This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Oppenheimer's Investment Banking Division Announces Creation Of The Private Shares Group

Stocks in this article: OPY

NEW YORK, Nov. 21, 2013 /PRNewswire/ -- Oppenheimer & Co. Inc., a unit of Oppenheimer Holdings (NYSE:OPY), today announced that it completed the purchase of certain assets of Greencrest Capital, a NY-based research and advisory firm that specialized in providing insight and access into late stage private companies.  As part of the agreement, Boaz Rahav, Greencrest's founder, has joined Oppenheimer as Managing Director to establish and lead the firm's Private Shares Group.  The new Group will be exclusively focused on providing liquidity and new capital solutions for private companies and their shareholders, including venture capital firms and angel investors.  Boaz will be joined by L.D. Salmanson, who comes to the firm as a Director in the Private Shares Group.  Boaz will be based in New York and L.D. will be based in Boston.

Boaz and L.D. had previously established Greencrest Capital, a leading advisory firm that successfully provided liquidity solutions for private companies and their shareholders.  At Oppenheimer, the Private Shares Group will work alongside Technology and other Investment Banking Industry Groups to specifically target the large number of venture capital backed and founder owned companies that have liquidity and other capital needs. 

"We believe this dedicated product group provides a significant opportunity for Oppenheimer to deepen its relationships with private companies, and their venture capital owners, as they consider long-term monetization options" said Marc Thompson, Co-Head of Investment Banking and Head of Technology for Oppenheimer. "The team also brings a large number of buy-side relationships which will be greatly enhanced by working closely with our industry and capital markets professionals."

Boaz has over 20 years of investment experience, portfolio management, and new product development.  Formerly the Chief Economist for the Government of Israel Ministry of Finance in New York, Boaz was one of the first investment professionals to launch a complex of specialized index funds, which allowed investors to gain exposure to unique market segments.  He has held senior managerial positions in various Wall Street firms including Greencrest Capital, Knight Capital, Northeast Securities and AMIDEX Funds.  Mr. Rahav has a business degree from Tel Aviv College of Business and an MBA from the New York Institute of Technology.

Mr. Salmanson has over ten years of experience in working with private and public technology companies as Director and Principal at The Salmanson Fund, responsible for origination and execution of Primary and Secondary investments in TMT companies. Mr. Salmanson received a B.A. in Finance, an LL.B. in Commercial Law, an LL.M. in International Commercial Law from IDC Herzliya in Israel, as well as an MBA from the University of Pennsylvania Wharton School.

"We're excited to establish the Private Shares Group as it instantly strengthens our Technology Group's ability to better serve its extensive client base by delivering a more expansive suite of banking products," said Bruce McCarthy, Co-Head of Investment Banking and Head of M&A.

"I am very excited about our team joining Oppenheimer. It's one of the leading investment banks in the Technology sector with a long history of working with some of the fastest growing emerging technology companies around the globe," says Boaz. "Oppenheimer offers its clients tremendous industry insight combined with a full breadth of products and resources to support and advise premier Technology companies."

1 of 2

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs