A new vehicle called Sophrosyne Partners LLC has been launched to provide European and North American corporates with finality solutions, designed to benefit all stakeholders in the liability chain.
Sophrosyne has been founded by legacy liability management professionals, who have a combined more than five decades of relevant experience.
The venture will be led by Eleni Iacovides, with Daniel W. Gerber as a partner and General Counsel, while Elaine Rocha, Esq., the former Senior Vice President and Global Chief Investment Officer of AIG, will chair Sophrosyne’s Advisory Board.
It’s also been revealed that the investor group is led by multi-family Office Hundle & Partners and is supported by a pipeline of transaction capital.
“Corporates are increasingly seeking ways to divest liabilities that burden their balance sheet and distract from their core strategic focus,” Iacovides said. “Sophrosyne is uniquely positioned to leverage its deep expertise in legacy liability management. The goal is to deliver innovative solutions that unlock value for corporates thereby enabling them to redeploy capital, gain certainty and increase market value,” stated Gerber, who is also a Partner of Gerber Ciano Kelly Brady LLP.
“Sophrosyne’s strategic partners are well-known industry leaders. They are integral to the mission of empowering corporates and their insurers with finality solutions.” Iacovides added, “With Elaine and other industry leaders, we have access to top tier expertise with unparalleled track records, as well as unique financial, operational and investment experience.”
“Hundle provides access to financial and investment expertise, skills that are complementary and necessary to the success of Sophrosyne”, Gerber said. “Their company’s motto, “For Those Who Value Tomorrow”, encapsulates the vision and solutions that we are committed to providing to clients so that they can focus on their future,” Iacovides added.
Harinder Hundle, Hundle’s Managing Partner, said: “Eleni and Dan are leaders in the legacy space and we are delighted to be backing seasoned professionals of such deep and broad experience in long-tail liabilities. Along with Elaine, they deliver a unique team and present an equally unique value proposition. We very much look forward to working closely with them and to delivering innovative solutions to our clients.”
Commenting on why she agreed to chair the Advisory Board and invest alongside Hundle and Sophrosyne Founders, Rocha said: “Sophrosyne has a winning ‘go to market’ strategy in a space where there is a strong need for the solutions offered. The management team includes leaders in legacy liability management with a passion for finality solutions. I am delighted to be backing a venture with a foundation built on enormous skill, experience and integrity.”
