TowerBrook bolsters team with three hires – Exclusive

The firm has added execs from Blackstone, Alix Partners and Balyasny Asset Management.

New York- and London-based investment firm TowerBrook Capital Partners has made three appointments in its London and New York offices, Private Equity International has learned.

Walter Weil has joined as a senior principal in the New York office. Weil was previously a consultant for The Blackstone Group in its tactical opportunities fund and special situations hedge fund unit, focusing on distressed securities. Prior to this he spent six years at Morgan Stanley in several roles, including head of consumer ABS trading.

Ron van Loo will join as senior principal in the portfolio group in London. He joins from Alix Partners, where he was a director in the enterprise improvement team, delivering operational efficiencies to clients across a range of sectors. Prior to this he was an associate director in the operational transaction services team at EY.

“At the heart of TowerBrook’s business model is performance improvement of our portfolio companies and Ron’s experience will be of great value in our portfolio group,” founder and co-chief executive officer Ramez Sousou said in a statement.

Jeroen Bischops will join as a principal in the London office from Balyasny Asset Management, where he was a long-short equity analyst covering European investment activities in the Global Financial Institutions Portfolio. Prior to joining Balyasny, Bischops was a vice president at Morgan Stanley in New York and London.

“These are important new hires as we continue to build the strength and depth of our teams,” Neal Moszkowski, founder and Co-CEO, said in the statement.

“As we continue to identify new growth opportunities, Jeroen and Walter’s extensive experience will benefit us greatly.”

The hires follow a busy start to the year for TowerBrook. Earlier this month the firm listed women’s clothing retailer J. Jill on the New York Stock Exchange, netting a return of 4x less than two years after acquisition. TowerBrook has also made three investments from its $800 million Structured Opportunities Fund, which invests in both debt and equity, bringing the total number of invested deals in the vehicle to 10.

TowerBrook is currently investing its fourth fund, which closed on $3.5 billion in 2013. It is understood that this fund, which primarily seeks control-oriented investments in large and mid-market companies, is around 50 percent invested.

Last September TowerBrook appointed Andrew Feldman, the former chairman of Britain’s Conservative Party, to its senior advisory board.