Alternative investment manager Investcorp has hired Gary Appel as vice chairman of corporate investment – North America. Prior to joining Investcorp, Appel, who is based in the company’s New York office, worked at Bear Stearns where he served as a senior managing director.
NEW YORK, Oct. 10, 2013 /PRNewswire/ — Investcorp, a leading provider and manager of alternative investment products, announced today that Gary Appel, a veteran with over 28 years in the private equity industry has joined Investcorp’s team as Vice Chairman of Corporate Investment – North America operating out of its New York office.
Mr. Appel initially joined Investcorp as an Advisory Director and member of the Investment Committee in April 2013. Mr. Appel had been a Vice Chairman with Castle Harlan, Inc. and Glencoe Capital, LLC; served as a Senior Managing Director with Bear Stearns in the late 1990’s; and also worked as a Managing Director for nearly two decades with Donaldson, Lufkin & Jenrette, Inc. – where he was also a founding partner of DLJ Merchant Banking. He currently serves on the boards of Fishnet Security, Inc. and Polyconcept Investments B.V. He also serves as an Executive in Residence of the Columbia University Graduate School of Business and as a member of the Advisory Board of its Private Equity Program.
Mr. Appel said: “For 30 years Investcorp has been a recognized leader in middle market private equity investing. I am excited to join a strong team with a global footprint for investing as we develop the next decade of Investcorp’s leadership.” Mr. Appel further commented: “In the middle market, it’s rare to have Investcorp’s reach and deep networks in key international markets. In this sense, we are uniquely positioned to harness those transatlantic capabilities.”
“The caliber of our team has always been a point of market differentiation,” commented Jonathan Dracos, Head of CI North America and Real Estate Investment. “Gary’s deep expertise and industry relationships are tremendous resources that will allow us to better source and manage relationships and ultimately create increased value for our investors. I am delighted to welcome him to our New York office.”
Investcorp is a leading provider and manager of alternative investment products and is publicly traded on the Bahrain Bourse (INVCORP). The Investcorp Group has offices in New York, London, Bahrain and Saudi Arabia. Investcorp has three business areas: corporate investment in the US, Europe and the Gulf, real estate investment in the US and global hedge funds. As at June 30, 2013, Investcorp had $10.5 billion in total assets under management. Further information is available at www.investcorp.com.