"So this is no small investment. By providing a hyperlink to an external website or webpage, Penn Capital shall not be deemed to endorse, recommend, approve, guarantee or introduce any third parties or the services/products they provide on their websites, or to have any form of co-operation with such third parties and websites unless otherwise stated by Penn Capital. Even though the paper industry is contracting, it will stabilize, Cyr says. The company annual reports filed on Annual reports 3/17/2020. Prior to joining Penn Capital, Mr. Braunfeld was a Portfolio Manager of a high yield BB-rated bond portfolio for First Niagara Bank. They're following the game plan they started off with, and the plan is already starting to work.". A spokesperson for LongRange declined to comment. Maplelane is the investment manager to two private funds, Maplelane Master Fund Ltd. and NRMA LLC. It can be traced back to the 1800s and was even used by the German Army during World War II to power some of its vehicles, according to Robert Rice, a professor of wood science at the University of Maine who has worked with torrefaction in his lab for the past eight or nine years. By Erin Hudson. He currently serves as a Senior Portfolio Manager for Penn Capitals Micro Cap and Small Cap Value equity strategies. Penn Capital is not in any way responsible for the content of any externally linked website or webpage. On top of advisory services, the firm doesn't engage in other business activities. Confident that it could make the economics work, Cate Street in September purchased both mills for an undisclosed price from Brookfield. Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter. The torrefaction process is energy-intensive, shrinking the profit margins of any would-be producer of torrefied wood. Mr. Civera began his career with Penn Capital in 2010 and serves as an Assistant Portfolio Manager for Penn Capitals Small Cap, Small to Micro Cap, Small to Mid Cap and Mid Cap equity strategies. As a member of the Equity Risk Committee, Mr. Green works closely with the equity portfolio management team to contribute ideas specifically in the micro to mid-capitalization range. In addition, Mr. Silva has focused on several distressed debt situations, successfully completing a reorganization through serving on the official committee of creditors. The LENAPE CAPITAL LLC principal address is 2020 Gordon Drive, Naples, FL, 34105. Robert Crespi is a Trader at Maplelane Capital based in New York, New York. 1200 Intrepid Avenue, Suite 400 It has been registered with the SEC as an adviser since 2012. Maplelane invests primarily in the information technology sector and is headquartered out of New York, New York. Neither Symmetric nor its content providers are responsible for any damages or losses arising from any use of this information. Previously, he held positions at Bank of America Merrill Lynch and Janney Montgomery Scott. LENAPE CAPITAL LLC has been set up 6/26/2018 in state FL. Maplelane employs 20 people. This hyperlink is being provided as a convenience and for informational purposes only. Real Estate, Development & Land Use, Qualified Opportunity Zones Robert McLaughlin, CFA Director of Investment Services, Senior Partner Mr. McLaughlin joined Penn Capital in 2011 as Operations Manager. ICSC U.S. Shopping Center Law Conference: Become an Environmental Leasing Guru: Protect Your Client and Add Value to the Deal! Robert S. Crespi: Managing Member: March-2012: John M. Quinlan: Chief Compliance Officer, Chief Financial Officer: November-2014: Equal-WTWhaleScore 2.0 It got zero response. Fortunately for Thermogen Industries, the stringent environmental laws in Europe are forcing industrial plants to seek energy alternatives to traditional pollution-creating energy sources. This decision is take in action on 2/28/2022. The information contained herein: (1) is proprietary to Symmetric and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Hedge fund Maplelane Capital, run by Leon Shaulov and Rob Crespi, fell about 33% this month through Tuesday, hurt by its short positions such as GameStop (NYSE: GME), according to a Bloomberg. ", The whole process has instilled confidence in Eugene Conlogue who, as town manager of Millinocket for the past 12 years, has watched three companies fail at running the mills Bowater Corp. (1991-1999); Inexcon (1999-2002); and Brookfield (2003-2011). "Thermogen is going to be successful financially with or without the paper business, and the paper business is going to be successful with or without Thermogen.". Maplelane Capital Profile and History . The Business Case for Energy Efficiency: The Latest Technology for Office & Industrial Buildings Incentives, Implementation & Compliance, Rutgers: Working With Your Licensed Site Remediation Professional: Changing Roles and Responsibilities Under the NJDEPs NEW Site Remediation Program, 2011 International Council of Shopping Centers: U.S. Shopping Center Law Conference: Structuring Solar Energy Projects for Landlords and Tenants, NJICLE: Sophisticated Commercial Real Estate Practice Purchase, Sale, Leasing, Environmental, Land Use Issues & More. degree and a Certificate in Environmental Law. The firms first fund has since garnered a $1.5 billion investment from the California Public Employees Retirement System, a document for the retirement systems upcoming November 16 meeting shows. He has over 20 years' experience working in the financial markets with a focus on equity and credit research. It manages $3.31 billion of regulatory assets for 4 client accounts. While millwrights and paper makers are back to work at the East Millinocket mill, the mill in Millinocket has sat idle since Brookfield shut the doors more than three years ago, citing unsustainable energy costs. His primary areas of coverage is the Technology and Telecommunications sectors. When completed, the project will employ roughly 100 people in the Millinocket area. The managers's latest filing has disclosed 298MM in positions, which represents 26% of the manager's regulatory AUM. SEC form, multiple filers or classes of filers, and much more.***. Each of us shares a deep understanding and desire to create long-lasting relationships and wealth for our clients. 11/26/2022 5:41 AM. "All the things that were up in the Millinocket/East Millinocket area, from the infrastructure to the wood basket to the employees all of it was in sync with what the Thermogen business was all about," says Cyr. For now, the Millinocket mill, which Brookfield closed in September 2008 and had produced supercalendered paper for magazines, catalogs and newspaper inserts, remains shuttered. Berlin isnt the only ex-Navab employee to recently launch an investment firm. He also gained experience working for Morgan Stanley in Clearwater, FL as a financial advisor. Only includes UK, France, Germany, Japan, and HKEX are presently being processed. In October, it began construction on a 75 MW biomass plant in Berlin, N.H., at the site of the former Fraser Papers pulp mill. Founded in 2010, Maplelane Capital is a hedge fund management company that focuses on short term equity invesments. He received a BA in Accounting from Rutgers University and is a Certified Public Accountant. Phone Email. Meanwhile you can send your letters to 2020 Gordon Drive, Naples, FL, 34105. In East Millinocket, Great Northern is "very aggressively attacking every area to create efficiencies and to modernize and to invest in that paper mill so it's sustainable in the long term," he says. He also gained experience working at Lehman Brothers within its high yield loan portfolio group from 2004 - 2011. ROBERT STEVEN CRESPI owns more than 25% but less than 50% and is the MANAGING MEMBER of Maplelane Capital LLC. ", The Millinocket mill, however, is in worse shape. Torrefied wood production is nothing short of being a fantastic opportunity for this region, says Eugene Conlogue, Millinocket's town manager. He currently serves as Director of Investment Services with responsibility for overseeing the firms middle-to-back office processes, client reporting, and client service functions. LongRange was founded by Robert . "Otherwise, that machine will never be cost effective. The assets under management (AUM) of Maplelane Capital LLC is $3.31 billion, all of which is managed in discretionary accounts. Mr. Silva began his career with Penn Capital in 2002 as a Research Analyst focused on technology and industrial companies. Performance numbers calculated through 2023-02-14. Find more contacts. New Jersey Business Magazine: NJs LSRP Program the Focus of New World of Site Remediation Discussion, CSG and Atlantic Environmental Solutions: The New World of Site Remediation, CSG Law Alert: NJDEP Adopts Amended Site Remediation Regulations, New Jersey Business Magazine: Compliance Averaging A Technical and Legal Perspective, The Journal of Water Law: A High-Level Review of the Changes, Revisions, and Additions, EPAs 2017 General Permit Regulating Stormwater Discharges from Construction Activities Now Effective. Chief Operating Officer, Spouting Rock Asset Management. Employees dont receive compensation from other entities for client referrals. Other machines will follow, depending on the market and other factors, he says. Among the 8 most similar advisory firms, Maplelane Capital has the 3rd highest percentage of pooled investment vehicles out of all clients. Blue Sky Digital Outdoor