• Alternative Investments

PPB Capital Partners Announces New Board of Managers & Chief Financial Officer

calendar_today February 7, 2020

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PPB Capital Partners is pleased to announce a new Chief Financial Officer and two new members of its board of managers, as the firm continues to grow its total capital invested to over $1 billion, with 250+ investments made.

Lance Baker has been appointed to serve as PPB Capital Partners’ Chief Financial Officer and has been named to its board of managers with a focus on financial matters. Lance is a principal with NexTier Solutions, a firm that provides a unique collaborative approach to outsourced finance, accounting, and business operations services.  He brings over 20 years of industry experience in the areas of fund structuring and operations, investment management, financial reporting, treasury functions, and investor relations. Previously, Lance was the Chief Financial Officer for Hatteras Funds, and served as Vice President of Operations at Smith Breeden Associates.  Lance is a CFA Charterholder and holds a CPA license.

John Grady, a Partner at Practus, LLP, has also been appointed to PPB Capital Partners’ board of managers, with a focus on legal and compliance issues. John has 30 years of investment management experience, working with various funds and advisers, including mutual funds, ETFs, interval funds, private funds and business development companies.  Prior to joining Practus, LLP, John was a Partner at DLA Piper (US), LLP. John is Past President of the Alternative & Direct Investment Securities Association, and currently serves as chair of ADISA’s legislative & regulatory committee. John will continue in his role at Practus, LLP, a boutique law firm focused on the asset management industry.

As Brendan Lake, Founder, President and CEO shares, “PPB could not be more pleased to welcome John and Lance.  With their individual depth of experience, and reputations for excellence in the industry, each of them is an ideal fit for PPB. As we continue to grow, we reflect on our foundation and look forward to the future. John and Lance will each be instrumental in that growth.”

John is pleased to serve PPB as a Member of PPB’s Board of Managers. John comments, “I think very highly of PPB’s approach to its business, and look forward to helping PPB navigate the increasingly complex legal and regulatory landscape“.

Lance is equally excited work with the PPB team as Chief Financial Officer and participate with the Board of Managers. He comments, “Breaking down barriers in the alternative investment space is something I am very passionate about. PPB has earned its reputation doing just that. It was a natural synergy for us.”

The PPB Simplistic Solution: EDUCATE. ENGAGE. EMPOWER.

Launched in 2008, with a 12-year operating history and having successfully navigated the financial crisis, PPB Capital Partners has perfected a simple approach to solving the investment challenges that wealth advisors face in the alternative space. PPB’s solution is two-fold:
1.) Operations/Fiduciary Services – Saving wealth advisors time and money by streamlining back office operations with a unique, customized, efficient white-glove service, unseen in the industry.
2.) Creating single purpose feeder funds and custom fund of funds, working with niche managers rarely seen by high net worth investors.

For more information on PPB Capital Partners, visit ppbcapitalpartners.com
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