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50 South Capital, General Partner of ND Growth Fund, Expands Team
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50 South Capital Advisors has appointed Kodee Furst as Director in its private equity group, enhancing their capacities in North Dakota's private capital ecosystem. Furst will focus on sourcing, evaluating, and executing investments while participating in fundraising and portfolio management. Her extensive experience with entrepreneurs and in the oil and gas industry positions her well for this role. Notably, Northern Trust, a significant player in financial services, wholly owns 50 South Capital. This move is aimed at identifying promising private capital opportunities.
Positive
Appointment of Kodee Furst enhances investment capabilities in North Dakota.
Furst's background in entrepreneurship and oil and gas is beneficial.
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Enhances Private Capital Capabilities
FARGO, N.D.--(BUSINESS WIRE)--
50 South Capital Advisors, LLC, the general partner of the newly-formed North Dakota Growth Fund, recently named Kodee Furst a Director in its private equity group, enhancing the firm’s reach across North Dakota as it assists in the development of the state’s growing private capital ecosystem.
Furst will source, evaluate and execute primary fund investments and direct investments in the private capital space, with a specific focus on North Dakota. She will also participate in fundraising and portfolio management activities.
Furst has extensive experience working with entrepreneurs and startups as well as entrepreneurial support organizations. She also has experience in the oil and gas industry. Furst was born and raised in western North Dakota and graduated from Killdeer High School. She earned a B.S. from North Dakota State University, where she most recently helped lead the university’s entrepreneurship center. See her complete biography.
50 South Capital is a leading alternatives investment firm and a wholly-owned subsidiary of Northern Trust, a leading, global financial services firm.
“Kodee’s extensive entrepreneurial and investment experience will further enhance 50 South Capital’s ability to identify the most promising private capital opportunities across North Dakota,” said 50 South Capital Co-Founder & Managing Director Bob Morgan.
About 50 South Capital Advisors, LLC
50 South Capital Advisors, LLC is an alternatives asset management firm designed to meet the core strategic needs of investors seeking access to private equity, private credit and hedge funds. Its highly experienced team works closely with a wide range of investors to fulfill specific investment objectives and create lasting relationships. 50 South Capital’s investment philosophy focuses on providing access primarily to small-to-mid sized managers that offer unique and differentiated sources of return. 50 South Capital is a wholly owned subsidiary of Northern Trust Corporation. Visit www.50SouthCapital.com for more information.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 22 U.S. states and Washington, D.C., and across 23 locations in Canada, Europe, the Middle East and the Asia-Pacific region. As of June 30, 2021, Northern Trust had assets under custody/administration of US$15.7 trillion, and assets under management of US$1.5 trillion. For more than 130 years, Northern Trust has earned distinction as an industry leader for exceptional service, financial expertise, integrity and innovation. Please visit their website or follow them on Twitter.
Northern Trust Corporation, Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A., incorporated with limited liability in the U.S. Please read their global and regulatory information.
What is the significance of Kodee Furst's appointment at 50 South Capital Advisors for NTRS?
Kodee Furst's appointment boosts 50 South Capital Advisors' private equity capabilities in North Dakota, enhancing Northern Trust's strategic investment reach.
How will Kodee Furst contribute to 50 South Capital's operations?
Furst will source, evaluate, and execute investments in private capital and assist in fundraising and portfolio management.
What is the role of 50 South Capital Advisors under Northern Trust?
50 South Capital Advisors focuses on alternatives asset management, providing access to private equity and private credit investments.
How does the appointment of Kodee Furst impact Northern Trust's business strategy?
The appointment reinforces Northern Trust's commitment to expanding its investment capabilities and fostering growth in local private capital markets.
