Midwest boutique investment bank XMS Capital Partners (XMS) has launched XA Investments LLC (XAI) to provide a platform in the registered funds space for alternative investments.
The firm has hired Kimberly Flynn as Managing Director of Alternative Investments and John McGarrity as Managing Director and General Counsel to build the XA Investments business. Flynn joins the firm from Nuveen Investments where she served as the Head of Product Development for the Global Structured Products Group which is responsible for the development and management of the firm’s closed-end fund complex. McGarrity joins the firm from River Branch Holdings, where he served as Managing Director and General Counsel, and prior to that was Head of Product Development for Man Investments, Inc. and a Partner at Sidley Austin LLP.
The XA Investments leadership team believes that the investing public needs better access to a broader range of alternative investment strategies and managers, historically available only to institutions and ultra-high net worth investors.
“The growth of our business, with the addition of XA Investments, further strengthens and diversifies the XMS business. As we celebrate our 10th anniversary this year, the development of XA Investments is a natural step in the progression of our firm and positions us well for the future,” says Ted Brombach, Founding Partner of XMS and co-CEO of XA Investments.
XAI is focused on innovation in the asset management industry and is planning to improve product structure, fee arrangements and channel distribution with an alternative product platform. These innovations will make alternative investments more accessible to the investing public.