NEWPORT BEACH, CA-Axxcess Capital LLC has formed to provide nationwide investment banking and advisory services and has named former Greystone & Co. exec Elliot Spiro as CEO of the new firm. Spiro was previously senior managing director responsible for mergers and acquisitions at Greystone, a New York City-based private investment firm with over $15 billion under management.
As CEO, Spiro will oversee the holding company Axxcess Capital LLC and its third-party private placement firm, Axxcess Capital Partners LLC in providing senior level corporate strategy, capital raise and liquidity execution for US real estate, hedge fund, specialty finance and alternative investment sponsors. Tim Snodgrass, president of Axxcess Capital, notes that Spiro "has assisted a long and diverse list of companies in raising capital and restructuring themselves in very challenging environments."
Spiro will divide his time between the Axxcess headquarters in Newport Beach and its Manhattan office. He will be one of the four principals of the firm along with Snodgrass, chairman Dick Gee and chief operating officer Craig Morris. Commenting on today's capital markets, Spiro says, “Today, with a scarcity of capital from conventional sources, there are a number of sponsors of blue chip investment products who can use our capital and market through our nationwide network of broker-dealers and registered investment advisers."
At Greystone, Spiro was senior managing director responsible for M&A and corporate development with a focus on growing Greystone Bank by acquiring commercial and consumer finance companies and building specialty finance platforms. He also led capital raising strategies for multiple Greystone business lines.
Before Greystone, Spiro's career included two stints at Goldman Sachs Group, first as an investment banking associate in its Real Estate Group and later as vice president of investment banking for its Financial Institutions Group. In between those posts, he was managing director and national sales manager in the Technology Finance Group at GE Capital.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
