Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

37187

Vida Capital appoints Chief Executive Officer

RELATED TOPICS​

Vida Capital, Inc (Vida), a portfolio company of RedBird Capital Partners and Reverence Capital Partners, has completed its previously announced CEO search process led by its Board of Directors and has appointed Blair Wallace as President and Chief Executive Officer. 

With the appointment of Wallace, Vida has completed its intended succession plan. Jeff Serra, Vida’s current CEO, will remain as Executive Chair of the Board and will support the CEO transition as a special advisor. William (Bill) Tice, Vida’s current President, will also transition to an advisory role in support of the company’s special situations strategy, through the end of the year and then will be departing Vida to pursue other opportunities.

“Vida Capital is a world-class specialty asset management firm and we have taken the time to identify a leader that can continue building on the firm’s legacy and momentum,” says Peter Aberg, Partner and Co-Founder at Reverence Capital Partners. “Blair is a proven leader with substantial experience in the specialty asset management sector. We are extremely pleased to have him on board and look forward to growing Vida and delivering superior products for our investors.”

Andrew Lauck, Partner at RedBird Capital Partners adds: “We would like to thank Jeff Serra for his assistance in the CEO search, for his continuing service as a member of the Board of Directors and for his role as special advisor during the transition. With improved performance in 2021 for our core products, even with the difficulties of operating in a pandemic, it is testament to the hard work of the Vida team and their focus on delivering for investors. We would also like to thank Bill Tice for his contributions in co-leading the company during this period and appreciate his support in assisting the team for the rest of the year on our special situations activities.”

Tice adds: “I am proud of what Vida has accomplished amidst the backdrop of the pandemic. I am confident that Blair and the rest of the team will continue to build on the company’s momentum, and I wish everyone the very best in this next chapter.”

Wallace says: “Vida is a unique organisation with an extremely attractive investment product derived from its proprietary strategy focused on insurance-linked and specialty finance strategies. I look forward to growing the business and delivering innovative products for investors over the near and long-term.”

Wallace was recently a Partner and Portfolio Manager at Tenor Capital Management Company. Previously, Wallace was Head of Complex Solutions at Sculptor Capital Management and a Managing Director of Structured Credit. He began his career as an associate at Katten Muchin Rosenman LLP. Wallace graduated from Brooklyn Law School and holds a BA from the University of California San Diego.

Latest News

MSCI has launched MSCI AI Portfolio Insights, writing that it combines generative artificial intelligence “GenAI”..
The Capgemini Research Institute’s World Wealth Report 2024, published today, reveals the number of high-net-worth..
New research from cloud security firm Zscaler reports a disconnect between European company confidence in..

Related Articles

Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by