Founder and CEO Jeff Baehr created RueOne in 2016 on the realization that the current private investment value chain is broken and doesn't serve investors or companies well. Jeff began his career working for large institutional investors and for the second half of his career ran a family of hedge funds. As a result of these collective experiences, Jeff became familiar with the challenges for investors and companies alike in the post-2008 marketplace.
Times have changed
Investors today increasingly prefer direct and co-investments for their private equity and venture capital allocations. However, quality remains an issue as compelling opportunities are difficult to source and properly diligence. By offering a unique value proposition to companies looking to raise capital, RueOne has created a repeatable source of proprietary deals. Furthermore, each opportunity undergoes due diligence by our team of senior investment professionals and subject matter experts ensuring that every opportunity originated by RueOne is properly qualified.
Management Team and Board of Directors
Our team is comprised of senior investment professionals from banking, private equity, venture capital, and the hedge fund industry.
RueOne's Operating Partners have extensive hands-on operational expertise in their respective industry and assist the investment team in conducting due diligence, structuring, and monitoring specific investments on an on-going basis. Operating Partners take an active role in creating value for portfolio companies.
RueOne's Advisory Council provides the investment team and Board of Directors access to 30+ year industry veterans with significant transactional expertise in their respective fields. They provide assistance through the investment process.
Founder & Chief Executive Officer
Jeff is a member of the Board of Directors and is a member of the Board's Nominating & Governance Committee and its Investment Committee. Based on his own experience running and investing in hedge funds, Jeff founded RueOne in 2016 with the realization that the prevailing commingled fund model for investing in alternatives was failing both investors and managers alike. At the same time Jeff recognized that innovative financial technology, regulation and investor interest in new fund models had coalesced to provide an opportunity for the next generation of alternatives investment firms. RueOne is the new generation. Jeff brings more than 15 years of experience in the hedge fund industry as a fund manager and executive with a strong track record for sourcing new managers and investments. In 2007 he founded Empiric Asset Management, LLC, a family of hedge funds where he raised over $150MM and outperformed equity and energy indices through the Empiric Strategic Income Funds & Empiric Market Neutral Funds. Earlier in his career, Jeff was the Director of Research for ARIS Capital Management, LLC, a New York-based fund of hedge funds which employs a global multi-strategy investment approach. While at ARIS, he was responsible for conducting investment and operational due diligence on potential hedge fund investments in addition to serving on the investment committee. Jeff also held positions at The Carlyle Group, Deutsche Bank Advisors and The World Bank and Strategic Financial Solutions. He is an honors graduate of The George Washington University.
Partner & Chief Financial Officer
David is a member of the Board of Directors and is a member of the Board's Audit & Finance committee. As part of his responsibilities as CFO, David provides oversight for all of RueOne's accounting and controller functions. Prior to joining RueOne, he was Director of Research at Empiric Asset Management, LLC, a New York-based alternative investment firm. As a key member of the investment team, David had primary responsibility for developing trading models, performing quantitative and qualitative stock analysis, and leading compliance and operational initiatives. Previously, he was a Senior Analyst at ARIS Capital Management, LLC, a New York-based fund of hedge funds with a global multi-strategy investment approach. At ARIS, he performed qualitative and quantitative due diligence on managers and provided his direct input on investment decisions. He also analyzed the risk of portfolios and the underlying funds by monitoring exposure, correlation, performance and overall economic environment. David graduated Magna Cum Laude with a BA in Economics from New York University.
