Ridge Road Partners Names Michael Mager Partner
Ridge Road Partners – December 18, 2013 10:50 AM – NEW YORK – (BUSINESS WIRE)
Investment Partnership Welcomes New Member with Global Experience
Ridge Road Partners, a private investment partnership focused on long-run value creation, today announced that former Ward Ferry Management partner and fund manager Michael Mager has been named a partner of the firm.
In his new role, Mager will help develop Ridge Road’s public market efforts in addition to working on the firm’s existing private investments. He will be based in New York.
Mager joins Ridge Road’s managing partners – hedge fund veteran Adam Jiwan and entrepreneur Brian Norton – who formed the partnership in October 2012. Ridge Road focuses on long-run value creation by acquiring and developing private companies and by making concentrated and opportunistic investments in public securities.
“Brian and I could not be more thrilled that Michael is joining the firm as our third partner,” said Adam Jiwan. “I have known Michael for many years, and his extensive global investment experience and track-record will prove valuable for Ridge Road as we pursue future opportunities.”
“Ridge Road had an impressive first year,” said Mager. “I am eager to join the team, working together with Adam and Brian to leverage their expertise and build a great and lasting business.”
Mager comes to Ridge Road with a background of significant relevant experience. Most recently, he spent more than seven years in Hong Kong with Ward Ferry, one of the most highly-regarded and longest-standing Asian hedge funds, during which time the firm had up to $2.5 billion of assets under management. Mager was a partner and a fund manager at Ward Ferry and played a principal role in determining both investment and business strategy for the firm. Mager is a graduate of Harvard College and earned a Master of Philosophy from the University of Cambridge. He is also on the Board of Real Energy, an Australian shale gas company.
In just its first year, Ridge Road successfully completed three deals spanning multiple industries and geographies.
About Ridge Road Partners
Ridge Road Partners is an investment partnership that deploys flexible long-term capital in highly select opportunities. Ridge Road seeks to acquire or build great businesses, while making opportunistic investments in public markets as they arise. Formed by hedge fund veteran Adam Jiwan and entrepreneur Brian Norton, the managing partners invest their own capital in deals. Ridge Road’s core investments include traditional buyouts of family businesses, intensive turnarounds/restructurings as principals, highly selective company builds, and opportunistic public investing. For more information, visit: http://ridgeroadpartners.com/.
Kyle Giunta, 646-805-2058