The previous head of media, communications and knowledge companies at Jefferies has ditched funding banking to affix a small funding agency centered on know-how.
Alex Kelloff, a managing director at Jefferies in New York who was promoted to joint head of the media, communications and knowledge companies funding banking in 2015, has left to affix SDC Capital, a specialist funding agency concentrating on investments in knowledge centres.
The agency was began earlier this yr by Todd Aaron, the co-founder and co-CEO of Sentinel Knowledge Facilities, which he has headed up since 2001. He began the funding agency in March.
Kelloff joined Jefferies in 2004 as an funding banker centered on the telecommunications sector, following the completion of an MBA at INSEAD. He ran the media, communications and knowledge companies funding banking division at Jefferies alongside Craig Mineard, who stays on the financial institution.
Kelloff is a associate at SDC Capital, which says that it aimed to make structured fairness investments throughout the know-how sector, with a give attention to knowledge centres and community platforms. Its most notable transaction thus far is an funding in Brazilian knowledge centre supplier Ascenty alongside non-public fairness big Blackstone. The quantity was undisclosed.
In addition to Kelloff, SDC Capital has additionally employed Paul Hines, a veteran of Sentinel Knowledge Facilities who has spent the previous eight months working for Citi in New York.