[ad_1]
Stockholm-based Ark Kapital, a Swedish progress platform for tech, introduced on Wednesday, November 22, that John McCormick, former co-head of the choice asset administration Blackstone, joins the corporate as a brand new strategic investor.
John McCormick: A private investor and advisor
John McCormick is an skilled private investor and advisor.
Till not too long ago, he served because the International Group Head of Blackstone Different Asset Administration (“BAAM”), which is the hedge fund division of The Blackstone Group with property underneath administration of $82B (roughly €75B).
Throughout his tenure, he led the division to realize report monetary outcomes for Blackstone shareholders and delivered robust funding efficiency for institutional purchasers.
Over the course of his 17-year profession at BAAM, McCormick led quite a few features throughout the organisation, together with international technique, product improvement, international enterprise improvement and shopper service, and GP stakes and seeding.
McCormick was a member of all BAAM funding committees and Blackstone’s firm-wide Working Committee.
He’s credited with launching Blackstone’s knowledge science initiative and serving to to ascertain Blackstone as a pacesetter in democratized alternate options.
“Ark Kapital has pioneered the event of a brand new asset class tailor-made for expertise firms, using consistently up to date and forward-looking knowledge because the bedrock for crafting progressive loans that pave the trail to profitability,” says John McCormick, former co-head of Blackstone and new investor in Ark Kapital.
“In stark distinction to the early iterations of RBFs (Income-Primarily based Financing), which primarily fixated on singular knowledge dimensions comparable to money stream, ArK’s pioneering strategy is extra like 3D, and thereby setting a brand new commonplace for the trade,” provides McCormick.
ArK Kapital: What you might want to know
ArK Kapital is a data-driven precision finance firm that helps startups develop smarter via long-term loans, sustaining management for founders and decreasing danger for buyers.
The agency’s intention is to interrupt down monetary limitations and empower entrepreneurship by constructing the “finest financing options” for tech companies.
ArK’s product providing is on the market in Sweden, Denmark, Finland, and Germany.
The fintech agency was based in 2021 by serial entrepreneur Oliver Hildebrandt (CEO), veteran banker Axel Bruzelius (COO), and Spotify’s ex-VP of Analytics and former EQT Ventures accomplice Henrik Landgren (CPTO).
Ark Kapital is by LocalGlobe, Creandum, and 7 unicorn founders and Swedish banking veteran:
- Annika Falkengren, formerlySwiss banking group Lombard Odier and Swedish financial institution SEB
- Hjalmar Winbladh of Epidemic Sound and founding accomplice of EQT Ventures
- Jacob De Geer of IZettle
- Timo Soininen of Small Large Video games
- Ilkka Paananen of Supercell
- Sebastian Knutsson of King
- Riccardo Zacconi of King
- Steve Anavi of Qonto
[ad_2]
Source link