Douglas Newton – Principal Man Behind Merger Of CC Capital And Neuberger Berman

CC Neuberger Principal Holdings I (PCPL.U), made an unexpected recording Friday evening for a $300 million IPO. CC Neuberger is being co-supported by Chinh Chu's CC Capital and Neuberger Berman's Opportunistic Capital Solutions Master Fund LP ("NBOKS"). Subsequently, the name "CC Neuberger". Be that as it may, on the off chance that you read the outline, CC Capital and Neuberger Berman have "went into a game plan whereby they have consented to co-support a progression of SPACs". So this is the first, however unquestionably not the last we'll see from CC Neuberger.

Normally, Chinh Chu will be driving this group as CEO and chief, yet will joined by Douglas Newton as CFO, and Charles Kantor, as Director. In any case, it shows up there will be two additional Directors that will be included sometime in the not too distant future since those spaces are right now left clear. In any case, Chinh Chu, the previous Blackstone Group dealmaker, recently finished his first SPAC (CF Corporation) by consolidating with U.S. annuities and life guarantor, Fidelity and Guaranty Life (NYSE: FG) in an arrangement worth around $1.84 billion. Chinh Chu is likewise right now on the $440 million Collier Creek SPAC, as Vice Chairman. 

Be that as it may, similar to the remainder of the group, Douglas Newton, as CFO, is additionally a CC Capital part, however more significantly, he was the CFO of CF Corporation, the SPAC. So Mr. Newton brings SPAC experience to the table also. Charles Kantor, then again, speaks to the Neuberger Berman side of the condition, and is right now a Managing Director at Neuberger Berman in the wake of joining the firm in 2000. Moreover, Mr. Kantor is the originator and Senior Portfolio Manager of the Kantor Group, which oversees over $5 billion of value and fixed pay protections for institutional and high total assets financial specialists.

Douglas Newton is a Senior Managing Director and a Co-Founder of CC Capital. He has over 16 years of expert contributing experience across both open and private markets. Doug helped lead CC Capital's $7.2 billion procurement of Dun and Bradstreet. He likewise filled in as Chief Financial Officer of CF Corporation, the perpetual capital vehicle through which CC Capital obtained Fidelity and Guaranty Life, and he helped lead the $2.5 billion securing.

Doug presently fills in as the Chief Financial Officer of CC Neuberger Principal Holdings I, CC Capital's first changeless capital vehicle in organization with Neuberger Berman and the Koch Family. Prior to joining CC Capital, he was a Founding Partner of The Wind Acre Partnership, LLC, a speculation firm that claims a concentrated, long haul arrangement of worldwide open values and adopts a private value strategy to open value contributing.

Preceding that, Doug has extra understanding as a speculation proficient at Seneca Capital and DLJ Merchant Banking and in venture banking at Credit-Suisse First Boston and Donaldson, Lufkin and Jenrette. Doug got an graduate in Economics from Dartmouth College and a M.B.A. from the Stanford University Graduate School of Business.

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Created on Jun 29th 2020 08:58. Viewed 310 times.

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