Buyout company focused on services and infrastructure Bernard Capital hired Phillip Preis as managing director to lead the firm’s capital markets business.
Preis joined Bernhard from Dundon Advisors where he was managing director and led the firm’s investment banking team. He helped develop his advisory business with the Unsecured Creditors Committee.
He was previously a manager at Houlihan Lokey’s Financial Restructuring Group, where he led financial restructuring assignments for both the company and creditors.
Timothy PocketCOO at Bernhard Capital, said: “Having worked closely with Phil on a range of complex transactions and capital markets activities, we have great confidence in his abilities, vision and ability to execute.
“His unique perspective will serve both the company and our portfolio companies as we navigate today’s increasingly sophisticated financial markets and develop our investment platform.” We are delighted to welcome him to the Bernhard Capital team.
Preis said, “I have had the privilege of working with the Bernhard Capital team for many years, and I am excited about the opportunity to join such a talented organization with a long track record of successful business development. .
“I look forward to leveraging my experience in both credit and broader capital markets to leverage the company’s momentum and support its portfolio of exceptional infrastructure-focused businesses and Services.
Bernhard has $2.5 billion in assets under management.
It has raised a commitment of $75 million for its third flagship fundraiser, which is expected to reach $1.5 billion.
The company withdrew $1.2 billion for its second fund to close the vehicle on its hard cap in February 2019.
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