August 5, 2020
James Alpha Advisors announced it has entered into a strategic partnership with Easterly, which has acquired a minority equity interest in the boutique asset management firm known for its flagship James Alpha Global Real Estate Investments Fund (JARIX). The firm also offers 11 other funds, managed by a combination of in-house teams and subadvisors.
“Easterly is providing growth capital and operational expertise that will enable us to drive growth, improve operational efficiencies, develop new markets and enhance our client experience,” said Kevin R. Greene, managing partner of James Alpha Holdings, the holding company parent of James Alpha Advisors.
Both Easterly and James Alpha Advisors are headquartered in Manhattan.
As part of the agreement, Easterly’s Darrell Crate will become CEO of James Alpha Advisors and partner with James S. Vitalie, who steps down as CEO but remains president, reporting to Crate. Greene will serve as chairman.
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