Consulting Platform Grows at Avalon Lake Partners

NEW YORK, Oct. 23, 2012 /PRNewswire/ -- Avalon Lake Partners, an advisory firm for the alternative asset management industry, continues to build upon its platform by adding Michael Byl as a Director, rounding out its pre-launch and compliance activities, and enhancing its due diligence offering.

(Photo: http://photos.prnewswire.com/prnh/20121023/NY97347 )

"In this difficult capital-raising environment it is imperative that funds distinguish themselves from the competition by emphasizing and effectively communicating their edge to the right targets," says Lou Sala, Managing Partner and CEO of Avalon Lake Partners.  

Michael Byl has three decades of experience in marketing, capital-raising and compliance. Over the course of his career he has raised in excess of $2.5 Billion, vetted a vast array of strategies and has started and managed multiple regulated companies in the asset management space.

"Avalon Lake Partners has a broad offering for start-ups and spin outs, and Michael's comprehensive experience completes our offering," says Lou Sala. "The timing is optimal as we have witnessed an uptick in new portfolio managers."

Michael's role at Avalon Lake Partners will be twofold. The first will be to manage marketing and client-facing activities, and secondly, to work with the compliance team on regulatory issues.

"With Michael on board, clients can expect to receive the highest levels of expertise and an in-depth understanding of how to successfully manage their business" says Ilicia Silverman, head of business development and Partner at Avalon Lake Partners. "He compliments the team perfectly and we are delighted to have him on board."

About Michael Byl
Michael has 30 years of experience in the asset management industry, working with a wide variety of institutional quality investment firms in North America and Europe. For 11 years prior to launching Avalon Lake Partners, Michael served as CEO and CCO of two Registered Investment Advisory firms and a broker dealer, and executed business development programs for traditional and alternative asset management firms, raising over $2.5 billion in capital. Previous marketing experience included Julius Baer Investment Management and Pacific Financial (parent of PIMCO) after beginning his professional career with the Travelers. Michael earned a BA in Marketing from Michigan State University and holds FINRA Series 6, 7, 24, 53, 63, 66 and 79 licenses. His philanthropic Board work includes serving as President of Amos House, Inc. and Vice President of the Ridgefield Playhouse.

Avalon Lake Partners are experts in the business of running the business.  We focus squarely on the infrastructure of financial institutions, offering unrivaled expertise in the alternative asset management industry. Our seasoned industry veterans with skills across a broad spectrum of hedge funds, large financial institutions, and private equity firms, help clients improve their operations through a full suite of CFO, COO and CCO services. 

SOURCE Avalon Lake Partners