Jason Howard, an alternative-industry veteran known for investing in and advising general partners, has launched New Catalyst Strategic Partners.
New Catalyst is an independent alternative-investment firm that provides seed and growth capital to emerging, developing and diverse firms, such as next-generation general partnerships (GPs) led by experienced investors.
New Catalyst was founded with support from and in strategic partnership with Apollo (NYSE: APO), including a cornerstone capital commitment and operational support to help create value for the firm and its investments.
“Even some of the most experienced investors face significant challenges when founding and growing new investment platforms, and these challenges can be even more pronounced for Next Generation GPs,” said Howard. “I have spent my career helping great investors build high-performing firms, and I’ve seen firsthand that LP capital alone is often insufficient to help Next Generation