B. Riley Financial has appointed Martin Bernstein as the head of private investments of its investment division, B. Riley Principal Investments.
In this newly created position, Bernstein will oversee sourcing, underwriting, and managing investments with private firms. He will also lead distribution to the company’s syndication partners.
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Bernstein, who is joining the company from Anchorage Capital Group, has experience in originating, underwriting, and investing in public and private equities.
He also has experience in handling credit, bank debt, distressed debt, and restructuring situations in transportation, automotive, aerospace, manufacturing, power, and infrastructure among other sectors.
Prior to Anchorage, Bernstein worked as an analyst at San Francisco-based investment firm Bocage Capital and was part of the investment team for the endowment at Howard Hughes Medical Institute.
Bernstein commented: “I am excited to join this growing platform and believe B. Riley’s unique combination of capital markets and operational expertise makes the firm a compelling partner for investors and companies alike.
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By GlobalData“We believe we are well-positioned to capitalize on the proprietary opportunities that B. Riley’s diverse platform generates, and I look forward to working closely with Dan and the entire B. Riley team in contributing to the firm’s well-established track record of delivering value for partners and shareholders.”
As head of private investments, Bernstein will work closely with B. Riley Financial chief investment officer Dan Shribman as part of the B. Riley Principal Investments team.
Shribman said: “We are pleased to welcome Marty to B. Riley. As a firm, B. Riley employs an active investment strategy of providing debt and equity financing to client-partners.
“Our investment portfolio has primarily focused on public companies over the last several years and expanding our mandate to private companies is an exciting opportunity to enhance value for our partners and shareholders.”
Last year, B. Riley invested in IQvestment Holdings, a fintech company that provides a B2B e-commerce platform.
