The Capital Markets division of tax and advisory firm WTP Advisors has been spun off into a stand-alone business called Avalon Lake Partners, which will focus solely on providing advisory services to the alternative asset management industry, including hedge funds, private equity firms and family offices.
Avalon Lake Partners will be led by Lou Sala, Jay Goldstein and Ilicia Silverman. The firm will offer C-level outsourcing services, hedge fund startup/spinouts and operational support to funds.
The firm initially will be based in New York City, with Chicago and San Francisco offices planned in the near future.
The time has come for a firm to step up and become the preeminent provider of business support to the alternative investment industry, says Sala, who will become CEO of Avalon. We will be singularly focused in this space and positioned to nimbly respond to the ever-changing financial landscape.
The Avalon group launched a Form PF Diagnostic product and accompanying software this year to streamline Form PF filing. The solutions will be offered under the Avalon brand.
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