Advertising Fund Fund Data, Sarasin Ie Global Equity Opportunities (Usd) Fund Data, Themelios Ventures Ii-A, L.P. Fund Data. Corner Office. EPAs Proposed 2017 General Permit Regulating Stormwater Discharges from Construction Activities, Commerce and Industry Association of New Jersey/Environmental Business Council Fall Conference: Navigating Environmental Land Use Issues When Remediating Sites, Remedial Investigation Extension Bill Adopted, NAIOP Energy Series Seminar: Solar/Renewable Energy Systems, Brownfield Coalition of the Northeast (BCONE), Board Member and Advisory Council Member, NAIOP New Jersey Chapter, Energy and Sustainability Committee, Past Co-Chair; Education Committee, Past Co-Chair; Regulatory Affairs Committee, Member, Urban Land Institute, Northern New Jersey Council, Membership Committee, Past Co-Chair; Executive and Sustainability Committees, Member. As Director of Research, he is responsible for guiding the firms day-to-day global investment research process. Working together, the board and investment team continue to evolve our private equity portfolio to drive value for our members and beneficiaries.. In September, Annette Rodriguez, who was a partner at Navab, co-founded MKH Capital Partners, a private equity firm backed by two families: the Mottas and the Kazmas. The Navy Yard Corporate Center You are limited to the prior 8 quarters of 13F filings. He received a BSBA cum laude from American University and an MBA from the Yale School of Management. Venture Capital & Private Equity, Finance. "Initially, to be honest with you, the paper business was nothing we were interested in," says Richard Cyr, Cate Street's senior vice president. This website uses cookies to improve your experience. this page. LongRange will invest between $50 million and $400 million in target companies via majority, minority, and joint venture stakes. MAPLELANE OFFSHORE FUND, LTD. - fund raising filing MAPLELANE OFFSHORE FUND, LTD. Industry: Pooled Investment Fund (See others in industry) Address: Intertrust Corporate Svcs (Cayman) Ltd One Nexus Way, Camana Bay Grand Cayman, E9, KY1-9005 Phone: 212-235-0800 Filings Investing involves risk including loss of principal. She also serves as the President of the Ethel Mae Hocker Foundation and received a BS in Education from Rollins College. . Mr. Keane has over 31 years of experience in the engineering and technology industries and holds numerous Information Technology industry certifications. Mr. Hocker received both his BS in Accounting and an MBA in Finance from the Kogod School of Business at American University. All text and design is copyright 2020 WhaleWisdom.com. Their last reported 13F filing for Q4 2022 included $963,237,816 in managed 13F securities and a top 10 holdings concentration of 67.8%. The current status of the business is Active. Crespi: Robert: Street Address 1 Street . CSG Law Alert: Goodbye to Stormwater Detention Basins? We're there for the long term and everything we're doing is about reinvesting into that area and those paper mills, as well as the Millinocket site for Thermogen. Prior to Evergreen, he was a Director at Deutsche Asset Management, where he held various positions including Trader and Portfolio Analyst on the Global High Yield team and Performance Analyst in the Fund Administration group. The process drives a number of combustible gases from the wood, reducing the pollution profile of the resulting product, and eventually leads to charcoal. In November 2019, when Institutional Investor last reported on Navab, Berlins plans were still not publicly known. Due to our new system upgrade, we are requesting all existing users to update their password. ", Unlike its predecessors, Conlogue says, the company seems more interested in investing in the mills. Robert S. Crespi: Managing Member: March-2012: John M. Quinlan: Chief . Maplelane Capital, LLC | 301 followers on LinkedIn. He received a BA in Organizational Behavior and Management from Brown University. Penn Capital Short Duration High Income Fund, Penn Capital Opportunistic High Income Fund, Penn Capital Special Situations Small Cap Equity Fund. Hedge Fund 82 percent of the employees work as investment advisers or researchers. ", Backing those lofty goals, Cyr says the company is fully committed to the business and making the two Maine paper mills a main concern for the long term. He also gained experience working for the Center for Financial Research and Analysis, a forensic accounting research firm, as well as an Analyst for Global Capital Management. Michele Reing, who has been at Carlyle since 2011, most recently as its deputy head of fund management, joined LongRange Capital in October, its form ADV shows. Environmental All