PENSCO Welcomes Stephen J. George to Its Board of Directors

SAN FRANCISCO–(BUSINESS WIRE)–PENSCO, a leading alternative asset custodian helping investors buy, hold and divest non-publicly traded investments in tax-advantaged accounts, today announced that Stephen J. George, founder and managing partner at Omaha-based Panorama Point Partners, an innovative private equity partnership, has joined the company’s Board.

“Investment opportunities in private equity are growing, and have become only more accessible to individual investors via crowdfunding platforms and new private equity marketplaces”

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George’s appointment comes as PENSCO reports growing demand for private equity. It is the fastest-growing alternative asset class held by PENSCO clients in their retirement accounts, with 50% of new PENSCO accounts in 2013 being in the form of a private fund, private placement, or other type of private equity deal.

“Investment opportunities in private equity are growing, and have become only more accessible to individual investors via crowdfunding platforms and new private equity marketplaces,” said Kelly Rodriques, chief executive officer, PENSCO. “Stephen is a widely respected and distinguished figure in the private equity space, and his addition to our board will help us chart a course for growth that includes both meeting the needs of PENSCO’s individual investor clients and maximizing opportunities with private equity fund sponsors, private placement issuers and third-party private equity crowdfunding platform partners.”

Panorama Point Partners invests and works with promising private companies, providing both highly-flexible financial capital and strategic business development support. Currently, it is working to become the world’s most flexible, dynamic, and rewarding private equity partnership.

 

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“Our investment in PENSCO underscores the fact that we are very excited about the possibilities that lie ahead for the company as increasing numbers of individual investors begin to incorporate alternative investments into their long-term retirement planning,” said George. “I have spent the majority of my career helping institutional investors leverage alternative strategies and now I hope to leverage the depth and breadth of that experience to make these types of opportunities available to individual investors too.”

George has had a twenty-five year history in private equity and investment management. Prior to founding Panorama he was the co-founder and chief investment officer at Capricorn Investment Group. Earlier in his career he served as a vice president at Goldman Sachs in an investment management capacity. He graduated with honors from Cornell University, and is a CFA Charter holder.

To learn more about trends with respect to PENSCO’s clients and their use of private equity in their IRAs, visit https://learn.pensco.com/investment-options/private-equity and take a look at our infographic.

About PENSCO

PENSCO Trust Company has been helping investors use their retirement account funds to invest in real estate, private equity and other non-exchange traded assets since 1989.

As the trusted custodian of over $10 billion in assets on behalf of more than 50,000 clients, PENSCO works with asset sponsors, financial institutions, and financial advisors, as well as self-directed investors who typically have a point of view about alternative investment opportunities based on their own knowledge or expertise and would like to put their tax-advantaged retirement dollars to work in these opportunities.

To learn more visit www.pensco.com

PENSCO Trust Company performs the duties of an independent retirement custodian, and, as such, does not provide investment advice, sell investments or offer any tax or legal advice. Potential clients are advised to perform their own due diligence in choosing an attorney, tax advisor, or any investment opportunity.

Alternative investments are not FDIC insured and are subject to risk, including loss of principal.

About Panorama Point Partners

Panorama Point Partners is a private equity partnership based in Omaha, with deep roots in Mid-America and Silicon Valley. It employs an innovative and dynamic model to private equity investing, operating under the core belief that investors should not have to sacrifice flexibility in order to access outstanding private equity opportunities.

For more information, visit www.panoramapoint.com

Visit www.pensco.com Follow us @PENSCOTrust Read the PENSCO blog

Contacts
Media:
For PENSCO
Sarah Gormley, 718-875-2122

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