Instar Appoints New Managing Partner
TORONTO, Sept. 14, 2021 (GLOBE NEWSWIRE) — Instar Asset Management (“Instar” or the “Company”) today announced that Morty White, a seasoned private equity executive with over 25 years of experience in the North American middle market, has been appointed Managing Partner. Mr. White joins Instar’s executive management team where his responsibilities will include driving and elevating the Company’s origination and execution strategies and investment management activities.
“Morty has built his career around the same approach to partnerships, community, and coaching and mentoring that originally inspired Instar’s purpose of enriching people’s lives,” said Gregory J. Smith, President and CEO of Instar. “I’m delighted that he has chosen to bring his expertise and leadership to our team. Instar’s focus on people defines our culture and positions us to expand our network, pursue novel investment opportunities and grow our team. Morty’s insight, deep market relationships and proven investing experience are invaluable to these pursuits and the next phase of Instar’s growth.”
“What excites me about Instar is the opportunity to join a team that is building expertise in such an underserved market, and that prizes curiosity and challenging the status quo,” said Mr. White. “I look forward to working with everyone to build upon an already distinctive platform, enhancing the investment universe, extending Instar’s reach to a wider market and finding those new partnership opportunities.”
Mr. White was most recently a Managing Director at Wynnchurch Capital, a private equity firm focused on investments in the North American middle market, where he spearheaded the American company’s Toronto office for 12 years. Prior to Wynnchurch, Mr. White ran a consulting practice advising equity funds and growth companies, and held senior positions at GE Capital, including serving as a Vice President in the company’s Telecom, Media and Technology Group. While at GE Capital, Mr. White was a part of the team that launched the company’s Merchant Banking Group and co-founded the private equity division.
About Instar Asset Management
Instar Asset Management is an independent alternative asset management firm focused on North American middle-market opportunities in the infrastructure sector and other alternative real asset categories. Instar’s growing footprint spans North America with a diversified portfolio of companies that deliver essential infrastructure services and value to communities, partners and investors, helping us to fulfil our purpose of enriching people’s lives. Visit www.InstarInvest.com
For More Information:
Tel: (416) 865-4181
Email: [email protected]
This release contains “forward-looking information” within the meaning of Canadian provincial securities laws and “forward-looking statements” within the meaning of the United States’ federal securities laws. Forward-looking statements include statements that are predictive in nature, depend upon or refer to future events or conditions, include statements regarding the operations, business, financial condition, expected financial results, performance, prospects, opportunities, priorities, targets, goals, ongoing objectives, and includes words such as “believes”, “seeks”, or negative versions thereof and other similar expressions, or future conditional verbs, such as “may”, “will”, “should”, “would” and “could.”
Although Instar Asset Management believes that future anticipated results, performance or achievements expressed or implied by the forward-looking statements and information are based upon reasonable assumptions, the reader should not place undue reliance on forward-looking statements or information as statements or information involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to differ materially from anticipated future results, performance or achievements express or implied by such forward looking statements and information.
Factors that could cause actual results to differ materially from those contemplated or implied by forward-looking statements include: economic and financial conditions; the behavior of financial markets (including fluctuations in exchange and interest rates); availability of equity and debt financing; strategic actions including dispositions; the ability to complete and effectively integrate acquisitions and the ability to obtain expected benefits; regulatory and political factors; acts of God; and the possible impact of international conflicts, including terrorism, among other risks and factors.
This document is for informational purposes only and does not constitute a general solicitation, offer or invitation in any Instar-managed funds in the United States or in any other jurisdiction and has not been prepared in connection with any such offer. In addition, the information contained in this document may not be relied on in any manner as legal, tax or investment advice. The views expressed herein do not constitute investment or any other advice and are subject to change.
This document has not been approved by the United States Securities and Exchange Commission or by any regulatory or supervisory authority of any state or other jurisdiction, nor has any such authority or commission passed on the adequacy of this document. Any representation to the contrary is unlawful.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e1d2817c-e17f-4136-9b88-f342ca85e9cf