DENVER –June 3, 2008 – Echelon Capital Group (Echelon), a multiâ€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 (Red Rocks). 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 specializing 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 market the first U.S.â€based Listed Private Equity strategy, comprised of 30â€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 recognized 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,†says Echelon Chief Executive Officer John Zimmerman. “The Red Rocks Listed Private Equity strategy solves those problems by offering private equity exposure with daily valuation and daily liquidity.â€
“Echelon has tremendous expertise in the institutional market,†says Red Rocks Coâ€founder, Adam Goldman. “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.â€
“We believe that we will continue to see more institutional plans increasing their exposure to private equity making this type o strategy very attractive to our clients,†says Jack Swift, Chief Operating Officer, Echelon Capital Group. “We feel that Red Rocks has a unique and differentiated product that offers clients a less correlated investment solution for their portfolio.â€
About Echelon Capital Group
Echelon Capital Group is a multiâ€strategy boutique asset management firm based in Denver, CO. Echelon seeks to establish long term partnerships with asset management firms, either through minority or majority ownership or through establishing a strategic alliance. As part of the partnership, Echelon provides marketing strategy, product positioning, sales and client service support, and capital while providing client solutions through unique and innovative strategies. The firm was founded in 2007 by experienced institutional executives, John W. Zimmerman and Jack C. Swift, and with seed capital from Kemmons Wilson Companies. For more information about Echelon, visit www.echeloncapitalgroup.com.
About Red Rocks Capital LLC
Red Rocks Capital LLC is a registered investment advisor based in Golden, CO. Founded in 2003, Red Rocks Capital develops and manages unique and differentiated active and passive Listed Private Equity strategies for the institutional and intermediary marketplace. The firm was founded by Adam Goldman and Mark Sunderhuse, who have over 50 years of extensive investment experience in both public and private equity, having managed in excess of $4 billion. For more information about Red Rocks, visit www.lpefund.com.
Contact Information:
Mr. Jack Swift, Echelon Capital Group (303)321â€9900
[email protected]
Ms. Angel Romero, Echelon Capital Group (303)321â€9900
[email protected]
