NEW YORK, Sept. 6, 2023 – Marking its first anniversary, 26 North Partners LP (26North), an innovative alternatives platform established by Josh Harris, has announced a significant expansion of its leadership team. Seven seasoned professionals, each bringing extensive expertise across the asset management spectrum, have joined the firm as partners. These new additions include Larry Berg, Jon Garcia, Andrew Rabinowitz, David Yu, Michael Mastropaolo, Jordan Walter, and Jorge Beruff, signaling a major move for 26 north partners as it strengthens its market position. Alongside this strategic team expansion, 26 north partners also reported impressive growth in its first year, with total assets under management (AUM) reaching $12.7 billion.
This influx of talent is set to deepen 26 north partners‘ capabilities in key areas such as private equity, operational excellence, direct lending, and insurance solutions. “I am incredibly excited to welcome these exceptional leaders and business builders to 26 north partners. They share the core values and vision that underpin our firm,” stated Josh Harris, Founder of 26 north partners. “The substantial growth we’ve experienced in our first year is a clear indication of the strength of our approach and the potential for the future. I am eager to collaborate with these new partners as we continue to build a next-generation platform that delivers for our limited partners.”
Larry Berg joins 26 north partners as a Partner focusing on private equity initiatives, collaborating closely with Mark Weinberg, Head of Private Equity at the firm. Berg brings a wealth of experience as a business leader and investor, previously serving as Senior Partner at Apollo Global Management. His extensive board experience includes tenures as Chairman of McGraw-Hill Education and board member roles at companies like ABC Supply and Rent-A-Center, further enhancing the expertise within 26 north partners.
Jon Garcia assumes the role of Partner and Head of 26North’s Alpha Creation Team. This team will be dedicated to optimizing performance and driving transformative business improvements across the firm’s portfolio companies. Garcia’s background includes over 25 years at McKinsey & Company, where he was a Senior Partner and governing board member. His track record includes leading programs that generated over $10 billion in EBITDA improvements for numerous clients, making him a valuable asset to 26 north partners.
Andrew Rabinowitz joins 26 north partners as Partner and Head of Operations, Finance, and Legal. With over three decades in the asset management industry, Rabinowitz was most recently Co-CEO at K2 Integrity, a global risk and consulting firm. Prior to that, he spent nearly 20 years at Marathon Asset Management, serving as President and COO. His broad operational experience will be crucial as 26 north partners continues to scale. Adding to his impactful profile, Andrew is also a co-founder of the R Baby Foundation, supporting children’s hospitals globally.
Expanding its credit capabilities, 26 north partners welcomes three partners to launch its Direct Lending business, under the leadership of Brendan McGovern. David Yu joins as Partner and Head of Credit. Previously a Managing Director at Goldman Sachs, Yu was an Investment Committee member of Goldman Sachs Asset Management Private Credit Group (GSAM PCG) and Head of Research for GSAM PCG. Michael Mastropaolo and Jordan Walter join as Partners and Co-Heads of Origination. Both were Managing Directors at Goldman Sachs and served on the Investment Committee of GSAM PCG, as well as Co-Heads of Origination for GSAM PCG. Their collective experience significantly strengthens 26 north partners‘ direct lending platform.
Jorge Beruff joins 26 north partners as a Partner focusing on Insurance and Private Origination platforms. Beruff’s background includes serving as Head of Insurance at 777 Partners and prior investment banking roles at GE Capital and JP Morgan. His expertise will be instrumental in developing 26 north partners‘ insurance-related investment strategies.
About 26North Partners
26 north partners is an integrated, multi-asset class investment platform founded and led by Josh Harris. The firm provides expert investment advice and access to diverse investment opportunities across private equity, credit, and insurance and reinsurance solutions. The team at 26 north partners, led by Josh Harris, brings decades of experience in managing third-party capital, committed to helping clients achieve their financial objectives and create a positive impact in their operating communities. With $12.7 billion in assets under management, 26 north partners is poised for continued growth and success in the alternatives investment landscape.
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SOURCE 26North
