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CAIA New York Annual Impact In Alternatives Educational Event
Date(s):
November 12, 2018
Note: All times listed are in local time
Venue:Club 101
101 Park Avenue New York, NY 10178
Fee(s):This event has a fee
Description:The Opportunity (Zones) is Now!
CAIA NY Chapter’s 3rd Annual Impact In Alternatives Event The creation of Opportunity Zones was included in the Tax Cuts and Jobs Act of 2017. It permits the reallocation of capital gains into qualified opportunity zone funds, businesses and projects. Join us on November 12, 2018 to have a detailed discussion of Opportunity Zones which hold the potential to have a seismic impact HNW and institutional asset allocation mixes while directing unprecedented investment to underserved communities.
On Friday October 19, 2018 US Treasury issued the proposed regulations that will describe and clarify the requirements that must be met by a taxpayer in order to defer the recognition of a capital gain into a qualified
opportunity.
On November 12, our expert panel will discuss the following key issues.
- Institutional vs. Retail relevance? Who is the most likely target for this legislation
- Invest in a fund, project, business or development? What is the best way to participate?
- A tax giveaway or a novel use of the tax code to allocate capital and spur economic development? How will it play out?
- What is the Real Asset impact – real estate vs. infrastructure vs. venture
- What’s the catch? – validation, tax attestation and the mechanics of a implementing an entirely new program at scale
Fees to Attend: CAIA Members: Free CAIA Candidates: Free Non Member: $25.00
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Daniel Barile
Job Title: Partner & Senior Portfolio Manger
Organization: SkyBridge Capital
Daniel Barile, CFA is a Managing Director, Portfolio Manager and Senior Investment Analyst at SkyBridge Capital. As a Portfolio Manager, Mr. Barile is responsible for oversight of the SkyBridge Opportunity Zone REIT. As a Senior Investment Analyst, Mr. Barile is responsible for manager sourcing, research and due diligence across a wide variety of alternative investment strategies. He is also a member of the Real Estate Investment committee. Prior to joining SkyBridge in June 2010, Mr. Barile was responsible for manager due diligence in the Hedge Fund Management Group at Citigroup Alternative Investments (CAI). Prior to joining CAI, Mr. Barile covered traditional and alternative asset managers from a variety of perspectives at Fitch Ratings and Merrill Lynch Investment Managers (now BlackRock).
Mr. Barile received a B.S. in Management with a concentration in Finance from Binghamton University and holds the Chartered Financial Analyst (CFA) and Chartered Alternative Investment Analyst (CAIA) designations.
Garett Bjorkman
Organization: CIM Group
Mr. Bjorkman leads Portfolio Oversight for CIM’s private real estate debt and Opportunity Zone investment strategies, and serves on the Firm’s Credit Committee. Mr. Bjorkman works closely with global institutional investors including sovereign wealth funds, public & private pension plans, family offices, endowments & foundations, and other strategic investors on structuring equity investments in CIM vehicles. Mr. Bjorkman is also responsible for portfolio construction and coordination among internal teams to source, underwrite, close and execute new investment opportunities. Mr. Bjorkman previously worked at real estate private equity firms holding positions in investments, capital markets, and investor relations. Mr. Bjorkman holds a B.S. in Business Administration with concentrations in Real Estate and International Business from Denver University
Brett Johnson
Job Title: Founder and Partner
Organization: Fortuitous Partners
Mr. Johnson is a Founder and Partner of Fortuitous Partners (www.fortuitouspartners.com), a
diversified opportunity fund platform investing in professional sports anchored multi-asset
developments in opportunity zones.
Mr. Johnson is the Co-Chairman of the Phoenix Rising Football Club (www.phxrisingfc.com), a
minor league professional soccer team, based in Phoenix, Arizona. PHX Rising is currently in
consideration for a Major League Soccer franchise. In 2005, Mr. Johnson founded Benevolent
Capital (www.benevolentcapital.com), a private equity fund with investments in real estate,
manufacturing and consumer brands, including Phoenix Rising FC, Octagon Partners, ArcherDX,
TerraCycle, and NYC Office Suites.
From 2015 to September 2016, Mr. Johnson was a Managing Director of Zealot Networks
(www.zealotnetworks.com). Founded by Danny Zappin, who founded and sold Maker Studios to
Disney for $950 million, Zealot Networks is a digital media company that comprises 18 portfolio
companies and $150 million in revenue. Mr. Johnson managed the technology and content
business units within Zealot.
From 2013 to 2015, Mr. Johnson was the President and Director of Greenwood Hall
(www.greenwoodhall.com). Founded in 1997, Greenwood Hall is a full service education
management firm. The Company provides the infrastructure and student lifecycle solutions that
enable post-secondary institutions to compete successfully in the global e-learning
marketplace. Mr. Johnson led a comprehensive restructuring of the business, including
recapitalizing the balance sheet through a public offering (OTC: ELRN), closing an unprofitable
business unit, restructuring the executive team, and establishing a major strategic alliance with
Cengage, one of the leading education publishers in the industry.
From 2010 to August 2012, Mr. Johnson was the CEO and President of Forward Industries
(www.forwardindustries.com NASDAQ: FORD). Forward Industries designs, sources, markets
and distributes accessories for the handheld consumer electronic product industry, including
smartphones, tablets, notebook computers and medical monitoring and diagnostic equipment.
During his tenure, Mr. Johnson expanded the revenue streams, geographical reach and product
lines of Forward.
From 2001 to 2004, Mr. Johnson was the President of Targus (www.targus.com), the leading
global provider of mobile computing solutions with sales of $545 million. With offices in 36
geographies and sales in 145 countries, Targus designs and markets a broad range of notebook
carrying cases and accessories for mobile computing consumers. Prior to his promotion to
president of Targus, Mr. Johnson served as Managing Director of Targus EMEA (Europe, Middle
East and Africa) and Asia-Pacific from 1997 to 2001 and resided in London, UK. Mr. Johnson
was instrumental in the sale of the company to a private equity company in 2005, providing
considerable returns to shareholders. Mr. Johnson continued to serve as
Alfred Puchala
Organization: CapZone Impact Investments LLC
Throughout his 35-year finance career, Al has been an advocate and practitioner for positive social impact investing at scale. As CEO of CapZone Impact Investments LLC (www.CapZoneImpactInvestments.com), Al combines his expertise and experience to develop a new asset class, Opportunity Zone Equity, to connect profits to purpose nationally. Previously, as an investment banker, private equity investor, strategic financial advisor and creator of market based government related partnership initiatives, he has invested and advised domestic and international parties on complex strategic financial assignments, including corporate mergers, acquisitions and restructurings; loan portfolio monitoring, infrastructure finance, securitization and credit portfolio risk management.
Recently, Al served as CEO of Capitol Peak Asset Management, and prior to that, Managing Director for Moelis & Company in New York, overseeing Public Sector initiatives. He was Co-Founder and Managing Director of Signal Equity Partners making growth equity investments, and spent his early career at Lazard Freres and Morgan Stanley focusing on M&A and corporate finance transactions. Al holds a BA cum laude from Yale University, a JD From Georgetown University, an MA in Economics from New York University and is a member of the New York Bar.
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