Cresset

American Pain Consortium Announces Strategic Growth Investment from Cresset Partners, Cedar Pine, and American Discovery Capital

Retrieved on: 
Wednesday, January 3, 2024

INDIANAPOLIS, CHICAGO, and LOS ANGELES, Jan. 3, 2024 /PRNewswire/ -- American Pain Consortium ("APC" or the "Company"), a market-leading, physician-led provider of advanced Interventional Pain Management ("IPM") services, today announced a strategic growth investment from Cresset Partners, Cedar Pine, and American Discovery Capital.

Key Points: 
  • INDIANAPOLIS, CHICAGO, and LOS ANGELES, Jan. 3, 2024 /PRNewswire/ -- American Pain Consortium ("APC" or the "Company"), a market-leading, physician-led provider of advanced Interventional Pain Management ("IPM") services, today announced a strategic growth investment from Cresset Partners, Cedar Pine, and American Discovery Capital.
  • As part of the transaction, American Discovery Capital, an existing investor in the business, has made a new equity investment into the Company.
  • In addition to the growth equity capital raised by the Company, J.P. Morgan, the Company's current lender, increased its financial support of the Company.
  • "This investment validates our vison to deliver a national platform focused on empowering like-minded Interventional Pain Management physicians."

Forbes Once Again Names Cresset One of America's Top RIA Firms

Retrieved on: 
Monday, October 16, 2023

CHICAGO, Oct. 16, 2023 /PRNewswire/ -- Cresset Asset Management (Cresset) has once again been named to Forbes' annual list of America's Top RIA Firms, rising to the #32 slot among 250 firms ranked, up from #48 in 2022.

Key Points: 
  • CHICAGO, Oct. 16, 2023 /PRNewswire/ -- Cresset Asset Management (Cresset) has once again been named to Forbes' annual list of America's Top RIA Firms , rising to the #32 slot among 250 firms ranked, up from #48 in 2022.
  • "We are honored to once again be recognized by Forbes as one of the top RIA firms in the nation," said Avy Stein , Co-Founder and Co-Chairman of Cresset.
  • The Forbes ranking of America's Top RIA Firms, developed by SHOOK Research , is based on an algorithm of qualitative criteria, mostly gained through telephone, virtual and in-person due diligence interviews, and quantitative data.
  • View Forbes' full 2023 list of America's Top RIA Firms: https://www.forbes.com/lists/top-ria-firms/?sh=40b01cd3cd5b

Cresset Rises to #9 in Barron's List of the Top 100 RIA Firms

Retrieved on: 
Thursday, September 21, 2023

CHICAGO, Sept. 21, 2023 /PRNewswire/ -- Cresset Asset Management rose to the #9 spot in Barron's Top 100 RIA Firms list for 2023, up from #12 in 2022, and #32 in 2021. Barron's also named Cresset Advisors Chris DeMonte (#88), David Karp (#6), Charlie Maxwell (#53), and Wen Nottebohm (#77) to its 2023 list of the Top 100 Independent Advisors.

Key Points: 
  • CHICAGO, Sept. 21, 2023 /PRNewswire/ -- Cresset Asset Management rose to the #9 spot in Barron's Top 100 RIA Firms list for 2023, up from #12 in 2022, and #32 in 2021.
  • Barron's also named Cresset Advisors Chris DeMonte (#88), David Karp (#6), Charlie Maxwell (#53) , and Wen Nottebohm (#77) to its 2023 list of the Top 100 Independent Advisors .
  • "We are once again incredibly gratified to be recognized as one of the top RIA firms by Barron's.
  • For Cresset to be ranked among the top 10 RIA firms in the nation just six years since our founding is nothing short of incredible.

Cresset Names Bradley Schneider Head of Private Credit

Retrieved on: 
Wednesday, August 9, 2023

CHICAGO, Aug. 9, 2023 /PRNewswire/ -- Cresset announced today that it has hired Bradley Schneider as Managing Director, Head of Private Credit. Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing. In his role with Cresset, he will be responsible for the strategic leadership and expansion of Cresset's holistic private credit program, including Cresset's flagship private credit vehicle (CPCF).

Key Points: 
  • CHICAGO, Aug. 9, 2023 /PRNewswire/ -- Cresset announced today that it has hired Bradley Schneider as Managing Director, Head of Private Credit.
  • Schneider, who most recently was Head of Private Credit with Midwest Holding, brings more than 20 years of experience focused on private and alternative credit investing.
  • In his role with Cresset, he will be responsible for the strategic leadership and expansion of Cresset's holistic private credit program, including Cresset's flagship private credit vehicle (CPCF).
  • "Bradley brings exactly the depth of experience in private credit that is needed in this dynamic market and economic environment.

Cresset Enters Joints Venture with Level 2 Development and SJG Properties, Marking the Firm’s Latest Qualified Opportunity Zone Fund Investment

Retrieved on: 
Thursday, August 3, 2023

This will be the first project in Cresset’s third Qualified Opportunity Zone fund, Cresset Diversified QOZ Fund III (“Fund III”).

Key Points: 
  • This will be the first project in Cresset’s third Qualified Opportunity Zone fund, Cresset Diversified QOZ Fund III (“Fund III”).
  • “We are excited to partner with Cresset Partners in our Scott’s Addition Project,” said Ashley Wiltshire of SJG Properties.
  • Cresset’s experience in Opportunity Zone projects and their long-term investment strategy made them a natural choice as a partner in developing The Ace.
  • “We’re very excited to support that growth by partnering with Level 2 and SJG on The Ace Apartments project.

