Our team includes veterans of some of the most successful asset management companies in the past decade

Our team members average two decades of experience and have:

  • Successful experience in acquiring, managing, and owning asset management businesses

  • Distribution success, with a track record of raising more than $50 billion across asset classes and products

  • Experience acquiring or establishing nearly 40 asset management businesses, including de novo firms

  • Direct or secondary involvement in the development of more than 300 asset management products

leadership team

  • David Cody

    David Cody

    Managing Principal
  • Darrell Crate

    Darrell Crate

    Managing Principal
  • Avshalom Kalichstein

    Avshalom Kalichstein

    Managing Principal
David Cody
David Cody
Managing Principal

Mr. Cody is a Managing Principal at Easterly LLC, responsible for capital formation and business development. With more than two decades of experience, Mr. Cody has established a proven track record of identifying market and industry dislocations and building successful funds around these investment opportunities.

Previously, Mr. Cody served as the Chief Executive Officer of MatlinPatterson Asset Management L.P. (“MPAM”) which he co-founded in 2010. MPAM was formed with MatlinPatterson to expand beyond its distressed product offerings; driven largely through partnerships with fund managers that were previously associated with large financial institutions. They completed deals in long/short credit, mortgage credit and senior credit.

Prior to forming MPAM, Mr. Cody was a President of the Hybrid (credit) business of Fortress Investment Group and an early partner at Fortress. Under his tenure, Mr. Cody significantly expanded the scope and reach of Fortress, developing multiple new businesses and playing the primary role in growing assets under management to over $40 billion.

Throughout his career, Mr. Cody has held numerous senior and principal positions at leading international funds and banks, including Bank of America Securities, Bankers Trust, Chemical Bank and Lydian Asset Management.

Mr. Cody received his BA from Colby College.

Contact David
Darrell Crate
Darrell Crate
Managing Principal

Mr. Crate serves as a Managing Principal at Easterly LLC, which he founded in September 2009 to make private equity investments with a focus on the acquisition and development of cash-flow based investment products for institutional clientele. Mr. Crate serves as the Chairman of the Board of Directors of Easterly Government Properties, Inc., a NYSE listed company that is the successor entity to Easterly Partners, LLC, a firm he co-founded as a private real estate portfolio company. Mr. Crate also serves as the Chairman of the Board of Directors of Easterly Acquisition Corp., a blank check company that has entered into a merger agreement for a business combination with Sirius International Insurance Group, Ltd.

From 1998 to 2011, Mr. Crate served as the Chief Financial Officer of Affiliated Managers Group, Inc., a publicly traded asset management holding company. Mr. Crate was previously the Managing Director of the Financial Institutions Group of the Chase Manhattan Corporation based in London and New York, focusing exclusively on investment management firms.

Mr. Crate’s board memberships presently include serving as a member of the executive committee of the Board of Trustees of Bates College, as the Vice Chairman of the Aircraft Owners and Pilots Association, a global organization supporting general aviation, and the treasurer of the International Yacht Restoration School. Mr. Crate is also on the Advisory Board of the Robert F. Kennedy Children’s Action Corps, an organization that advocates for children encumbered in the juvenile justice system.

Mr. Crate earned his MBA from Columbia Business School and his BA from Bates College.

Contact Darrell
Avshalom Kalichstein
Avshalom Kalichstein
Managing Principal

Mr. Kalichstein serves as a Managing Principal at Easterly LLC, responsible primarily for originating and underwriting potential candidates for acquisition or investment, with a particular focus on financial services and related credit investments. Mr. Kalichstein serves as the Chief Executive Officer of Easterly Acquisition Corp.,  a blank check company that has entered into a merger agreement for a business combination with Sirius International Insurance Group, Ltd.

Previously, in 2011, Mr. Kalichstein founded Solel Investment Group LLC, a privately-held company that has jointly led the acquisition of over $900 million in specialty finance assets.

Prior to forming Solel, Mr. Kalichstein was a Managing Director of J.C. Flowers from 2004 until 2011. While at J.C. Flowers, Mr. Kalichstein was responsible for originating, monitoring, and disposing of financial services investments globally, with a focus on consumer and commercial finance, banking, and property/casualty insurance. From 2001 to 2004, Mr. Kalichstein led the corporate development group of Shinsei Bank in Tokyo, Japan. Mr. Kalichstein also led the capital structure team whose work culminated in Shinsei’s successful initial public offering on the Tokyo Stock Exchange.

Prior to his tenure at Shinsei Bank, Mr. Kalichstein previously worked as Vice President, Finance and Corporate Development for SoftNet Systems, Inc. and as an associate with Capital Z Partners, a financial services-oriented private equity firm based in New York. Mr. Kalichstein began his career in the Financial Institutions Group at Goldman Sachs.

