Yesterday, longtime fund manager Maria Boyazny announced she’d be leaving Siguler Guff to launch her own multifund platform, MB Global Partners. Today, Siguler Guff appointed James Gereghty to fill her shoes as the head of the firm’s four distressed opportunities funds, which Gereghty previous co-managed with Boyazny. Details below.
Siguler Guff & Company, LP announced today that it has named James G. Gereghty as the head of its four Distressed Opportunities Funds. Mr. Gereghty previously co-managed the funds together with Maria Boyazny, who announced her departure from the firm yesterday. Mr. Gereghty had previously been primarily responsible for the direct investment portfolio of the firm’s Distressed Opportunities Funds. The firm has also announced that is has appointed distressed team member Marianna Fassinotti to oversee the funds’ relationships with its underlying general partners. Mr. Gereghty will continue to report to the firm’s founding partner and Chief Investment Officer, George Siguler.
Commenting on the appointments, George Siguler said, “Jim Gereghty has done a terrific job for our investors managing our funds’ direct investments portfolio. He has produced superior returns in complex and volatile markets for debt restructurings and bankruptcies. He has earned the respect of the entire distressed team and all our investors. With 15 years of experience, he is a well-known investor in distressed circles”.
Gereghty, age 40, leads a team of 7 professionals covering all aspects of the distressed markets. Complementing Mr. Gereghty’s distressed securities team at Siguler Guff is the distressed real estate team, headed by James Corl, former CIO of asset manager Cohen & Steers. Combined, Siguler Guff’s distressed investing team has over 120 years of experience in the sector.
Gereghty joined Siguler Guff in 2008, having previously headed the Distressed Debt Analytics Group at UBS. Prior to that, he was a senior member of the distressed debt research teams at Morgan Stanley and Bear Stearns. As an investor, he has served on numerous ad hoc bankruptcy committees. Mr. Gereghty earned his undergraduate degree from the University of Connecticut and received his MBA from Duke’s Fuqua School of Business. He also holds a CFA accreditation. Ms. Fassinotti also previously worked at UBS in their distressed debt group. She earned her undergraduate degree from Harvard University and MBA from Dartmouth’s Tuck School of Business.
Mr. Gereghty said, “The distressed debt investing space is more attractive – and more complicated – than it has ever been. Global de-leveraging and bankruptcies will create opportunities en masse. Our goal is to continue to find those unique opportunities that will continue to outperform all other asset classes.”
About Siguler Guff & Company, LP
Siguler Guff is a multi-strategy private equity firm which manages over $9 billion in assets for major institutional investors such as public and private pension funds, endowments and foundations and sovereign wealth funds. The firm was founded in 1995 by its principals. The firm has over 115 employees managing its various funds in offices in New York, Boston, Chicago, Shanghai, Moscow, and a local affiliate office in Mumbai. To learn more about Siguler Guff, please visit www.sigulerguff.com.