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Variant Investments Brings on Senior Hires to Support Ongoing Growth
PR Newswire
3 min read
PORTLAND, Ore., Nov. 14, 2024 /PRNewswire/ -- Variant Investments, LLC (Variant), an SEC-registered alternative credit investment manager, today announced the appointments of Corey Perlmutter as Senior Vice President of Risk Management and Brandon Jones as Senior Vice President of Investment Analytics. Variant also announced that Erik Baun has joined the firm as Senior Associate of Valuations and Lorena Ledesma has joined as Senior Associate of Investments.
Perlmutter and Jones both report to Bob Elsasser, a Co-founder and Principal at Portland, Oregon-based Variant.
"As Variant continues to expand and evolve, we are building out our senior team with these key appointments in risk management and investment analytics," said Elsasser. "We are pleased to bring Corey and Brandon on board to lead these critically important functions and welcome Erik and Lorena to our valuations and investments teams."
Perlmutter helps oversee Variant's liquidity risk program, identifies and assesses portfolio risks across investments, and focuses on risk mitigation strategies. He is a member of Variant's investment and valuation committees.
Before joining Variant, Perlmutter was a Senior Director for CIBC's Innovation Banking Group. Earlier, he worked at Hercules Capital and SAC Capital/Point 72 Asset Management. He is a Chartered Financial Analyst (CFA) and holds a bachelor's degree in computer engineering and biomedical engineering from Tufts University, a master's degree in electrical engineering from Columbia University, and an MBA from The University of Chicago.
Jones helps oversee the firm's approach to investment analytics and manages data quality assurance for investment information. He also leads Variant's data task force and is a member of the investment committee.
Before joining Variant, Jones was a Principal at NEPC, and he was also Director of Analytics for BMO Family Office. He holds a bachelor's degree in finance from Portland State University and is completing a master's degree in analytics from Georgia Institute of Technology.
Baun reports to Curt Fintel, a Co-founder and Principal. Among his responsibilities, Baun oversees Variant's internal valuation policies and procedures. Before joining Variant, Baun was a Senior Associate of Valuations and Strategy for Carta, specializing in the valuation of privately held securities. He holds a bachelor's degree in finance from the University of Oregon.
Ledesma reports to Jordan Jenkins, Vice President of Investments. Ledesma conducts due diligence in the underwriting process of commercial loans in niche markets. Before joining Variant, Ledesma was a Finance Manager for Aspiria, a Mexican fintech company. She holds bachelor's and master's degrees in finance from Universidad Panamericana.
With approximately $3 billion in assets under management, the funds managed by Variant target uncorrelated income-generating assets in niche private markets.
The Variant Alternative Income Fund (NICHX), an interval fund with more than $2.8 billion in assets, invests in specialty finance, litigation finance, royalties, and other potential income-generating opportunities outside the investment mainstream. The Variant Impact Fund (IMPCX), an interval fund with approximately $90 million in assets, seeks to provide a high level of current income while also aiming to target investment opportunities that support financial inclusion, equitable growth, and responsible consumption, in line with the United Nations Sustainable Development Goals.
About Variant Investments
Established in 2017, Variant Investments is an SEC-registered alternative credit manager. Variant's strategies are focused on uncorrelated income-generating private investments in niche markets and are offered to investors through institutional closed-end interval funds. For more information, visit www.variantinvestments.com.
An investment in the Fund is speculative, involves substantial risks. The Variant Alternative Income Fund, the Variant Impact Fund and the Variant Alternative Lending Fund are continuously offered, non-diversified, registered closed-end funds with limited liquidity. There is no guarantee the Funds will achieve their objectives. An investment in the Funds should only be made by investors who understand the risks involved, who are able to withstand the loss of the entire amount invested and who can bear the risks associated with the limited liquidity of Shares. A prospective investor must meet the definition of "accredited investor" under Regulation D under the Securities Act of 1933.
Shares are an illiquid investment. You should generally not expect to be able to sell your Shares (other than through the repurchase process), regardless of how the Funds perform. Although the Funds are required to implement a Share repurchase program only a limited number of Shares will be eligible for repurchase by the Funds.
An investment in the Funds is speculative, involves substantial risks, including the risk that the entire amount invested may be lost, and should not constitute a complete investment program. The Funds may leverage its investments by borrowing, use of swap agreements, options or other derivative instruments. The Funds are a non-diversified, closed-end management investment company, meaning it may be more susceptible to any single economic or regulatory occurrence than a diversified investment company. In addition, the Funds are subject to investment related risks of the underlying funds, general economic and market condition risk.
Before investing you should carefully consider the Fund's investment objectives, risks, charges, and expenses. This and other information is in the prospectus, a copy of which may be obtained from (877) 770-7717 or www.variantinvestments.com. Please read the prospectus carefully before you invest.
Variant Funds are distributed by UMB Distribution Services, LLC. Variant Investments, LLC (the "Investment Manager") serves as the investment manager of the Fund. UMB Distribution Services, LLC and the Investment Manager are unaffiliated.
