Top Bank Executives Join Capital Z

April 07, 2003 at 08:00 PM
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New York (HedgeWorld.com)–Capital Z Investment Partners, a $2.25 billion hedge fund and private equity investor that incubates and takes equity stakes in managers, added a new partner as well as other professionals.

John Crocker has joined Capital Z as senior vice president and partner. He comes from Credit Suisse First Boston's private equity fund of funds vehicle, where he was also a partner. Before that he helped build the alternative investments business at Donaldson, Lufkin & Jenrette.

Mr. Crocker joins Capital Z partners Laurence Cheng, Scott Delman and Sharissa Jones in New York and Vincent Fan in Hong Kong. His new job is to identify and evaluate private equity sponsorship opportunities and provide guidance to Capital Z portfolio fund managers.

In addition to Mr. Crocker, in the past four months CZIP hired Mike Bolner, John Kim, Allyson Hausner and Harlan Zimmerman. Mr. Bolner and Mr. Kim were previously senior members of JP Morgan's private fund group. At CZIP they will evaluate investment opportunities and work with sponsored funds to attract capital.

Ms. Hausner comes from Citigroup Alternative Investments. She has signed on as Capital Z's marketing communications director and will work with sponsored funds on their communications strategies.

Mr. Zimmerman spent seven years at the F&C Group (formerly Foreign & Colonial), a London-based asset management company. He will focus on finding both hedge fund and private equity opportunities in Europe and work with European funds that CZIP is sponsoring.

"Our business is growing, and we are continuing to hire some of the best expertise in alternative investing," commented Scott Delman, Capital Z president, in a statement. "They will greatly enhance our existing team and help us take Capital Z to the next level."

Capital Z is facing some changes. Its joint venture partner, the Zurich Financial Services Group, is reportedly changing owners due to the financial difficulties of the parent bank. Separately, a Capital Z executive, Mark Hanley, recently has left the firm. He was in charge of marketing and sales.

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