Siguler Guff's Maria Boyazny Leaves to Form Distressed-Debt Firm MB Global
Maria Boyazny, a managing director with Siguler Guff & Co., is leaving to start a firm for credit and distressed debt deals in a joint venture with G2 Investment Group.
The new company, MB Global Partners, plans to raise money to make investments in other funds as well as directly, focusing on areas such as corporate debt, residential mortgage debt and commercial real estate, New York-based G2 said today in a statement. Boyazny will be the majority shareholder of the firm.
Investment managers are looking for new ways to invest money as Wall Street stabilizes after the global credit crisis. That crisis has wiped out much of the equity invested in leveraged buyouts and real estate, leaving creditors with control of many assets.
“This will be the decade of credit,” Boyazny said in an interview.
Boyazny joined Siguler Guff in 1997 and managed its four funds focused on distressed opportunities. Prior to Siguler Guff, she worked in investment banking at Smith Barney.
She earned a bachelor’s degree from the Wharton School at the University of Pennsylvania and an MBA from Columbia Business School.
G2 Investment Group, created by former Guggenheim Partners co-founder Todd Morley, is managing assets for wealthy families and institutions through efforts including Forbes Capital Group, a partnership with the Forbes family. G2 also has also started units to focus on credit trading and real estate deals.
To contact the reporter on this story: Jason Kelly in New York at jkelly14@bloomberg.net
To contact the editor responsible for this story: Christian Baumgaertel at cbaumgaertel@bloomberg.net
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