A team led by three former executives from Dallas-based advisory firm Aldus Equity plan to start a new advisory firm focused on investing alongside emerging managers, a source familiar with their plans told Reuters News.
The team, led by former Aldus Equity partner Marcellus Taylor, is hoping to attract investors who may see such managers, which typically don’t have an existing track record of raising and running a fund, as a better bet than putting money in more established funds.
The target launch for the new shop, which will also be headquartered in Dallas, will be sometime late in the first quarter, the source said. Taylor left Aldus Equity earlier this year and two of his former colleagues, Kevin Sample and Wayne Greene, are joining him in the venture, the source said.
Aldus Equity confirmed the departures to Buyouts, saying Taylor resigned in January. It noted that Taylor had moved to “a reduced role in client management and investment decisions” for roughly the preceding 18 months. It also added that: “Kevin Sample and Wayne Greene served in supporting roles at Aldus and were not a part of any component of the investment process for funds or co-investments. There have been no changes to our client service staffing due to this departure.”
Aldus Equity is a boutique alternative investment management and advisory firm. It manages funds that invest directly in other private equity funds, and it’s currently managing or advising on more than $6 billion from institutional clients. Deutsche Bank Asset Management bought a minority stake in the firm in 2007.