B Riley Financial, a provider of business advisory and financial services, has appointed Martin Bernstein as Head of Private Investments.

In this newly created role, Bernstein is responsible for sourcing, underwriting, and managing investments with private companies in addition to leading distribution to the firm’s syndication partners.

“We are pleased to welcome Marty to B Riley,” says Dan Shribman, Chief Investment Officer of B Riley Financial. “As a firm, B Riley employs an active investment strategy of providing debt and equity financing to client-partners. Our investment portfolio has primarily focused on public companies over the last several years and expanding our mandate to private companies is an exciting opportunity to enhance value for our partners and shareholders.”

As Head of Private Investments, Bernstein will work alongside Shribman as part of the B Riley Principal Investments team which leverages the firm’s capital base to create proprietary opportunities that benefit its partners and shareholders. Current investments span public and private debt and equities with a focus on traditional merchant banking and active sponsorship of public companies. The firm has since expanded its exposure to private company investments through its venture capital business which was formed in late 2020. B Riley Financial’s cash and investments totalled approximately USD1.3 billion at 31 December, 2020.

Read more/Source: Private Equity Wire