Franklin Square Nabs Katz for Business Development Role

Mar 31 2016 | 7:33pm ET

Liquid alternatives specialist Franklin Square Capital Partners has announced the hire of Lewis Katz as the company’s chief business development officer. 

In his new role, Katz will develop new growth opportunities and help diversify distribution into new sales channels by collaborating with teams across the firm to expand its financial technology, marketing and educational initiatives, according to the company. 

The role is new. Katz joins Franklin Square from Blackboard Advisors, a management consulting firm he founded. While at Blackboard Advisors, he advised some of the nation’s top financial services companies on asset management and long-term strategy. Previously, he was founder of personal finance technology platform Clamour, was head of asset management for 1798 Global Partners and Lombard Odier Asset Management, and held senior positions at alternative asset firms BAM and Dillon Read Capital Management.

“Lewis Katz has wide-ranging experience with alternative investments, large-scale business development, partnership growth and technology expansion,” said Michael Forman, chairman and CEO of Franklin Square, in the statement. “He will be instrumental in forging new paths for Franklin Square as we continue our growth as a leader in alternatives.”

Founded in Philadelphia in 2007, Franklin Square listed its inaugural non-traded BDC fund on the New York Stock Exchange in April 2014, marking the first such liquidity event for a non-traded BDC. The company has become a leading manager of alternative investment funds that provide access to asset classes, strategies and managers typically available only to sophisticated institutional investors. It managed approximately $17 billion in assets as of September 30, 2015, including $15.5 billion in BDC assets, as of December 2015.

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