He received a BA in Mathematics and Economics, magna cum laude, from Brown University.

Contact Avshalom
  • David Cody

    David Cody

    Managing Principal
  • Darrell Crate

    Darrell Crate

    Managing Principal
  • Avshalom Kalichstein

    Avshalom Kalichstein

    Managing Principal
David Cody
David Cody
Managing Principal

Mr. Cody is a Managing Principal at Easterly LLC, responsible for capital formation and business development. With more than two decades of experience, Mr. Cody has established a proven track record of identifying market and industry dislocations and building successful funds around these investment opportunities.

Previously, Mr. Cody served as the Chief Executive Officer of MatlinPatterson Asset Management L.P. (“MPAM”) which he co-founded in 2010. MPAM was formed with MatlinPatterson to expand beyond its distressed product offerings; driven largely through partnerships with fund managers that were previously associated with large financial institutions. They completed deals in long/short credit, mortgage credit and senior credit.

Prior to forming MPAM, Mr. Cody was a President of the Hybrid (credit) business of Fortress Investment Group and an early partner at Fortress. Under his tenure, Mr. Cody significantly expanded the scope and reach of Fortress, developing multiple new businesses and playing the primary role in growing assets under management to over $40 billion.

Throughout his career, Mr. Cody has held numerous senior and principal positions at leading international funds and banks, including Bank of America Securities, Bankers Trust, Chemical Bank and Lydian Asset Management.

Mr. Cody received his BA from Colby College.

Contact David
Darrell Crate
Darrell Crate
Managing Principal

Mr. Crate serves as a Managing Principal at Easterly LLC, which he founded in September 2009 to make private equity investments with a focus on the acquisition and development of cash-flow based investment products for institutional clientele. Mr. Crate serves as the Chairman of the Board of Directors of Easterly Government Properties, Inc., a NYSE listed company that is the successor entity to Easterly Partners, LLC, a firm he co-founded as a private real estate portfolio company. Mr. Crate also serves as the Chairman of the Board of Directors of Easterly Acquisition Corp., a blank check company that has entered into a merger agreement for a business combination with Sirius International Insurance Group, Ltd.

From 1998 to 2011, Mr. Crate served as the Chief Financial Officer of Affiliated Managers Group, Inc., a publicly traded asset management holding company. Mr. Crate was previously the Managing Director of the Financial Institutions Group of the Chase Manhattan Corporation based in London and New York, focusing exclusively on investment management firms.

Mr. Crate’s board memberships presently include serving as a member of the executive committee of the Board of Trustees of Bates College, as the Vice Chairman of the Aircraft Owners and Pilots Association, a global organization supporting general aviation, and the treasurer of the International Yacht Restoration School. Mr. Crate is also on the Advisory Board of the Robert F. Kennedy Children’s Action Corps, an organization that advocates for children encumbered in the juvenile justice system.

Mr. Crate earned his MBA from Columbia Business School and his BA from Bates College.

Contact Darrell
Avshalom Kalichstein
Avshalom Kalichstein
Managing Principal

Mr. Kalichstein serves as a Managing Principal at Easterly LLC, responsible primarily for originating and underwriting potential candidates for acquisition or investment, with a particular focus on financial services and related credit investments. Mr. Kalichstein serves as the Chief Executive Officer of Easterly Acquisition Corp.,  a blank check company that has entered into a merger agreement for a business combination with Sirius International Insurance Group, Ltd.

Previously, in 2011, Mr. Kalichstein founded Solel Investment Group LLC, a privately-held company that has jointly led the acquisition of over $900 million in specialty finance assets.

Prior to forming Solel, Mr. Kalichstein was a Managing Director of J.C. Flowers from 2004 until 2011. While at J.C. Flowers, Mr. Kalichstein was responsible for originating, monitoring, and disposing of financial services investments globally, with a focus on consumer and commercial finance, banking, and property/casualty insurance. From 2001 to 2004, Mr. Kalichstein led the corporate development group of Shinsei Bank in Tokyo, Japan. Mr. Kalichstein also led the capital structure team whose work culminated in Shinsei’s successful initial public offering on the Tokyo Stock Exchange.

Prior to his tenure at Shinsei Bank, Mr. Kalichstein previously worked as Vice President, Finance and Corporate Development for SoftNet Systems, Inc. and as an associate with Capital Z Partners, a financial services-oriented private equity firm based in New York. Mr. Kalichstein began his career in the Financial Institutions Group at Goldman Sachs.

He received a BA in Mathematics and Economics, magna cum laude, from Brown University.

