NEW YORK, Sept. 6, 2023 – 26north Partners LP (26North), the innovative alternatives platform founded by Josh Harris, has announced the addition of seven seasoned partners to its leadership team. This strategic expansion coincides with the firm’s first anniversary and a significant milestone: assets under management (AUM) have surged to $12.7 billion.
The new partners bring a wealth of experience spanning private equity, operations, direct lending, and insurance, bolstering 26North Partners’ capabilities across key investment areas.
“I am incredibly excited to welcome these exceptional leaders to 26North,” stated Josh Harris, Founder of 26North Partners. “Their collective expertise and entrepreneurial spirit are perfectly aligned with our vision for building a next-generation alternatives platform. The substantial growth we’ve experienced in our first year is a direct result of our team’s dedication and the capabilities we are building for the future. These additions further strengthen our commitment to delivering for our limited partners.”
The distinguished new partners joining 26North Partners are:
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Larry Berg, Partner, Private Equity: Mr. Berg joins from Apollo Global Management, where he was a Senior Partner. His extensive background as a business leader and investor includes serving as Chairman of McGraw-Hill Education and board positions at numerous prominent companies such as ABC Supply and Rent-A-Center. At 26North, he will work closely with Mark Weinberg, Head of Private Equity, to further develop this critical area.
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Jon Garcia, Partner, Private Equity and Head of Alpha Creation Team: With over 25 years of experience from McKinsey & Company, where he was a Senior Partner, Mr. Garcia will lead 26North’s Alpha Creation Team. This team will focus on driving performance optimization and transformative growth within portfolio companies, leveraging Mr. Garcia’s proven track record of generating substantial EBITDA improvements for clients.
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Andrew Rabinowitz, Partner and Head of Operations, Finance and Legal: Mr. Rabinowitz brings over 30 years of asset management industry experience to 26North Partners. Most recently Co-CEO at K2 Integrity, he previously spent nearly two decades at Marathon Asset Management as President and COO. His operational expertise will be crucial in supporting 26North’s continued expansion. Notably, Mr. Rabinowitz is also the co-founder of the R Baby Foundation, highlighting his commitment beyond the financial industry.
Expansion of Direct Lending Capabilities at 26North Partners
Further strengthening its investment platform, 26North Partners is launching a Direct Lending business, supported by three additional partner appointments:
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David Yu, Partner and Head of Credit: Joining from Goldman Sachs Asset Management Private Credit Group (GSAM PCG), where he was a Managing Director and Investment Committee member, Mr. Yu will lead 26North’s credit strategies. His deep experience in private credit and investment management will be invaluable to this new vertical.
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Michael Mastropaolo, Partner and Co-Head of Origination: Formerly a Managing Director at Goldman Sachs and Investment Committee member of GSAM PCG, Mr. Mastropaolo co-led Origination for GSAM PCG. His origination expertise will be critical in building out 26North’s Direct Lending portfolio.
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Jordan Walter, Partner and Co-Head of Origination: Mr. Walter also joins from Goldman Sachs, where he was a Managing Director, Investment Committee member of GSAM PCG and Co-Head of Origination for GSAM PCG. His partnership with Mr. Mastropaolo ensures a strong and experienced leadership team for Direct Lending origination at 26North Partners.
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Jorge Beruff, Partner, Insurance and Private Origination Platforms: Mr. Beruff brings expertise in the insurance sector, joining from 777 Partners where he was Head of Insurance. His background in investment banking at GE Capital and JP Morgan further strengthens his capabilities in private origination and insurance-related strategies for 26North Partners.
About 26North Partners
26North Partners LP is an integrated, multi-asset class investment platform established and led by Josh Harris. 26North Partners provides sophisticated investment advice and access to diverse investment opportunities across private equity, credit, insurance, and reinsurance solutions. The firm is dedicated to helping clients achieve their financial objectives while fostering positive impacts within the communities in which it operates. With $12.7 billion in assets under management, 26North Partners is positioned for continued growth and innovation in the alternative investments landscape.
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