Evolution of Private Equity: The Emergence of Continuation Funds in the Secondary Market – Axxes Capital – 8.21.23


Title: Evolution of Private Equity: The Emergence of Continuation Funds in the Secondary Market
Date: Monday, August 21, 2023
Time: 1:00 PM Eastern Daylight Time
Duration: 1 hour

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Now On Demand

As the landscape of private equity undergoes notable change, continuation funds are emerging as a compelling avenue for investment. Tune into our live webcast on August 21, 2023, where industry leaders demystify the evolving private equity landscape and the burgeoning secondary market. They will delve into the mechanics of continuation funds, strategic advantages, and how financial advisors can harness these developments to improve portfolio results. Don’t miss this opportunity to stay ahead in the dynamic world of private equity.

You’ll learn:

  • The transformation of private equity and rise of continuation funds.
  • Key trends and opportunities in the current market.
  • Benefits, risks, and critical factors to consider when investing in continuation funds.
  • How to integrate continuation funds into client portfolios.

Accepted for 1 CFP® / IWI / CFA CE Credit


Joseph DaGrosa Joseph DaGrosa, Jr. Chairman & CEO Axxes Capital

Joseph (“Joe”) DaGrosa, Jr. is the Chairman and CEO of Axxes Capital with over 30 years of diverse investment experience, including sports and entertainment, retail, food and beverage, insurance, real estate, hospitality, healthcare, and aviation. He’s also the Chairman of DaGrosa Capital Partners LLC, a Miami-based private equity firm focused on making control and influential minority investments with a broad investment reach across the U.S., Europe, and Latin America.

In 2019, Mr. DaGrosa co-founded Quinn Residences, a $900 million real estate investment trust, now among the fastest-growing companies in the U.S. single-family home rental market. He chaired GACP Sports LLC, acquiring F.C. Girondins de Bordeaux, a first-division French soccer team, and Soccerex Ltd, the world’s largest B2B convention business for the global football industry.

Previously, as Co-Founder and Senior Partner at 1848 Capital Partners LLC, he played pivotal roles in significant acquisitions and turnarounds. including the rescue of 248 Burger King franchises via Heartland Food Corp (sold to GSO Capital, now part of Blackstone), and the acquisition of Jet Support Services Inc., a major player in private jet maintenance warranties. Mr. DaGrosa served as Vice-Chairman and Co-Chief Investment Officer of JSSI until the sale of the company in 2020.

Before 1848, Mr. DaGrosa was a Partner at Maplewood Partners LP, a Miami-based private equity firm, and started his career at Paine Webber, Inc., working as a financial advisor in the firm’s Special Accounts Group.

Currently, he’s on the boards of Hoy Health LLC, Soccerex LLC, Brazil Tower Company LP, and Camillus House, a non-profit aiding Miami’s homeless. He’s an alumnus of Syracuse University, holding a BS in Finance, Accounting, and Statistics.

Ari Bass Ari D. Bass President Axxes Direct, a subsidiary of Axxes Capital

Ari D. Bass serves as the President of Axxes Direct, a subsidiary of Axxes Capital. Mr. Bass has a successful 25-year track record in capital markets and financial services, including both investing and advising across a broad range of industries.

Mr. Bass is a co-founder of BP Partners Management, LLC, a Los Angeles-based private equity and family office firm with a diverse investment portfolio. Mr. Bass also acted as Investment Committee Chair and Managing Director for Lotus Domaine Management, LLC, a private equity fund specializing in B2B SaaS businesses. Before Lotus, Mr. Bass had a nearly 15-year tenure at SPB Capital Partners, LP, where he managed transactions across industries like banking, distribution, specialty finance, and waste management.

Earlier in his career, Mr. Bass was as an Investment Banker at Chanin Capital Partners, and prior to that was part of the Financial Services Group at Deloitte & Touche. He also was a Registered Representative with Baltimore-based T. Rowe Price, assisting investors with mutual fund investment decisions.

Mr. Bass is a licensed Certified Public Accountant (inactive) and holds a Master of Accounting from the University of Southern California, along with a Bachelor of Arts degree in Economics from Claremont College’s Pitzer College.

Parker Roy Moderated By: Parker Roy Chief Revenue Officer Axxes Capital

Parker Roy is the Chief Revenue Officer of Axxes Capital. Mr. Roy was previously Managing Director at Brookfield OakTree Wealth Solutions, where he was responsible for co-leading the distribution teams of Brookfield’s Public Securities, Private Funds and OakTree’s Private Wealth distribution.

Previously, Mr. Roy served as Senior Managing Director and Head of Distribution for Cushing Asset Management (“Cushing”), where he led the firm’s entire sales and distribution efforts.

Prior to Cushing, Mr. Roy had an extensive 15-year career at Morgan Stanley where he served from 2008 – 2010 as Executive Vice President and National Business Development Director for the Morgan Stanley Smith Barney platform (leading the build-out of the firm’s non-discretionary fee based advisory platform resulting in over $100 billion in assets under management). From 2005 – 2008, Mr. Roy served as Smith Barney’s Regional Business Development Director for the Southern Region supporting over 4,000 financial advisors. From 1995 – 2005, Mr. Roy served as a financial consultant for Smith Barney.

Mr. Roy has an MBA from Tulane University’s AB Freeman School of Business, a BA in Economics from Rollins College, and a Certificate of Leadership from the University of Virginia’s Darden School of Business.

This communication is for financial professionals only. Not for use with the retail public.

This is neither an offer to sell nor a solicitation to purchase the securities described herein.

All investing involves risk. The value of an investment will fluctuate over time, and an investor may gain or lose money, or the entire investment. Past performance is no guarantee of future results. Alternative investments often are speculative and include a high degree of risk.