Partner & Chief Operating Officer
Stephen is a member of the Board of Directors and is a member of the Board's Nominating & Governance Committee and its Legal, Compliance and Cybersecurity Committee. With 20 years working in institutional capital markets, Stephen brings a breadth of experience from across the financial services industry. Previously he was Managing Director at Royal Bank of Scotland for six years, where he was most recently the Head of U.S. Investor Products and Equity Derivatives. In this role he developed the U.S. equity derivative business, dealing with large institutional investors, global corporates, and distributing structured alternative investment products. Prior to that, Stephen was a Principal in Equity Products at Banc of America Securities, LLC, where he managed large institutional investor relationships for cross-asset solutions. He also spent nine years as a SVP for J.P. Morgan Securities, Inc., where he managed the equity-linked and convertible securities business. Stephen began his career in consulting at Coopers & Lybrand. He holds a Master of Business Administration from Northwestern University's Kellogg School of Management and a Bachelor of Arts in Economics from Amherst College. Stephen also holds the FINRA Series 7, 63, 9, 10 and 24 designations.
Michael Yoon has over 20 years of executive management experience in technology and product in diverse environments from startups to large corporations. He is currently on the Board of Directors of Pleiades Robotics, a start-up that builds autonomous drones, and is interim CTO at Thnks, a business gifting startup. Most recently, he was the CTO and head of Product at MiMedia, a consumer cloud startup company with global partnerships in the mobile handset and telecom industries where he developed the product from 0 to 1.5M users and helped raise 25M in funding. Michael was also CTO for Smarton, a Kaplan TechStars digital education company bringing higher education courses to institutions in India. Earlier, Michael was Executive Director at Morgan Stanley where he led the Architecture Round Table for establishing technology strategy and best practices throughout the enterprise and was responsible for master data management and big data services. Prior to joining Morgan Stanley, Michael was VP Engineering at Barnes & Noble.com, a Fortune 500 e-commerce retailer overseeing software development through the online and digital expansion growing from $100M to over $1B in annual revenue. Before joining BN.com, Michael co-founded two companies, and earlier in his career, he built electronic trading systems and high transaction market monitoring systems at Bloomberg LLP. Yoon holds an MBA in Finance with Honors from Columbia Business School and a Bachelor of Engineering in Electrical Engineering from McGill University, Canada.
Partner & Head of Business Development
Matthew is Head of Business Development and a Partner at RueOne. Matthew brings a decade of experience in Intermediary and Institutional Relationship Management and Sales. His responsibilities at RueOne include growing and nurturing relationships with RIA’s, family offices and institutions, as well as the development, implementation and oversight of the distribution of investments to RueOne investors. Matthew has built a successful distribution network by utilizing a consultative approach to creating an ecosystem of Investment Advisors, Research Analysts and Institutional Consultants at various firms. Most recently, Matthew a Vice President & Senior Regional Director in the Washington D.C. Metro area for Neuberger Berman where he successfully sold the company’s investment portfolios through multiple platforms including Liquid and Illiquid Alternatives, Closed End Funds, Open End Mutual Funds and Separately Managed Accounts. In 2014, Matthew was nominated for the Roy Neuberger Award (Regional Director of the Year). He began his career in finance at Westco Financial Group as a Registered Representative. Matthew earned a B.S.B.A. in Marketing from the Busch School of Business and Economics at The Catholic University of America. He holds the FINRA Series 7, 63 and 65 designations.
Partner & Chief Investment Officer
Brian is a member of the Board of Directors and is a member of the Board's Investment Committee. Brian has developed innovative and successful investment strategies for more than 20 years in the asset management and corporate real estate industries. Previously, he was Principal at Federal Street Partners, a hedge fund of funds and advisor, where he led portfolio management and research in the Americas for institutional and high-net-worth portfolios. Brian was also a Managing Director and investment committee member at Aetna Capital Management, an investment spin-off from the Fortune 50 insurance company. For over a decade, he worked for the A. Alfred Taubman family office providing due diligence and continuing evaluation of both direct and fund investments across a broad range of asset classes, strategies, and geographies. Earlier in his career, he directed financing for Taubman Centers, the regional shopping mall REIT and from 1989 to 1991 he pursued real estate development and construction management in Boston and the surrounding areas. Brian is a frequent speaker and commentator on issues related to alternative investing and emerging asset managers. Currently, he serves on the investment committees of the Unitarian Universalist Association and his local congregation. Brian holds an MBA in Investment Management and Finance from the Columbia Business School and a Bachelor of Science in Mechanical Engineering from the Massachusetts Institute of Technology (MIT).
