• Episode 168: Investing in Success

  • Aug 21 2024
  • Length: 25 mins
  • Podcast

Episode 168: Investing in Success

  • Summary

  • Joseph (“Joe”) DaGrosa, Jr., is the Chairman and CEO of Axxes Capital. Mr. DaGrosa has over 30 years of experience in successfully investing in multiple industries including sports & entertainment, retail, food & beverage, insurance, real estate, hospitality, healthcare, and aviation. Mr. DaGrosa also serves as Chairman of private equity firm, DaGrosa Capital Partners LLC, a Miami-based private equity firm focused on making control and influential minority investments in exceptional companies located throughout the United States, Western Europe and Latin America. In 2019, Mr. DaGrosa co-founded and served as Co-Chairman of Quinn Residences, a $900 million real estate investment trust focused on the acquisition and development of single-family home rentals in prime rental-growth markets throughout the United States. Quinn Residences is now one of the fastest-growing companies in the single-family home rental market. Mr. DaGrosa also served as Chairman of GACP Sports LLC, which acquired F.C. Girondins de Bordeaux, a first-division French soccer team as well as Soccerex Ltd, the world’s largest B2B convention business for the global football industry. Previously, Mr. DaGrosa was Co-Founder and Senior Partner at 1848 Capital Partners LLC (“1848”), where he was responsible for all aspects of the firm’s private equity investments. In 2003, Mr. DaGrosa and his partners formed Heartland Food Corp. (“Heartland”), an acquisition vehicle that acquired 248 Burger King franchises out of bankruptcy, and successfully co-led the turnaround and sale of Heartland to GSO Capital (now part of Blackstone). In 2008, Mr. DaGrosa co-led the acquisition of Jet Support Services Inc. (“JSSI”), the world’s largest independent provider of warranty and insurance programs for the maintenance of private jets. Mr. DaGrosa served as Vice-Chairman and Co-Chief Investment Officer of JSSI until the sale of the company in 2020 to GTCR. Prior to 1848, Mr. DaGrosa was a Partner at Maplewood Partners LP, a Miami-based private equity firm, where he served as Co-Head of Transactions and Chief Administrative Partner. Mr. DaGrosa began his career in 1986 at Paine Webber, Inc. in the firm’s Management Audit and Controls Program and from 1988 to 1996 worked as a financial advisor in the firm’s Special Accounts Group. Mr. DaGrosa currently serves on the board of directors for Hoy Health LLC, Soccerex LLC, and Brazil Tower Company LP, and previously served on the board of Global Crossing Airlines Group Inc., Eastern Airlines Group Inc., and SMobile Systems, Inc. He also serves on the board of Camillus House, a non-profit organization focused on meeting the needs of Miami’s homeless citizens. Listen to this insightful RIA episode with Joseph DaGrosa about investing in success. Here is what to expect on this week’s show: - How interval funds eliminate the need for complex subscription documents, enhancing investor accessibility. - Why it’s important to have a strong back office and compliance framework when managing complex investment funds. - How private investments are a transformative tool for retail investors. - Why democratizing access to investment opportunities makes it so everyone can invest in opportunities that were traditionally available only to the wealthiest people. - How interval funds have advantages over direct commitments to private equity funds, including immediate capital deployment and reduced fee structures. Connect with Joseph: Links Mentioned: dagrosacp.com LinkedIn linkedin.com/company/dagrosa-capital-partners Learn more about your ad choices. Visit megaphone.fm/adchoices
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