Los Angeles-based private equity firm Aurora Capital Group has promoted five to new posts with its Aurora Private Equity and Aurora Resurgence funds. In the private equity fund, David Alpern was promoted to partner, and Michael Marino was promoted to principal. Joshua Phillips was promoted to partner with Aurora Resurgence, a special situations fund focused on middle-market companies facing operational or financial challenges. Peter Leibman and Ryan McCarthy were both promted to principal with Aurora Resurgence.
Aurora Capital Group (“Aurora” the “Company”), a Los Angeles-based private equity firm with over $2.0 billion of assets under management, today announced that it has made the following promotions within Aurora Private Equity and Aurora Resurgence. These promotions reflect the depth and breadth of the firm’s management team.
Aurora Private Equity
* David Alpern, Partner
* Michael J. Marino, Principal
* Joshua Phillips, Partner
* Peter Leibman, Principal
* Ryan McCarthy, Principal
Gerald L. Parsky, Chairman of Aurora Capital Group, said, “Aurora is focused on firm culture and on developing talent from within. We believe having a team committed to building long-term careers with Aurora creates an environment that attracts and retains the highest caliber professionals. It also allows us, from an investment perspective, to take a long-term view on risk that is aligned with our Limited Partners’ and to stay disciplined to a strategy meant to generate outstanding returns through all economic cycles. Congratulations to Dave, Michael, Josh, Peter and Ryan on this well-deserved recognition.”
John T. Mapes, Managing Partner of Aurora Private Equity, said, “Dave and Michael are outstanding investors and contributors to the private equity team and – together with the recent promotions on the Resurgence side of the firm – represent an exceptional depth of talent at Aurora, which positions us for our future success.”
Anthony DiSimone, Managing Partner of Aurora Resurgence, said, “We proudly acknowledge the accomplishments of Josh, Peter and Ryan, three highly talented members of our investment team. They have been integral contributors to Aurora Resurgence’s successes and we look forward to continuing to benefit from their expertise. We congratulate them, as well as those promoted at Private Equity.”
David Alpern, Partner, Aurora Private Equity
Mr. Alpern is a Partner of Aurora Private Equity. Mr. Alpern joined Aurora in 2006, following the completion of a master’s degree in business administration from Harvard Business School. Previously, Mr. Alpern served as an Associate with GTCR Golder Rauner, a Chicago-based leverage buyout firm, and prior thereto as an investment banking analyst within Credit Suisse First Boston’s Global Industrial & Services practice. Most recently, Mr. Alpern served as a Manager in the Corporate Development/Merger & Acquisition Group at Microsoft Corporation. Mr. Alpern currently serves on the Boards of RecoverCare and NuCO2.
Mr. Alpern received a BA in History from the University of Michigan and an MBA from Harvard Business School.
Michael J. Marino, Principal, Aurora Private Equity
Mr. Marino is a Principal of Aurora Private Equity. He joined Aurora in 2003 and then rejoined the firm after earning a master’s degree in business administration from Harvard Business School. Previously, Mr. Marino was a member of the Mergers & Strategic Advisory / Industrials Group of Goldman, Sachs & Co in New York. Mr. Marino currently serves on the Board of Directors of Anthony International, Douglas Dynamics and Porex.
Mr. Marino received a BA in Economics, with honors, from Boston College and an MBA from Harvard Business School.
Joshua Phillips, Partner, Aurora Resurgence
Mr. Phillips is a Partner with Aurora Resurgence. Previously, Mr. Phillips was a Principal at American Capital Strategies where he focused on both control equity investments and debt financings for middle market companies. While at American Capital Mr. Phillips served on numerous boards of directors of portfolio companies. Prior to American Capital, Mr. Phillips was an Associate in the investment banking department of Jefferies & Company, Inc. At Jefferies & Company, Mr. Phillips executed high yield bond offerings, restructuring assignments and distressed merger and acquisition engagements for middle market companies.
Mr. Phillips received a BA from the University of California, Los Angeles and an MBA from Harvard Business School.
Peter Leibman, Principal, Aurora Resurgence
Mr. Leibman is a Principal with Aurora Resurgence. He was formerly a Manager at Bain & Company, a leading consulting firm. While at Bain, Mr. Leibman led turnaround / performance improvement, merger and acquisition, and strategy engagements across a variety of industries for businesses in North America and Europe and had extensive experience in commercial due diligence, financial valuation, strategy development and taskforce leadership.
Mr. Leibman received a BA from Northwestern University and an MBA from the University of Chicago.
Ryan McCarthy, Principal, Aurora Resurgence
Mr. McCarthy is a Principal with Aurora Resurgence. He was formerly a Senior Director at Alvarez and Marsal, a leading consulting and turnaround management firm. While at Alvarez and Marsal, Mr. McCarthy led turnaround and restructuring engagements and served in numerous interim management roles including COO, CFO and Treasurer. Mr. McCarthy held management roles at several companies including Warnaco, National Century Financial Enterprises and Movie Gallery. Mr. McCarthy was previously an investment banking Analyst at Banc America Securities.
Mr. McCarthy received a BS in Accounting and Finance from the Kelly School of Business at Indiana University and attended Boston University’s International Business program in London, England.
About Aurora Capital Group
Aurora Capital Group is a Los Angeles-based private investment firm managing over $2.0 billion of capital across several private equity funds. Aurora’s traditional private equity vehicle, Aurora Equity Partners, focuses principally on control-investments in middle-market businesses with leading market positions, strong cash flow profiles, and actionable opportunities for growth in partnership with operating management. Aurora’s special situations fund, Aurora Resurgence, invests in debt and equity securities of middle-market companies and targets complex situations that are created by operational or financial challenges either within a company or a broader industry. Aurora’s investors include leading public and corporate pension funds, endowments and foundations active in private equity investing. For more information about Aurora Capital Group, visit www.auroracap.com or www.aurorares.com.