TRUE Cresset Names Brandon Williams and Jon Marc Carrier as Wealth Advisors

Retrieved on: 
Tuesday, July 18, 2023

CHICAGO, July 18, 2023 /PRNewswire/ -- TRUE Cresset | Sports + Entertainment announced today that it has hired Brandon Williams as Director, Wealth Advisor; and Jon Marc Carrier as Associate Director, Wealth Advisor. With extensive experience in professional sports business and operations, Williams and Carrier will work closely with TRUE Cresset's professional athlete clients to identify and create opportunities to build and grow their financial portfolios for the long term.

Key Points: 
  • CHICAGO, July 18, 2023 /PRNewswire/ -- TRUE Cresset | Sports + Entertainment announced today that it has hired Brandon Williams as Director, Wealth Advisor; and Jon Marc Carrier as Associate Director, Wealth Advisor.
  • "Brandon and Jon's extensive experience working with professional athletes and hyper client-focused mindset make them a perfect fit for TRUE Cresset.
  • We are incredibly excited to welcome them to the team," said Doug Raetz , Co-President of TRUE Cresset Sports + Entertainment.
  • I am excited about bringing those passions together at TRUE Cresset," Carrier said.

Liz Nesvold Joins Cresset as President

Retrieved on: 
Tuesday, May 2, 2023

CHICAGO, May 2, 2023 /PRNewswire/ -- Cresset announced today that Liz Nesvold has joined the firm as President. In this newly created role, Nesvold will oversee the firm's strategy and offerings for founders, entrepreneurs, and multi-generational families, firm-wide integration, and Cresset's 100-year vision, alongside Co-Founders Eric Becker and Avy Stein. Her primary focus will be to ensure that Cresset clients continue to receive a deeply personalized, holistic, boutique family office experience.

Key Points: 
  • CHICAGO, May 2, 2023 /PRNewswire/ -- Cresset announced today that Liz Nesvold has joined the firm as President.
  • Her primary focus will be to ensure that Cresset clients continue to receive a deeply personalized, holistic, boutique family office experience.
  • "I am thrilled to join the Cresset team as its first-ever President," Liz Nesvold.
  • "I am thrilled to join the Cresset team as its first-ever President and work alongside two visionary entrepreneurs and founders, Eric Becker and Avy Stein, as well as an incredible team," said Nesvold.

Cresset Partners Has Launched Evergreen Private Credit Fund

Retrieved on: 
Tuesday, January 10, 2023

CHICAGO, Jan. 10, 2023 /PRNewswire/ -- Cresset Partners has launched the Cresset Partners Private Credit Fund, LLC (the "Fund"). The Fund invests in a diversified portfolio of private senior secured loans, among other private credit opportunities, with the objective of delivering consistent income and strong downside management.

Key Points: 
  • CHICAGO, Jan. 10, 2023 /PRNewswire/ -- Cresset Partners has launched the Cresset Partners Private Credit Fund, LLC (the "Fund").
  • The Fund invests in a diversified portfolio of private senior secured loans, among other private credit opportunities, with the objective of delivering consistent income and strong downside management.
  • In addition, strong tailwinds exist for private credit due to the significant amount of "dry powder" that remains within private equity funds, providing for a sustained private credit opportunity environment for the foreseeable future.
  • "Cresset has utilized our significant scale, along with our deep industry relationships and strong reputation, to provide investors with an institutional-quality solution to invest in private credit."

Cresset Partners Hires Shari Young Lewis as Managing Director, Private Funds Group

Retrieved on: 
Tuesday, November 29, 2022

CHICAGO, Nov. 29, 2022 /PRNewswire/ -- Cresset Partners announced today that it has hired Shari Young Lewis as Managing Director, Private Funds Group.

Key Points: 
  • CHICAGO, Nov. 29, 2022 /PRNewswire/ -- Cresset Partners announced today that it has hired Shari Young Lewis as Managing Director, Private Funds Group.
  • Cresset Partners has quickly become a leader in the private funds space, and I look forward to contributing to that growth," Lewis said.
  • In June of 2022, Cresset Partners named Kevin O'Donnell Executive Managing Director of its Private Funds Group, encompassing private equity, private credit, and venture capital.
  • Cresset Partners is a private investment firm focused on providing its investors with direct access to investment opportunities in private companies, real estate, private credit, private equity secondaries, and venture capital.

Forbes Names Cresset One of America's Top RIA Firms

Retrieved on: 
Monday, November 7, 2022

CHICAGO, Nov. 7, 2022 /PRNewswire/ -- Cresset Asset Management (Cresset) has been named to Forbes' 2022 inaugural list of America's Top RIA Firms. As Forbes states, "Never before has the need for steady-handed financial advice been greater. Registered investment advisory (RIA) firms, which are legally bound by a fiduciary standard, remain one of the fastest-growing segments in the wealth management business, precisely because they are committed to working in a client's best interest rather than for such things as high commission products."

Key Points: 
  • CHICAGO, Nov. 7, 2022 /PRNewswire/ -- Cresset Asset Management (Cresset) has been named to Forbes' 2022 inaugural list of America's Top RIA Firms .
  • Forbes Names Cresset One of the Top RIAs in America.
  • "We are honored to once again be recognized as one of the top RIA firms in the nation," said Avy Stein , Co-Founder and Co-Chairman of Cresset.
  • Cresset offers access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning, and other services through Cresset Asset Management LLC.