Lake Avenue Capital, LLC was founded in 2011 for the purpose of securities class action settlement claim purchasing. Lake Avenue enables firms to immediately monetize their securities class action settlement claims. Typically, firms monetize claims due to firm or fund liquidations as a result of closures or return of capital to investors. Lake Avenue conducts in-depth analysis of a fund’s trading history and bids for the right to file and collect on the potential future receivables from securities class action settlements. Based on a proprietary factoring model, Lake Avenue is able to quantify fund’s claims portfolios and offers the fund immediate liquidity in exchange for future settlements payments. Once a transaction is executed, Lake Avenue Capital facilitates the complex claims recovery process over a number of years.
Founder
Shane P. Kinahan
Shane Kinahan is the Founder and Managing Partner of Lake Avenue Capital, LLC (LAC). Mr. Kinahan has an extensive track record of leadership, product innovation and revenue growth as a veteran of the equity brokerage industry.
Prior to founding LAC, Mr. Kinahan worked 6 years at Goldman Sachs in the Equities Division specializing in Electronic Trading/Algorithmic Sales, where he focused primarily on the Goldman Sachs US Hedge Fund client base. Throughout his tenure, Mr. Kinahan directed many of the firm’s electronic trading relationships with hedge funds, buy-side institutions and broker/dealers.
Previously, Mr. Kinahan worked 8 years for NYFIX Inc., where he served as head of buy side sales for the NYFIX Millennium ATS. Throughout his tenure, Mr. Kinahan directed the firm’s key relationships with hedge funds, buy-side institutions, broker/dealers, global exchanges and strategic vendor partners. He managed all aspects of sales, marketing, account management, product development and client on-boarding across asset classes including Equities, Fixed Income, FX, and Exchange Traded Derivatives.
Mr. Kinahan began his career as a private wealth management representative, where he managed trading portfolios for high net worth individuals. Mr. Kinahan holds a B.A. from Bentley University.
Chief Operating Officer
Ove Haxthausen
Ove Haxthausen is the Chief Operating Officer of Lake Avenue Capital, LLC (LAC). Mr. Haxthausen’s background in management consulting brings extensive operational experience to the LAC.
Prior to joining LAC, Mr. Haxthausen held leadership positions in management and marketing consulting with various companies within the WPP Group and at management consultancies Mars & Co. and McKinsey & Co. Over more than twenty years, Mr. Haxthausen has advised clients on internal and external growth strategy, marketing and branding, as well as operational issues. Clients have spanned a variety of industries, from investment banking to consumer goods, healthcare and technology among many others.
Mr. Haxthausen began his career as an engineer in offshore oil and gas construction, overseeing operations in the North Sea and the Gulf of Guinea. Mr. Haxthausen holds a civil engineering degree from the Ecole Spéciale des Travaux Publics in Paris and an MBA in finance from Columbia Business School.
Director of Operations
Eric Keppeler
Eric Keppeler is currently the Director of Operations at Lake Avenue Capital, LLC (LAC). Mr. Keppeler has an extensive track record of leadership, revenue growth, and customer relationship management, as a veteran of the financial services industry.
Prior to joining LAC, Mr. Keppeler worked at NYL Investors LLC in the Fixed Income division specializing in Investor Relations, where he focused primarily on NYL Investors third-party institutional client base. Throughout his tenure, Mr. Keppeler focused on supporting the Investment Grade Portfolio Management team and Senior Executive Management on all aspects of marketing/due diligence, portfolio analysis, business initiatives, and client reporting.
Previously, Mr. Keppeler worked at MainStay Investments on their Alternative Investment sales desk. Throughout his tenure, Mr. Keppeler focused on building key relationships with large independent Registered Investment Advisors, Private Wealth Managers, and MainStay’s strategic institutional investment managers. He managed all aspects of sales, marketing and account management across MainStay’s Alternative Mutual Funds, Exchange Traded Funds, Closed-End Funds, and Separately Managed Accounts.
Mr. Keppeler holds a B.B.A. in Finance from the University of Notre Dame.
Controller
Andrea Edgar
Andrea Edgar has been with Lake Avenue Capital, LLC (LAC) as Controller since 2017 and is responsible for managing the company’s accounting and financial activities.
Prior to joining LAC, Ms. Edgar spent 7 years in acquisitions at Mount Kellett Capital Management LLC, a private equity fund with approximately $7bn in AUM focused on deep-value, opportunistic investing. Ms. Edgar focused on finding, analyzing, and executing opportunities across a wide spectrum of industries with a concentration in the commercial real estate and oil and gas sectors.
In addition, Ms. Edgar has spent 5 years advising various startup companies as interim CFO for their financial functions. She began her career as an accountant for the audit division at Rothstein, Kass & Company serving financial clients and holds a B.S. in accounting from Boston College.