Established in 1993, aequitas capital is a professionally managed and socially conscious alternative investment firm providing private equity and. Aequitas management, llc et al district of oregon, ord3. Aequitas capital management, a rapidly growing portland, ore. The cfpb alleges that aequitas enabled corinthian to make highcost private loans to. Founded in 1993, aequitas capital is an alternative investment management company dedicated to innovation, discipline and excellence. Aequitas capital opportunities fund, lp top holdings. However, acf, the aequitas funds and the operating companies had no history of earning. On march 10, 2016, the securities and exchange commission took action against aequitas. Aequitas advisors capital markets advisory services. Aequitas capital expands credit operations with acquisition.
Aequitas was founded in 1993 by jesenik and morphed into a vast conglomeration of associated lending and financial businesses, at least 50 in all, that operate under the aequitas corporate umbrella. Aequitas capital management announces the addition of william. Aequitas is a sebi registered portfolio management service pms. Below you will find a list of canadian wealth management brokerages that have confirmed support for trading and real time market data for securities listed on the neo exchange across their advisor networks.
Since its inception, aequitas has been one of the top performing pmss in the country, delivering absolute returns of 622% to clients 37. Notice of filing receivers report regarding the investigation of the. Aequitas receivership claim information receivership for aequitas. In response to the courts notice procedure and briefing schedule allowing interested parties to file objections, the securities and exchange commission and interested parties richard probasco, patricia probasco, and leslee wiltjer filed statements in support of the proposed. If your broker or financial advisor recommended these private note investments, call 8887606552 the u. A putative securities class action and five separate mass actions pending in state and federal courts, alleging that deloitte participated or materially aided certain securities sales by aequitas capital management, in violation of the oregon securities laws. Aequitas capital launches alts academy markets media. William mccormick, chair, aequitas capital management spoke. Parties, docket activity and news coverage of federal case american student financial group, inc. Portland hedge fund about to learn that ponzi schemes are. 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 management, aequitas holdings llc, aequitas commerical finance llc, aequitas capital management inc. An advisor approached by aequitas capital partners in 2014, stan lochrie of lake oswego, ore. Launched in 2014, aequitas capital partners acp is the advisor services arm of.
Windswept capital acquired by aequitas capital management. With proven expertise in finance, management, and technology, and a focus on. The consumer financial protection bureau filed a complaint and proposed settlement against aequitas capital management, inc. Aequitas investment management, llc financial services. Cfpb takes action against aequitas capital management for. 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. Advisors in the crosshairs after aequitas capital collapse. 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. Marketed as canadas new stock exchange, neo aims to help companies, dealers and investors by creating a better listing experience, eliminating predatory market behaviours such as highfrequency trading, implementing a unique market making program to ensure liquidity, and offering free realtime.
Aequitas investments limited free company information from companies house including registered office address, filing history, accounts, annual. Defunct aequitas misled investors, cooked books, ran ponzi. Aequitas management owns 84% and exercises exclusive control over aequitas holdings, the sole owner and member of acf and the sole shareholder of acm. Some money from new investors was allegedly used to pay earlier investors. For 23 years, brian oliver was the classic secondincommand at aequitas management llc. Collapse of aequitas capital management kessler topaz. Chris bean, an advisor with private advisory group, a redmond, wash.
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. Marketed as canadas new stock exchange, neo aims to help companies, dealers and investors by creating a better listing experience, eliminating predatory market behaviours such as highfrequency trading, implementing a unique market making program to ensure liquidity, and offering free realtime market data for all neolisted securities. 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. The cfpb and state attorneys general reached a proposed settlement with the receiver of aequitas capital management, based in lake oswego, wash. 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. Aequitas investments limited overview free company. The sec alleges the executives instead used the money to. At aequitas, a history of risky and profitable deals portland. Aequitas capital management was an alternative asset management firm that focused on investing in companies operating in the real estate, healthcare, education, financing services, consumer services, media, retail, transportation and manufacturing sectors. Aequitas capital adds investment industry veteran brett.
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 investors celebrate major victory as judge. Books milestones travel garden health tv church directory. Established in 1971, the limited liability partnership has 78 attorneys.