rights reserved. Using or following this link is at your own risk and Penn Capital is not responsible for any damages or losses incurred or suffered by you arising out of, or in connection with, your use of the link. Stocks and cryptocurrency portfolio tracker, Chief compliance officer, chief financial officer. Award Methodology This content is from: Both mills have inefficiencies related to their machinery and energy usage, Cyr says. Alt Turnover is calculated by taking either the total MV of new purchases or Maplelane Capital LLC. We take your privacy seriously. Ex-Navab Capital Partner Hires Carlyle Exec for New Firm, This content is from: The plan seems to be working. He attended Glasgow University and holds an Accounting HND from Glasgow College of Commerce. 51 Astor Pl Fl 10, New York, New York, 10003, United States, Chief Operating Officer & Chief Financial Officer, Find your B2B customer within minutes using affordable, accurate contact data from Datanyze, Maplelane Capital headquarters are located in 51 Astor Pl Fl 10, New York, New York, 10003, United States, Maplelane Capitals main industries are: Finance, Venture Capital & Private Equity, Finance, Maplelane Capital appears in search results as Maplelane Capital, Maplelane Capital LLC, Maplelane Domestic Fund LP, llcMaplelane Capital LLC, Maplelane 1719 Fund LP, Get Free Access to Maplelane Capital Contacts Info. As a member of the Equity Risk Committee, Mr. Civera works closely with the equity portfolio management team to contribute ideas specifically in the micro to mid-capitalization range. "This is the third ownership change I've seen since I've been here in 12 years," Conlogue says. Create Email Alert, ***Log In or As a member of the Equity Risk Committee, Mr. Bolen works closely with the equity portfolio management team to contribute ideas specifically in the micro to mid-capitalization range. Last Update. In December 2020, Spouting Rock Asset Management (SRAM) entered into an agreement to become the majority owner of Penn Capital. On average, the discretionary accounts where all decisions are made on behalf of the client hold $827.39 million each. Robert S. Crespi is Managing Member at Maplelane Capital Llc and has been affiliated with Maplelane Capital Llc since March-2012. Leon Shaulov and 56 Leonard Street (YJP, Matt Clare/Wikimedia) Leon Shaulov, founder of hedge fund Maplelane Capital, has found a buyer for his lofty . ", As for Thermogen Industries, the company will benefit from the existing infrastructure in place and share resources with Great Northern Paper that will make them both more competitive. However, its plans came to light in December after the company announced it had spent $20 million to acquire the North American rights from a Scottish company to a microwave-based technology that produces torrefied wood. Thermogen plans to send the torrefied wood produced in Millinocket to the United Kingdom, says Richard Cyr, senior vice president of Cate Street and CEO of Great Northern Paper. Mr. McBride has over 20 years of operational and managerial experience including serving as a Vice President and Controller with the NCO Group, Inc., a leading global provider of business process outsourcing solutions. The last significant event in the company history is VOLUNTARY DISSOLUTION which is dated by 2/27/2022. Penn Capital's headquarters are located in a state of the art, LEED-Certified, energy efficient building at the Philadelphia Navy Yard. . Prior to DIA, Mr. Hocker trained as a corporate lender and supported key senior lenders at Provident National Bank, which is now PNC Bank, a top 20 US Banking institution. "We're certainly keenly aware of the pitfalls of the past with people who have tried to run that paper mill and we believe we've learned from the mistakes of others," Cyr says. Torrefied wood is not a new technology. GameStop lead to a lot of hedge-fund headaches in January. Track performance, allocation, dividends, and risks, Annotate, download XLSX & look up similar tables, Filter, compare, and track coins & tokens. Mr. McBride is responsible for the oversight of the Penn Capitals finance, operations, technology, and administration functions and serves on the firms Executive Team, which oversees the firm's overall corporate strategy and management. Background Maplelane Caused Regulation SHO Violations Sign-up Please. Robert is Managing Member and has served as Managing Member since 03/01/2012. Entering text into the input field will update the search result below. "It's not that we're not about making money we are. 212-235-0800: 3. At the time, it put approximately 200 people out of work. Robert Steven Crespi is an employee with Maplelane Capital LLC, a hedge fund company.