Aequitas capital management, a provider of alternative investments including private equity, private credit and specialty finance, is seeking to widen its network of registered investment advisors through a partnership with circle squared alternative investments, a provider of outsourced cio services specializing in alternative assets. Aequitas capital launches alts academy markets media. Aequitas news chronology aequitas investor information center. Proposed order 1 approving form and manner of notice regarding approval of proposed distribution plan and ponzi determination, 2 approving procedures, and deadlines, 3 setting a hearing, and for related relief filed by ronald f. The purpose of equitas is to design, build, and deliver investment strategies to meet the goals of their investors. Jesenik, mark mcmanis and dennis wade founded the firm in 1993.
Aequitas capital expands credit operations with acquisition. Parties, docket activity and news coverage of federal case american student financial group, inc. The sec says executives from aequitas capital management told more than 1,500 clients they were using their money for investment purposes. For more than two decades, aequitas capital management has functioned as an alternative investment management company serving individuals, advisors, and institutions all over the united states. Aequitas management, llc, aequitas holdings, llc, aequitas commercial finance, llc, aequitas capital management, inc. The company has capabilities in a wide range of investment areas, including debt and equity growth capital. The company began without any relationships, revenues, corporate affiliationsor baggage from the way its always been done. Nov 27, 2007 aequitas capital management, an alternative investment firm providing both debt and equity to companies throughout the united states, is pleased to. Aequitas capital is an alternative investment management company dedicated to innovation, discipline, and excellence. On march 10, 2016, the securities and exchange commission took action against aequitas. District court for the district of oregon against aequitas management, llc, aequitas holdings, llc, aequitas commercial finance, llc, aequitas. The cfpb alleges that aequitas and corinthian colleges plotted together to make highcost private loans so it would appear the school met federal student aid requirements. Aequitas capital opportunities fund is based out of lake oswego.
Aequitas capital management, an alternative investment firm providing both debt and equity to companies throughout the united states, is pleased to. Thus the entity which is obligated on the private notes is part of the receivership entity and is covered by the receivership order. Aequitas capital launches new ria membership network. Aequitas management, aequitas holdings llc, aequitas commerical finance llc, aequitas capital management inc. Oliver, former secondincommand at aequitas, pleads. On march 10, 2016, the sec initiated a securities fraud action against aequitas management, llc and related entities, as well as three aequitas executives. Established in 1993, aequitas capital is a professionally managed and socially conscious alternative investment firm providing private equity and.
Welcome to the information website for the receivership for aequitas management, llc et al. Founded in 1993, aequitas capital management is an alternative asset management company dedicated to. However, in recent weeks, the company has begun collapsing and unraveling in connection with the sale of unregistered highpay debt instruments. Aequitas investment management, llc financial services. Aequitas capital adds investment industry veteran brett. Defunct aequitas misled investors, cooked books, ran ponzi. S oreide law group is conducting an investigation on behalf of their clients into aequitas management, llc the company and other aequitas related companies which occurred between january of 2014 through january of 2016.
Sec charges oregonbased investment group and executives with. The securities and exchange commission dropped the hammer on aequitas capital management this week, formally accusing the lake oswego, ore. The cfpb and state attorneys general reached a proposed settlement with the receiver of aequitas capital management, based in lake oswego, wash. Jan 08, 2014 about aequitas capital management, inc. At aequitas, a history of risky and profitable deals. Jimmy crumpackers financial disclosure form is at odds. Some money from new investors was allegedly used to pay earlier investors. The complaint also alleges that aequitas capital management inc. If your broker or financial advisor recommended these private note investments, call 8887606552 the u. Aequitas capital management, a rapidly growing portland, ore. Today, the trigger was a financial disclosure form filed by jimmy. Since its inception, aequitas has been one of the top performing pmss in the country, delivering absolute returns of 622% to clients 37. Advisors in the crosshairs after aequitas capital collapse.
Securities and exchange commission moved decisively into the aequitas capital management scandal thursday, suing the lake oswego company and three top executives for allegedly running a. The sec alleges the executives instead used the money to. Aequitas capital management has always played in the highrisk end of the financial sandbox. It also removed the chief executive, bob jesenik, and his partner, brian oliver, from positions at the company. The company emphasizes investments made in the real economy, a market defined by assets that are associated with regular, everyday human behavior rather than volatile assets. Private equity and credit investment firm aequitas capital management expanded its credit business with the acquisition of maple bay asset management for an undisclosed sum. Mar 11, 2016 the sec says executives from aequitas capital management told more than 1,500 clients they were using their money for investment purposes.
