced Capital, said: ‘Joseph DeTrani’s expertise and deep rooted understanding of geopolitical relationships on a global scale will provide us with the invaluable insight and intelligence we need for our global investors. He will join our strong team of seasoned professionals who contribute greatly to our investment process’.

Advanced Capital’s Senior Advisory team includes Michael Spence, Nobel Prize-awarded economist and Professor of Economics at NYU Stern School of Business; Alberto Clô, former Government Minister, energy expert and Professor of Applied Economics at Bologna University; Riccardo Monti, Chairman of the new ICE and former Advisor to the Italian Economic Development Minister and Pietro Cinquegrana, Private Equity Senior Investment Professional with global expertise formerly with Morgan Stanley and Apollo Global Management.

Advanced Capital is an independent group within the alternative asset management industry focused on private equity funds of funds investments across a variety of industries and geographies. Established in 2000 by Robert J. Tomei, Advanced Capital has approximately 1 billion Dollar assets under management and offices in Milan, Lugano and Luxembourg. Advanced Capital currently manages five funds of funds, three generalists – ACI, ACII and ACIII – and two industry-specific focused on the Opportunistic Real Estate and Traditional Energy sectors – AC Private Equity Real Estate and AC Energy Fund. In 2011, Advanced Capital was ranked second best performing funds of funds manager worldwide by Preqin, the reference data provider for the private equity industry.