Globacap, a leader in advanced technology for private markets, has today announced the appointment of Scott Kreitz as President and Head of Operations.
Kreitz, who will head up the firm’s US office, has over 20 years’ experience in financial markets and a strong track record of launching innovative products across institutional and wealth management segments.
He is joined by newly appointed US Head of Marketing, Alexandra Marciniak, who previously worked at Goldman Sachs and Bloomberg, Head of US Business Development, Joshua Kasper, who joins from Fidelity Investments and Head of Customer Success US, Carly Ferris, formerly of Z-Squared Securities.
Globacap recently set up its presence in the United States as part of its mission to digitize and streamline the process of investing in private markets globally. This strategic move into one of the largest markets in the world is supported by several key hires, enhancing the firm’s local expertise and capabilities.
An estimated US$24.4 trillion is invested in private markets by institutional investors including family offices, hedge funds and private equity, venture capital and private debt firms. Private markets assets under management have grown at an annual rate of nearly 20 percent since 2017 and are set to nearly double over the next five years. Despite the size and importance of this rapidly growing market, transactions can often take months due to cumbersome, manual and time-consuming processes.
Globacap aims to transform private markets through its ecosystem that compresses manual workflow processes and streamlines the execution of transactions across the investment and asset lifecycles.
Myles Milston, co-founder and CEO of Globacap, commented: “The US is home to some of the largest alternative markets in the world. However, as investment from a wider investor base continues to grow, the operational overheads faced by GPs and distributors also increase. Globacap's digital workflow solves this, reducing operating overheads, increasing margins, and enabling greater scale and deal flow for our clients. By launching in the US we are bringing our powerful digitization solution to the world's largest and most active alternative asset managers."
Scott Kreitz, President and Head of Operations at Globacap, commented: “Having worked in capital markets and investment management for the past two decades, I have seen the industry completely transform through technology. Private markets are the next frontier for this technological transformation and I’m excited to be joining a firm leading the way in digitizing and automating transactions and workflows in this rapidly growing space.”