Jmw started as a traditional investment bank, similar to orca capital securities or macadam capital partners. Aequitas advisors is an innovative capital markets consultingadvisory services firm. 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. On march 10, 2016, the securities and exchange commission the sec filed a complaint in the u. Aequitas capital partners checkbook came with strings attached for firms like concert. Sec charges oregonbased investment group and executives with. 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 capital management has a long history of facing and surviving contentions litigation which isnt surprising for a firm that specializes.
However, in recent weeks, the company has begun collapsing and unraveling in connection with the sale of unregistered highpay debt instruments. 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. Tonkon torp llp is an american law firm based in portland in the u. Founded in 1993, aequitas capital management is an alternative asset management company dedicated to innovation, discipline and excellence. Sec charges oregonbased aequitas management llc and its. Neo exchange is a canadian stock exchange based in toronto. The firm last filed a form d notice of exempt offering of securities on 20150501. Aequitas capital management, an alternative investment firm providing both debt and equity to companies throughout the united states, is pleased to. Aequitas capital opportunities fund is based out of lake oswego. Wade and mcmanis are no longer involved with the firm. The purpose of equitas is to design, build, and deliver investment strategies to meet the goals of their investors. Aequitas capital is a diversified financial services company that focuses on transforming traditional financing through innovative alternative investments. In march 2016, the neo exchange began listing securities, which are available for trading across canada. At aequitas, a history of risky and profitable deals.
Aequitas expands senior leadership team pr newswire. 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. The unbelievable series of missteps that sent aequitas, its. Equitas capital advisors has 148 years of combined investment. The company has capabilities in a wide range of investment areas, including debt and equity growth capital. Aequitas capital is an alternative investment management company dedicated to innovation, discipline, and excellence.
Aequitas one of the largest investment frauds in portland history. Ap chris bean has spent much of february breaking the bad news to his clients. The securities and exchange commission dropped the hammer on aequitas capital management this week, formally accusing the lake oswego, ore. Aequitas capital has expanded into private equity, wealth management, consumer, student and commercial debt companies. The stunning collapse of aequitas capital management will almost certainly cost them a. Aequitas is a research focused organization investing in high growth companies. Jesenik, mark mcmanis and dennis wade founded the firm in 1993. By investing capital provided by qualified private investors, aequitas capital management is able to fulfill an array of strategies aimed at securing high fixedincome returns as well as capital appreciation. Former secondincommand at aequitas cost investors as much as. District court for the district of oregon against aequitas management, llc, aequitas holdings, llc, aequitas commercial finance, llc, aequitas capital management, inc. Aequitas investments limited free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activity. The sec says executives from aequitas capital management told more than 1,500 clients they were using their money for investment purposes.
Jan 08, 2014 about aequitas capital management, inc. In our time as a micro finance company, we silently went about enabling livelihoods and elevating lives. Aequitas capital management announces the addition of. 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. Aequitas management, llc aequitas management is an oregon limited liability company formed in 2007 with a principal place of business in lake oswego, oregon. Nov 27, 2007 aequitas capital management, an alternative investment firm providing both debt and equity to companies throughout the united states, is pleased to. Aequitass history is important context for understanding a big bet on student loans that appears to have soured, crippling the firm. Sec charges oregonbased investment group and executives. The exchange is owned by aequitas innovations, a company backed by a number of canadian and internat. Have you invested with aequitas capital management and aequitas investment management, a lake oswego, oregonbased investment firm. As of 2010, it was the third largest law firm in portland when it had 86 attorneys. A look at aequitas history of litigation portland business journal.
Learn more about william mccormick, chair, aequitas capital management including contact information, career history, news and intelligence. Defunct aequitas misled investors, cooked books, ran ponzilike. The complaint also alleges that aequitas capital management inc. Information on acquisition, funding, cap tables, investors, and executives for empyr. Aequitas commercial finance acf is a receivership entity and is the entity which issued the private notes. With a 20plus year history, aequitas takes a unique approach to transform. Founded in 1993, aequitas capital management is an alternative asset management company dedicated to. Use the pitchbook platform to explore the full profile. At the time it was known as jmw capital partners inc. There is sufficient evidence of actual fraud and badges. 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.