Alex Saporito Joins Flexpoint Ford

Alex Saporito Joins Flexpoint Ford

flexpoint nf1Flexpoint Ford has hired Alex Saporito as the firm’s newest Managing Director.  Mr. Saporito will be responsible for overseeing the firm’s special assets fund. He will be based in the firm’s New York office.

“We are very excited to welcome Alex to the Flexpoint Ford team,” said CEO Don Edwards. “Alex brings a wealth of experience in the analysis, structuring and financing of financial assets, which will significantly enhance Flexpoint’s position as a financial services investor in both our private equity and asset funds.”

In August 2015, Flexpoint Ford closed on nearly $1.3 billion of new capital with the closings of its third private equity fund, Flexpoint Fund III, LP (Fund III) at $950 million and Flexpoint Special Assets Fund, LP at $317 million. The firm had targeted $750 million for Fund III and $250 million for the Special Assets Fund.

As with earlier funds, Fund III makes both control and non-control investments in financial services and healthcare companies.  The Special Assets Fund provides the firm with the ability to invest directly or indirectly in pools of financial assets such as loans, leases, books of insurance and other assets associated with financial services companies.

“The Special Assets Fund provides us with a vehicle to invest in opportunities where a target company itself may not be an appropriate candidate for our private equity fund structures but might have financial assets that can be acquired with the potential to provide attractive risk-adjusted returns,” said Steven Begleiter, a New York-based Managing Director at Flexpoint Ford. “Alex’s structured finance experience will be invaluably additive to the portfolio and the firm.”

Mr. Saporito was previously a Managing Director and Global Head of Structuring for Securitized Products at Morgan Stanley, where he designed and executed asset-backed financing transactions in both the primary and secondary market. He earned a BS in chemical engineering from Cornell University and an MBA from Columbia University.

“I am thrilled to join the Flexpoint Ford team,” said Mr. Saporito. “In my view, the firm’s specialized proficiency gained through the private equity business gives Flexpoint Ford a competitive advantage to invest in the rapidly evolving financial asset market.”

Flexpoint Ford invests from $10 million to $100 million in companies operating in the healthcare and financial services sectors and has the ability to invest up to $200 million in a single transaction.  The firm currently has $2 billion in capital under management.  Flexpoint Ford was founded in 2005 and is based in Chicago with an additional office in New York (

© 2015 PEPD • Private Equity’s Leading News Magazine • 11-16-15

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