Chairman of the Board
Mr. Brown is Chairman of the Board of Directors of RueOne. He is also an independent director on the Audit Committee and on the Investment Committee. Mr. Brown has led a storied career in finance spanning more than 35 years and that has included significant roles in private equity and investment management as well as a number of board positions. Most recently Mr. Brown served as a managing director of Dyal Capital Partners and the head of its Business Services Platform. New York-based Dyal is a private equity subsidiary of Neuberger Berman and focuses on making strategic investments in leading alternatives firms.
During his tenure at Dyal, Mr. Brown was a key business leader, as the firm grew from a start-up to over $6 billion in three permanent capital funds and 25 full-time professionals. Previously he was Managing Director at the private equity firm SeaCap Partners, LLC. Mr. Brown also spent over nine years with Bear Stearns Asset Management where he served as the Chief Development Officer for over four years and Global Head of Institutional Sales for almost five years. He started his career in finance with Morgan Stanley in 1985. Mr. Brown holds an MBA from UCLA, a JD from the University of Wisconsin Law School and a BA from the University of Wisconsin. He is a Governance Fellow of the National Association of Corporate Directors and holds the Series 7, 16, 24, 63 and 65 FINRA licenses.
Mr. Wages is an independent director and member of the Investment Committee of the Board of Directors of RueOne. Mr. Wages is currently Managing Director of Gazelle Capital Advisors, a Pennsylvania-based consulting firm that advises family investment offices. From 2010 to 2016, Mr. Wages served as Head of Private Equity at Emirates International Investment Company (EIIC), a private family office in Abu Dhabi, UAE, where he originated and executed PE transactions, as well as oversaw the group's extensive PE portfolio comprised of direct investments, co-investments and fund investments, across both emerging and developed markets. Prior to this role, Mr. Wages was the Executive Director of Private Equity for the Abu Dhabi Investment Company (InvestAD), where he executed leveraged buy-outs in the MENA region and oversaw the Company's international PE fund portfolio. Previously, Mr. Wages was a managing director at Castle Harlan, a New York-based middle market buyout firm, where he began his career in private equity in 1987, and was involved in all aspects of investment acquisitions, divestitures, financings and portfolio company oversight.
Mr. Wages obtained his bachelor's degree in Chemistry from Princeton University and his master's degree in Computational Finance from the University of Washington. He holds Chartered Financial Analyst (CFA), Chartered Alternative Investment Analyst (CAIA), and Financial Risk Manager (FRM) designations.
Real Estate Development Expert
Daniel brings nearly 35 years of diverse experience structuring, managing and executing complex real estate transactions in a variety of capacities. Daniel has previously served on the senior management teams for several international real estate firms while directing regional offices in Denver, San Francisco and Washington, DC. Independently, he has provided real estate advisory services nationally to clients such as Wells Fargo Bank, Hines, Union Pacific Railroad, ORIX Corporation, the E-470 Public Highway Authority and JP Morgan. Most recently, Daniel was SVP / Managing Director of Commercial Real Estate for Denver International Airport. In this multi-faceted role, he oversaw the "DEN Real Estate" focused on 17,000 acres targeted for commercial mixed-use development. Responsibilities included negotiating development agreements and leading the planning, entitlement and financing of a 400-acre transit-oriented development. Some of Daniel's additional roles have included advising bank clients and owners of distressed assets; Director of Land Acquisition & Development for Oakwood Homes, the largest privately held Colorado community developer and homebuilder; and Director of Development, ServiceStar Development Company where he developed and managed upscale retail projects nationally. Earlier in his career, Daniel held a variety of executive roles at pre-eminent real estate firms including LaSalle Partners, ORIX Real Estate Equities and the Prudential Real Estate Group.
