Siguler Guff portfolio manager Maria Boyazny has announced the launch of MB Global Partners in partnership with G2 Investment Group.
The new firm will focus on credit and distressed opportunities created by the global financial crisis, and hopes to raise a fund in the first quarter of 2011, Boyazny told PEO. During her ten years at Siguler Guff, Boyazny managed $4.5 billion in assets across the firm’s Distressed Opportunities Funds I, II, III and IV.
“This is a decade of credit, as financial institutions and governments around the world are forced to refinance their LBO, real estate and sovereign debt,” Boyazny said in a statement.
MB Global Partners will operate using a multi-manager platform focusing on a number of credit dislocation and distressed strategies. The firm will both allocate capital to other managers as well as invest directly, and will encompass all asset classes, including corporate debt, residential mortgage debt, commercial real estate and other special situations.
G2 Investment Group was formed in 2008 by two former Guggenheim Partners executives and a prominent Latin American financier and social activist. J. Todd Morley was a co-founder of New York- and Chicago-based Guggenheim, and continues to serve on the firm’s executive committee.
David Conrod was a Guggenheim senior managing director leading its private fund placement group. The third G2 co-founder, Antonio de la Rua, is the son of Fernando de la Rua, Argentina’s president from 1999 to 2001.