Andrew Dempsey has joined Easterly Capital as a new managing director. Mr. Dempsey was previously the chief operating officer of Fortress Investment Group’s Permanent Capital Business Group. Mr. Dempsey will be responsible for capital formation and business development.
“Andrew Dempsey has built a reputation for helping to grow businesses while providing access to extraordinary opportunities for institutions and other investors,” said Chief Financial Officer Darrell Crate. “Andrew will be an excellent addition to our growing roster of accomplished private investment executives as we continue to identify and create products for clients that achieve specific risk-return objectives at a fair cost.”
Mr. Dempsey most recently was a managing director at Fortress Investment Group, where he served as chief operating officer of the Permanent Capital Business Group and as a member of the firm’s Management Committee. Prior to that, he was the global head of capital formation for the Liquid Markets business at Fortress.
Prior to joining Fortress in 2005, Mr. Dempsey was a regional director for Allegiance Capital with responsibility for marketing and distribution of fixed-income products for the southwest United States and Mexico. Earlier, he was a fixed-income specialist for the Enterprise Unit at SEI Investments. A native of Huntington Beach, CA, Mr. Dempsey received a BBA degree in Economics and Finance with a second major in Mathematics from the University of Notre Dame, where he was a member of the varsity football team.
Easterly Capital is a private asset management firm that develops both alternative and traditional investment vehicles to satisfy the specific risk return objectives of clients. Easterly’s products are comprised of real estate, natural resources, and financial assets, including those in niche, non-bank finance markets. Through an affiliate, Washington, DC-based Easterly Partners, Easterly invests in a highly specialized segment of the US Government-leased real estate market. As of March 31, 2014, Easterly Capital, through its affiliated entities, managed over $1 billion of assets, mostly in private equity and alternative vehicles for institutional and ultra high net worth investors. The firm was founded in 2009 and is based in Beverly, MA (www.easterlycapital.com).
2014 PEPD • Private Equity’s Leading News Magazine • 6-19-14