Office and Hotel Real Estate Expert
Jim is a senior commercial real estate veteran with more than 35 years of experience in the commercial real estate industry and has been involved in the acquisition, development, management and disposition of over 100 retail, office, industrial and multifamily properties totaling over 20 million square feet located in 22 states and Canada. Jim is currently Managing Principal at Purinton Development, LLC, which was founded in 2004. At Purinton, Jim has overseen a large number of commercial real estate transactions that includes the sourcing, underwriting and closing on unique value-add acquisitions and development opportunities, as well as related equity and financings for retail properties, restaurants, shopping center sites, and retail condominiums. He has also provided significant brokerage, management and real estate consulting services that have included representing more than 1000 brokers; analyzed dozens of leases for Fortune 500 clients; and assisted in deal structuring and asset management for a variety of properties. Previously, Jim was a Senior Managing Director for Alliance Commercial Partners where he oversaw investment, financing / fundraising, development and advisory activities for the company. For 16 years, Jim was also President and CEO of ORIX Real Estate Holdings, where he presided over 90 employees across nine offices in the U.S. Operations including investment/development and asset management ($1.35 billion of properties), marketing and leasing ($10M sf), dispositions (8.5M sf), finance/fund raising, joint venture sourcing and accounting/administration functions.
Private Equity and Credit Expert
John Siciliano has over 30 years of experience in the financial services industry as a senior executive at several prominent global financial institutions. John is currently Managing Director and Global Strategy Leader in the Global Asset Management Advisory Practice at PwC, providing advice in the areas of strategy, product, distribution, operations and finance to leading asset managers around the world. John leads the firm's global strategy practice in the asset management industry. His expertise is in defining strategic, business and operational challenges; outlining and assessing potential solutions; and leading management teams to agreement on and implementation of business strategies. Prior to joining PwC, John was CEO of the six independent money management firms, with $100 billion in AUM, owned by New York Life including McKay Shields, Madison Square Investors, McMorgan & Company, New York Life Capital Partners, and Institutional Capital. In addition, he led the company's entry into the Fund of Hedge Funds business with the acquisition of Private Advisors in Richmond, Virginia. Prior to joining New York Life Investments, John was Co-Managing Partner of Grail Partners LLC, a merchant bank focused on investing in and providing advisory services to the investment management industry. Before joining Grail, John was the Chairman, President and Chief Executive Officer of BKF Capital Group, Inc., a NYSE listed company; the head of the global institutional business for Dimensional Fund Advisors; and a Managing Principal of Payden & Rygel, as well as President of its mutual fund company. Earlier in his career, John was Executive Vice President and CFO of Technicolor, Inc., an entertainment services company. Prior to Technicolor, he co-led Prudential Securities' west coast investment banking practice. Before joining Prudential, he founded and led Smith Barney's Los Angeles investment banking practice in the southwestern U.S. John has a B.A. from Pomona College and an M.B.A. from the Stanford University Graduate School of Business. He serves on the Board of Leaders at the Marshall School of Business at the University.
Mr. Stastney is chair of the Legal, Compliance and Cybersecurity Committee of the Board of Directors of RueOne.
Hoyt Stastney is currently the General Counsel and Chief Compliance Officer at Bronfman E.L. Rothschild, a wealth management firm, and is a member of its Executive Committee. Stastney has built a prominent law career in financial services with a practice focused on securities, corporate finance, investment management, financial institutions, mergers and acquisitions, corporate governance and general corporate law.
