Investment bank Houlihan Lokey has acquired Red Pine Advisors, a New York-based financial advisory firm that specialises in the valuation and pricing of illiquid structured product portfolios.
Red Pine will be part of Houlihan Lokey’s portfolio valuation and advisory services practice, which values illiquid instruments held by alternative asset managers and other financial institutions.
Red Pine’s principals bring decades of experience in various asset classes, including structured products, real estate loans and illiquid corporate credit instruments.
Red Pine’s three principals and 20 employees join Houlihan Lokey as part of this transaction.
“Red Pine has developed a compelling platform and a strong reputation for the valuation of structured products, particularly in the banking, insurance and asset management industries,” says Michael Fazio (pictured), managing director and head of Houlihan Lokey’s portfolio valuation and advisory services. “Their expertise, technology and market position complement our existing business and will allow us to compete aggressively within this growing market segment.”
“We are excited to join forces with Houlihan Lokey, a pioneer in the valuation business, at a time when the firm is clearly expanding its footprint across the globe,” adds Mitchell Kahn, managing principal of Red Pine. “We think our capabilities in structured products will be a valuable addition to the organisation and clients of both firms will benefit greatly from the combination.”
Prior to founding Red Pine Advisors with Thomas Bogal and Wade Vandegrift, Kahn was the co-president of Rait Financial Trust.
