Z Capital Group has hired Benjamin Webster as a new Managing Director. He is responsible for investor development for the firm’s private equity and credit funds and is based in Z Capital’s suburban Chicago office.
Mr. Webster joins Z Capital from BlackRock, where he most recently served as Director of the firm’s Institutional Client Business. He began working at Blackrock in May 2014. Previously, from 2004 to 2014, Mr. Webster served as Vice President in Institutional Wealth Services at Fidelity Investments. From 2002 to 2004 he was a Regional Vice President at Genworth Financial.
“We are thrilled to welcome Ben to Z Capital as we continue to bolster our capabilities on our leading investor development team,” said James Zenni, President, Founder and Chief Executive Officer of Z Capital Group. “With decades of experience and deep relationships with institutional, family office and high net worth investors, Ben will undoubtedly be an impactful addition to our firm.”
Z Capital makes control investments in middle-market distressed companies, operational turnarounds and special situations. The firm targets companies with an enterprise value of less than $1 billion or EBITDA of less than $100 million. Sectors of interest include consumer products, steel and steel processors, agricultural, gaming, leisure, real estate, manufacturing, specialty services and automotive. Z Capital is based in the Chicago suburb of Lake Forest and has additional offices in New York and Zurich (www.zcapgroup.net).
“I am delighted to join the world-class team at Z Capital,” said Mr. Webster. “I look forward to leveraging my institutional, private client and consulting experience to help attract and retain high-caliber limited partners and support the firm’s new business initiatives.”
© 2017 Private Equity Professional | July 11, 2017