Echelon Capital Group, a multi-strategy boutique asset management firm offering innovative strategies to the institutional and intermediary markets, announced today that the firm has formed a strategic alliance with Red Rocks Capital LLC.
Through the new agreement, Echelon will provide Red Rocks with strategic marketing and consulting services for the institutional market.
Based in Golden, Colorado, Red Rocks Capital is an asset management firm specialising in Listed Private Equity. The active strategy is managed by the founders, Adam Goldman and Mark Sunderhuse, who have 50 years of combined public and private investment experience. The two founders have worked for nearly five years developing a proprietary database to identify and track publicly traded private equity companies.
Red Rocks brings to the market the first US-based Listed Private Equity strategy, comprised of 30-50 publicly traded private equity companies. The objective of the strategy is to provide investors with a diversified portfolio of private equity investments with daily valuation and daily liquidity.
“Plan sponsors have long recognised the advantages of including private equity access in their asset allocation. Unfortunately, the constraints of access and long lock up periods have been significant challenges. The Red Rocks Listed Private Equity strategy solves those problems by offering private equity exposure with daily valuation and daily liquidity,” says John Zimmerman, CEO, Echelon.
“Echelon has tremendous expertise in the institutional market. With a distinguished reputation as a leader in taking innovative strategies to the market, the company has built a tremendous platform for growth. We are excited to work together to expand our strategies,” adds Adam Goldman, Red Rocks co-founder.