Contact Avshalom
  • David Cody

    David Cody

    Managing Principal
  • David Cody
    Managing Principal

    Mr. Cody is a Managing Principal at Easterly LLC, responsible for capital formation and business development. With more than two decades of experience, Mr. Cody has established a proven track record of identifying market and industry dislocations and building successful funds around these investment opportunities.

    Previously, Mr. Cody served as the Chief Executive Officer of MatlinPatterson Asset Management L.P. (“MPAM”) which he co-founded in 2010. MPAM was formed with MatlinPatterson to expand beyond its distressed product offerings; driven largely through partnerships with fund managers that were previously associated with large financial institutions. They completed deals in long/short credit, mortgage credit and senior credit.

    Prior to forming MPAM, Mr. Cody was a President of the Hybrid (credit) business of Fortress Investment Group and an early partner at Fortress. Under his tenure, Mr. Cody significantly expanded the scope and reach of Fortress, developing multiple new businesses and playing the primary role in growing assets under management to over $40 billion.

    Throughout his career, Mr. Cody has held numerous senior and principal positions at leading international funds and banks, including Bank of America Securities, Bankers Trust, Chemical Bank and Lydian Asset Management.

    Mr. Cody received his BA from Colby College.

    Contact David
  • Darrell Crate

    Darrell Crate

    Managing Principal
  • Darrell Crate
    Managing Principal

    Mr. Crate serves as a Managing Principal at Easterly LLC, which he founded in September 2009 to make private equity investments with a focus on the acquisition and development of cash-flow based investment products for institutional clientele. Mr. Crate serves as the Chairman of the Board of Directors of Easterly Government Properties, Inc., a NYSE listed company that is the successor entity to Easterly Partners, LLC, a firm he co-founded as a private real estate portfolio company. Mr. Crate also serves as the Chairman of the Board of Directors of Easterly Acquisition Corp., a blank check company that has entered into a merger agreement for a business combination with Sirius International Insurance Group, Ltd.

    From 1998 to 2011, Mr. Crate served as the Chief Financial Officer of Affiliated Managers Group, Inc., a publicly traded asset management holding company. Mr. Crate was previously the Managing Director of the Financial Institutions Group of the Chase Manhattan Corporation based in London and New York, focusing exclusively on investment management firms.

    Mr. Crate’s board memberships presently include serving as a member of the executive committee of the Board of Trustees of Bates College, as the Vice Chairman of the Aircraft Owners and Pilots Association, a global organization supporting general aviation, and the treasurer of the International Yacht Restoration School. Mr. Crate is also on the Advisory Board of the Robert F. Kennedy Children’s Action Corps, an organization that advocates for children encumbered in the juvenile justice system.

    Mr. Crate earned his MBA from Columbia Business School and his BA from Bates College.

    Contact Darrell
  • Avshalom Kalichstein

    Avshalom Kalichstein

    Managing Principal
  • Avshalom Kalichstein
    Managing Principal

    Mr. Kalichstein serves as a Managing Principal at Easterly LLC, responsible primarily for originating and underwriting potential candidates for acquisition or investment, with a particular focus on financial services and related credit investments. Mr. Kalichstein serves as the Chief Executive Officer of Easterly Acquisition Corp.,  a blank check company that has entered into a merger agreement for a business combination with Sirius International Insurance Group, Ltd.

    Previously, in 2011, Mr. Kalichstein founded Solel Investment Group LLC, a privately-held company that has jointly led the acquisition of over $900 million in specialty finance assets.

    Prior to forming Solel, Mr. Kalichstein was a Managing Director of J.C. Flowers from 2004 until 2011. While at J.C. Flowers, Mr. Kalichstein was responsible for originating, monitoring, and disposing of financial services investments globally, with a focus on consumer and commercial finance, banking, and property/casualty insurance. From 2001 to 2004, Mr. Kalichstein led the corporate development group of Shinsei Bank in Tokyo, Japan. Mr. Kalichstein also led the capital structure team whose work culminated in Shinsei’s successful initial public offering on the Tokyo Stock Exchange.

    Prior to his tenure at Shinsei Bank, Mr. Kalichstein previously worked as Vice President, Finance and Corporate Development for SoftNet Systems, Inc. and as an associate with Capital Z Partners, a financial services-oriented private equity firm based in New York. Mr. Kalichstein began his career in the Financial Institutions Group at Goldman Sachs.

    He received a BA in Mathematics and Economics, magna cum laude, from Brown University.

    Contact Avshalom

Focus and experience dedicated to robust compliance and operational risk management.

Our Company
Easterly Acquisition 205 Hudson Street, 7th Floor, New York, NY 10013 617-303-4800
Easterly Acquisition 138 Conant Street Beverly, MA 01915 617-303-4800
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