James Pyo, Ivaldo Basso and Beth Rahn Join New Catalyst to Strengthen Investment and Value Creation Capabilities
New Catalyst Strategic Partners ("New Catalyst" or the "Firm"), an independent alternative investment firm dedicated to providing solutions for Next Generation GPs, today announced the hiring of James Pyo as Portfolio Manager to support the Firm's investing activities and value creation services. New Catalyst also announced the addition of Ivaldo Basso and Beth Rahn as Operating Partners, who are focused on enhancing the business practices, fundraising and operational infrastructure of New Catalyst's partner firms.
"We are thrilled to welcome James, Ivaldo, and Beth to the New Catalyst team," said Jason Howard, Founder and Managing Partner of New Catalyst. "Their deep experience and knowledge of the private markets significantly enhance our resources and ability to support Next Generation GPs. With their contributions, we believe that we are well-positioned to provide the strategic capital and value creation resources necessary for our partners to achieve their goals and drive sustainable growth over the long term."
- James Pyo, Portfolio Manager, joins New Catalyst with over a decade of relevant experience in the asset management industry. Most recently, he was a Director at Wafra Inc., where he focused on investing in and structuring strategic partnership mandates, completing and managing GP seeding and GP stake investments in asset management businesses, GP financings, private equity secondary transactions, co-investments, and primary fund commitments. James has deep experience in sourcing, valuation, diligence, structuring, negotiation, and execution of investments, as well as general partner value creation services. Before Wafra, James was an Associate General Counsel at Millennium Management, LLC, handling various fund formation and management company matters. He began his career at Davis Polk & Wardwell LLP as an associate in its investment management group. He holds a JD from Cornell Law School and an AB in Physics and Philosophy from Dartmouth College.
- Ivaldo Basso, Operating Partner, brings over 30 years of experience in the alternative investments industry and specializes in firm infrastructure development, vendor evaluation, and ongoing operational due diligence monitoring. Previously, Ivaldo served as Chief Financial Officer and Head of Operational Due Diligence at GCM Grosvenor. In recent years, Ivaldo has worked as an independent consultant, assisting alternative investment firms with launches and helping them transform their operational infrastructure to achieve industrial-strength performance. In his role at New Catalyst, Ivaldo will help alternative investment managers develop and enhance their operational frameworks. Ivaldo holds a Bachelor of Science in Accounting from Northern Illinois University.
- Beth Rahn, Operating Partner, is a 15+-year private investments executive, having spent her career as a private markets fundraiser. She is the Founder & Managing Partner of New Era Advisors, a fundraising advisory firm focused on providing fund placement services to emerging and diverse investment managers in the private markets. In her role with New Catalyst, Beth will support alternative investment managers in capital formation and distribution. Prior to launching New Era Advisors, Beth led fundraising and investor relations as Head of Family Capital at McNally Capital, a private equity buyout firm. At McNally, Beth raised capital for direct investments as an independent sponsor and led the launch and capital raise of McNally's inaugural committed buyout fund, including raising co-investment capital alongside the fund. She also served on McNally's Investment Committee. Before joining McNally, Beth worked in investor relations at Sterling Partners, a small and middle-market private equity firm. Beth holds an MBA from the Kellogg School of Management and a BS in Finance and Marketing from the University of Illinois. She is an active member of the Private Equity Women Investor Network (PEWIN) and serves on its Mid-Atlantic Events Committee.
New Catalyst formally launched in January 2024 in strategic partnership with Apollo Global Management (NYSE:APO) and offers a range of strategic capital solutions to Next Generation fund managers.
About New Catalyst Strategic Partners
New Catalyst Strategic Partners ("New Catalyst") is a majority diverse-owned and independent alternative investment firm founded by Jason Howard. New Catalyst seeks to acquire economic interests and minority ownership in Next Generation private markets firms, providing them with the flexible, strategic capital, and value creation resources they need to grow and succeed. To learn more, please visit www.newcatalystsp.com.
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TJ White
Managing Director, Sloane & Company
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