Aequitas advisors is an innovative capital markets consultingadvisory services firm. For 23 years, brian oliver was the classic secondincommand at aequitas management llc, the earnest, lowkey straight arrow to. At the time it was known as jmw capital partners inc. The cfpb alleges that aequitas enabled corinthian to make highcost private loans to. Aequitas expands senior leadership team pr newswire.
Aequitas capital opportunities fund, lp top holdings. Collapse of aequitas capital management kessler topaz. May 02, 2014 private equity and credit investment firm aequitas capital management expanded its credit business with the acquisition of maple bay asset management for an undisclosed sum. Equitas capital advisors, llc was established to be a unique company which blends the resources of a large global corporation with the flexibility of a small firm. Aequitas wealth managements genesis was part serendipity, part destiny. Aequitas capital under investigation amidst stunning collapse 03042016 a look at aequitas history of litigation if you have questions, concerns, or information about aequitas investments, please contact our office at 800. Mar 04, 2016 aequitas capital management has always played in the highrisk end of the financial sandbox. Ap chris bean has spent much of february breaking the bad news to his clients. Cfpbs 1st abusive claim against a loan purchaser law360. Aequitas investments limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. Aug 17, 2017 the cfpb and state attorneys general reached a proposed settlement with the receiver of aequitas capital management, based in lake oswego, wash. Aequitas capital limited is a financial services company that give youth, families, business people and companies across kenya a new and fun way to get loans. Aequitas management, aequitas holdings, acf, acm, and aim are referred to collectively as the entity defendants. Portland hedge fund about to learn that ponzi schemes are.
Aequitas investments limited free company information from companies house including registered office address, filing history, accounts, annual. Aequitas investors celebrate major victory as judge. The firm last filed a form d notice of exempt offering of securities on 20150501. An advisor approached by aequitas capital partners in 2014, stan lochrie of lake oswego, ore. There is sufficient evidence of actual fraud and badges. Aequitas capital is a diversified financial services company that focuses on transforming traditional financing through innovative alternative investments.
Windswept capital acquired by aequitas capital management. In our time as a micro finance company, we silently went about enabling livelihoods and elevating lives. Cfpb takes action against aequitas capital management for. The consumer financial protection bureaus use of its abusiveness authority to attack aequitas capital managements willingness to acquire loans with high risks of default certainly makes one. Wade and mcmanis are no longer involved with the firm. The consumer financial protection bureau filed a complaint and proposed settlement against aequitas capital management, inc. Aequitas management llc and four affiliates allegedly defrauded more than 1,500 investors nationwide into believing they were making health care, education, and transportationrelated investments when their money was really being used in a lastditch effort to save the firm.
The stunning collapse of aequitas capital management will almost certainly cost them a. Aequitas is a sebi registered portfolio management service pms. Chris bean, an advisor with private advisory group, a redmond, wash. Equitas capital advisors has 148 years of combined investment. Aequitas investments limited overview free company. The unbelievable series of missteps that sent aequitas. Contact aequitas investment management, llc or view aequitas investment management, llcs ratings, investment advice, financial planning and insurance services, and get detailed information on their fees, advisors, licenses and history. Mar 10, 2016 aequitas management llc and four affiliates allegedly defrauded more than 1,500 investors nationwide into believing they were making health care, education, and transportationrelated investments when their money was really being used in a lastditch effort to save the firm. Aequitas commercial finance acf is a receivership entity and is the entity which issued the private notes. Aequitas capital partners checkbook came with strings attached for firms like concert.
With proven expertise in finance, management, and technology, and a focus on. Aequitas capital management announces the addition of. Acm and the manager of the aequitas funds is aequitas investment management, llc aim. The acf notes were typically offered on one to four year terms with interest rates. Aequitas management, llc et al district of oregon, ord3. Sec charges oregonbased investment group and executives. Apr 19, 2019 for 23 years, brian oliver was the classic secondincommand at aequitas management llc, the earnest, lowkey straight arrow to the companys colorful alphadog ceo bob jesenik. On march 10, 2016, the securities and exchange commission the sec filed a complaint in the u. Virtually unheard of today where breakaway advisors from large brokerage companies start their own firms with a significant client roster, aequitas wealth management was created only from good intentions and a vision of what we believe people really want from a trusted advisor. District court for the district of oregon against aequitas management, llc, aequitas holdings, llc, aequitas commercial finance, llc, aequitas capital management, inc. Aequitass history is important context for understanding a big bet on student loans that appears to have soured, crippling the firm.