New Managing Director Will Lead Important Low-income Housing Tax Credit (LIHTC) Syndication Initiatives
NEW ORLEANS & ST. LOUIS–(BUSINESS WIRE)–Advantage Capital, a leading impact investment firm, announced today the expansion of its senior leadership team with the addition of real estate and tax credit equity industry veteran, Lynn Ambrosy, as Managing Director. Ambrosy brings his leadership and vision to Advantage Capital to help lead a talented Capital Markets team working to expand the low-income housing tax credit (LIHTC) and renewable energy business lines within the growing firm.
“Lynn is an experienced and accomplished leader,” said Steven Stull, President, Advantage Capital. “He shares our commitment to supporting underserved areas and brings an impressive track record to the table as we continue to expand the scope of our business. We are thrilled to have him on board.”
Ambrosy comes to Advantage Capital from Aegon Asset Management where he led its syndication platform with direct responsibility for capital raises, fund structuring and investor relations. At Aegon, he originated more than $4.5 billion of tax credit equity in 43 proprietary and multi-investor funds and served as co-head of the LIHTC platform. Ambrosy has more than 25 years of commercial real estate experience spanning both debt and equity with a primary focus on affordable housing.
Ambrosy will lead LIHTC syndication initiatives and place tax credit equity in the firm’s other growing lines of business, including renewable energy, while helping to bolster Advantage Capital’s Investor Relations function.
“Lynn has been on our radar for a long time,” said Talmadge Singer, Managing Director, Advantage Capital. “We are excited to add his acumen to our affordable housing platform and apply his expertise to the important work we’re doing in all tax credit lines to uplift underserved areas.”
Ambrosy holds an MBA from The University of Iowa Tippie College of Business and a B.A. in finance from the University of Northern Iowa.
About Advantage Capital
Advantage Capital provides financing to established and emerging companies located in communities underserved by conventional sources of capital. Since 1992, the firm has invested more than $3.8 billion in companies from a diverse array of industry sectors and has helped support more than 67,000 jobs. Learn more at advantagecap.com, or via Twitter or LinkedIn.
Contacts
Jeff Grass
Vice President, Communications
[email protected]
