David Schiff, a former portfolio manager at Perella Weinberg and Andrew Dym, a former partner at the same firm, have formed Innovatus Capital Partners, a New York-based investment adviser and portfolio management firm. Joining Schiff and Dym are Andrew Hobson as partner and chief financial officer; Joseph Schottland as partner and head of research; and Amy Cohen as head of marketing and investor relations.
NEW YORK, Sept. 28, 2016 /PRNewswire/ — Innovatus Capital Partners, LLC (“Innovatus”) today announced its launch as an independent investment adviser and portfolio management firm. Established by Co-Founders David Schiff and Andrew Dym, the firm will employ a private debt and diversified asset-based strategy. Previously, as Portfolio Manager and Partner respectively, Messrs. Schiff and Dym were key members of the Perella Weinberg Asset Based Value Strategy and they bring their accomplished 16 year history of working together to Innovatus.
Headquartered in New York, Innovatus provides private capital solutions that are designed to take advantage of the opportunities created by the dislocations resulting from the accelerating rate of change in the regulatory landscape, market volatility and the accelerating pace of innovation. The firm identifies distressed, disruptive and growth opportunities with a focus on generating premium and durable income streams by partnering with industry-leading companies, establishing de novo entities, and investing in or acquiring operating businesses.
“We are excited about the launch of Innovatus and believe that through our unique investment strategy, differentiated sourcing channels and deep bench of talent, we are well-positioned to capitalize on dislocations brought on by changes in the regulatory landscape, episodic market volatility and the accelerating pace of innovation,” said Mr. Schiff, CEO of Innovatus. “With a multitude of industries facing an unprecedented pace of innovation, regulatory and shareholder pressures or limited access to credit, the universe of private investment opportunities has never been more compelling.”
Joining Messrs. Schiff and Dym in leading Innovatus is a team of senior managers with diverse backgrounds and robust investment management experience, including:
Andrew Hobson, Partner and Chief Financial Officer: Mr. Hobson joined Innovatus from Univision Communications, where he served as Senior Executive Vice President and Chief Financial Officer, leading multiple acquisitions and joint ventures throughout his 23 year tenure at the firm.
Joseph Schottland, Partner and Head of Research: Mr. Schottland joined Innovatus from McKinsey & Company where he served as Partner, leading due diligence for private equity transactions and advising companies across a broad spectrum of industries on restructuring, strategy, commercial and operational performance improvements.
Amy Cohen, Head of Marketing and Investor Relations: Ms. Cohen previously worked with Messrs. Schiff and Dym at Perella Weinberg Partners where she served as Managing Director – Product Strategist for the Asset Based Value Strategy.
Mr. Dym, President of Innovatus said, “With the retreat of traditional lenders, we could not think of a more opportune time to implement our proven strategy of identifying and capitalizing on misunderstood and mispriced private market opportunities. We have designed the firm to be the capital partner of choice for corporations facing distress and disruption as well as tackling new avenues of growth. We are all very excited by the launch of this endeavor.”
Additionally, Innovatus announced that Israel “Izzy” Englander, the Founder, Chairman and Chief Executive Officer of Millennium Management LLC, will join the advisory board of the General Partner and act as Strategic Advisor. Mr. Englander will leverage his financial and management experience as well as his extensive network to provide counsel to Innovatus and support its growth and development.
About Innovatus Capital Partners
Innovatus Capital Partners, LLC, is an independent adviser and portfolio management firm with ~$1.9B in assets under management. The firm adheres to an investment strategy that identifies distressed, disruptive and growth opportunities in the less obvious market segments across multiple asset categories. Through deep industry networks and experience across asset classes, Innovatus will acquire or create assets with a focus on premium and durable income streams. Innovatus will invest through various channels including joint ventures and/or partnerships with industry-leading companies, the creation of de novo entities, and investments in or acquisitions of established companies. A unifying theme of Innovatus’ investment strategy is capital preservation and income generation. More information about Innovatus Capital Partners can be found at www.innovatuscp.com.