Bravura Capital Takes a Stake in Venturi Private Wealth
Posted on 11/18/2021
Founded in 2015, Austin-based Venturi Private Wealth is a wealth management firm focused on serving the complex needs of high-net-worth (HNW) and ultra-high-net-worth (UHNW) individuals, families and business owners. Bravura Capital, the family office of Kent Weldon, made an investment in Venturi Private Wealth. Weldon will also join Venturi’s Board of Advisors.
Venturi Private Wealth has over US$ 2.1 billion in client assets.
Venturi Private Wealth also hired Sylvia Bell hired as Chief Operating Officer. Sylvia Bell came to Venturi Private Wealth from the Investment Management Division of the Teacher Retirement System of Texas, where she also served as Chief Operating Officer.
Venturi Private Wealth also hired Christopher M. Schelling hired as Director of Alternative Investments. Previously, Schelling was a managing director at Windmuehle Funds, a boutique investment firm; Director of Private Equity at the US$ 35 billion Texas Municipal Retirement System; and Deputy Chief Investment Officer and Director of Absolute Return at the $15 billion Kentucky Retirement Systems. He will focus on sourcing, performing due diligence and building portfolios of alternative investments for clients.
Berkshire Global Advisors served as financial advisor to Venturi for the strategic investment transaction, with Bomy Hagopian, Partner, leading the Berkshire team. DLA Piper served as counsel to Venturi.