In his role for Bronfman E.L. Rothschild, Stastney oversees all legal and compliance functions for the firm, and heads up strategic initiatives, including the firm's M&A activities. Stastney previously spent more than 19 years as a partner in the Milwaukee office of the national law firm of Quarles & Brady, where his focus included securities, investment management, mergers and acquisitions, corporate finance, and financial institutions. During his tenure, Stastney served as the chair of Quarles & Brady's Investment Management Practice Group, serving broker-dealers, investment advisers, hedge funds, family offices, and private equity firms across the nation. Stastney has extensive experience counseling boards of directors and executive officers at public and private companies regarding complex corporate governance and compliance matters, and served for over five years as corporate secretary to an NYSE-listed public company. Stastney is a frequent speaker and commentator on legal and compliance issues facing the investment management community and serves as a guest lecturer on securities laws to the University of Wisconsin Law and Entrepreneurship Clinic. Stastney earned his law degree from the University of Minnesota Law School and his BS in Political Science from the University of North Dakota.
Ms. Ahern is a the chair of the Audit Committee of the Board of Directors of RueOne.
Ahern is currently a Principal at Danesmead Partners, a fund fiduciary services firm. Prior to joining Danesmead Partners as Principal in July 2016, Ahern was the Chief Operating Officer and Chief Financial Officer for Brightwood Capital Advisors, LLC., an investment management firm that provides debt and equity capital solutions to US based companies. Previously, for eight years, she was the Chief Financial Officer for Soros Fund Management, a hedge fund management firm. In this role, she managed the Treasury, Operations, Fund Administration and Management Company finances and served as an interested director on numerous boards for Quantum Fund related entities. Prior to Soros Fund Management, Ahern served as the Vice President of Capital Markets Accounting for Freddie Mac, overseeing the financial reporting for over $800 billion of mortgage bonds and loans and $1 trillion of derivative assets. Earlier, for six years, she was a Partner and Director of Fund Administration and Operations at Lord, Abbett & Co. Ahern held numerous tax, compliance and fund administration roles at Deutsche Bank and Goldman Sachs Asset Management.
Ahern has served on the National Foundation and Corporate Boards of the Human Rights Campaign, as well as DC Scores, a literacy and athletic afterschool program for inner city children in Washington DC. She is currently an adjunct professor at Monmouth University and co-owner of Assisting Hands Homecare, a healthcare company based in New Jersey. She received her MBA in Finance and International Business from the Stern School of Business at New York University and her BS in Accounting from Manhattan College.
Aerospace & Defense Expert
Mr. Friedman is a Senior Advisor and Head of the Aerospace and Defense practice at Perella Weinberg Partners (PWP). He brings 35 years of experience in sell-side analysis, investments, investment banking, consulting and entrepreneurship. He has served in several senior capacities at PWP (since 2006) in addition to his current role, including leading the business development effort for the asset management business and being the founder and lead manager of an Aerospace and Defense long short fund.
Previously, Mr. Friedman served on the management committee as CIO and lead Portfolio manager for a $9 billion portfolio at John Levin/BKF Capital. He was Head of the Morgan Stanley Asset Management New York Active Equity business and sat on the $300 billion AUM Risk Management Committee. From 1995 to 1997 he ran the 200 person North American Morgan Stanley Equity Research Department, sat on the Equity Commitment Committee and founded and chaired the Stock Selection Committee. From 1983 through 1995 Mr. Friedman was on the sell side covering Aerospace and Defense at Drexel Burnham Lambert, Paine Webber and Morgan Stanley during which time he earned a number one Institutional Investor and Greenwich ranking in both Aerospace and Defense Electronics. He started his career as a management consultant at Arthur Anderson Consulting in 1980.
Mr. Friedman holds a BA in Economics from Rutgers University (Phi Beta Kappa and summa cum laude) and an MBA from the Kellogg School of Management at Northwestern University (with highest honors).
Mr. Friedman is also currently a Partner at Permanans Capital (a $2.5 billion Outsource CIO and multi-family office), a Technical Advisor for The New York Center for Space Entrepreneurship, a Co-Founder and Board Member of HyspecIQ, (a hyperspectral imaging satellite company), an Advisory Director of Talara Capital (a real asset company), an Advisory Board Member for the Kellogg Finance Network and a member of the Wings Club. He passed the New York CPA examination and has his Series 7,24 and 63 registrations.