Robertson Stephens Accelerates the Transformation of Private Stock Financing with Addition of Venture Debt Veteran and Announces Robertson Stephens Liquidity Fund III

SAN FRANCISCO--()--Robertson Stephens, a global wealth investment advisory firm for high net worth individuals, family offices, institutions and corporations, today named Robert Pitti as Managing Director to Robertson Stephens Asset Management LLC [RSAM], a subsidiary of Robertson Stephens. Continuing Robertson Stephens' legacy of supporting Silicon Valley’s innovators, Mr. Pitti will lead an experienced team to provide financing to shareholders of leading venture-backed companies secured only by their shares. RSAM’s fund is a tax-efficient solution for employees of growth-stage companies looking to exercise options or generate liquidity for personal use. Working closely with company management, the team’s goal is to satisfy employee liquidity needs without having to sell shares in a manner that conforms with the organization’s shareholder agreements.

“As companies remain private for longer periods of time, the need for liquidity options has skyrocketed for their stakeholders,” said Joe Piazza, Chairman & CEO of Robertson Stephens. “To be competitive, management needs to find creative ways to attract and retain the best people. Building this initiative is a natural evolution of our brand’s heritage of helping entrepreneurs. RSAM’s innovative financing solution provides the alternative for those key employees who don’t wish to cede the upside on their hard-earned equity,” Mr. Piazza added.

Prior to joining Robertson Stephens, Mr. Pitti was a founding partner of VSL Partners, a manager of two funds which provided financing solutions to stakeholders of venture-backed businesses. Earlier in his career, Mr. Pitti held senior positions at US Trust Company, Thomas Weisel Partners and Montgomery Securities. Mr. Pitti received a BBA in Finance from George Washington University and earned an MBA in Finance from the University of Chicago.

“The word ‘pioneer’ gets thrown around a lot in the Valley, but Bob was truly at the forefront of the private stock lending business. He was the first to get into the private stock option lending field, launching his first fund back in 2000,” said Ren Riley, President of Robertson Stephens Asset Management. “Bob’s specialty is a perfect fit with Robertson Stephens’ model. RSAM’s fund helps companies offer a highly sought-after benefit and solves a real need for their employees. While founders are engaged in establishing their businesses, we want to offer services and counsel that have meaningful impact. There is real value in creating lasting relationships – for us and for these industry leaders,” said Mr. Riley.

In addition to his role within RSAM, Mr. Pitti has also been charged with building a consortium of influencers in the field of direct secondary financing transactions. “It’s essential for each party in a transaction to have the necessary information to make critical financial decisions. A new generation of sophisticated liquidity management practices can deliver access and visibility as well as help companies control their liquidity with greater precision. Robertson Stephens is at the vanguard; we are sourcing thought leaders and establishing best practices to serve entrepreneurs so that they can manage their most important asset – the equity in the firms they’re building. We are at an inflection point in this emerging secondary market and I am excited to experience it with a premiere firm like Robertson Stephens,” said Mr. Pitti.

About Robertson Stephens LLC

Robertson Stephens LLC, through our subsidiaries Robertson Stephens Advisors, Robertson Stephens Asset Management and Robertson Stephens Securities, offers investment services and advice to high net worth individuals, family offices, institutions and corporations. Our seasoned professionals have access to distinctive, global investment opportunities across traditional and alternative asset classes. Partnership, trust and transparency drive our business and client relationships. Through A Culture of Exceptionalism®, Robertson Stephens delivers business acumen, investment insight and the highest level of personal service.

Contacts

For more information, please visit www.rscapital.com or contact:
Robertson Stephens
Alyssa Ure, 415-500-6810
Director of Marketing and Communications
aure@rscapital.com

Contacts

For more information, please visit www.rscapital.com or contact:
Robertson Stephens
Alyssa Ure, 415-500-6810
Director of Marketing and Communications
aure@rscapital.com