CHICAGO--(BUSINESS WIRE)--Cresset Capital Management announced today the appointment of Bill Rudnick as General Counsel. Rudnick most recently served as a partner with DLA Piper, a global law firm with lawyers located in more than 40 countries. Rudnick and DLA Piper have been working with Chicago-based Cresset since its inception in 2017.
Rudnick brings decades of experience counseling entrepreneurs on such matters as growth strategy, corporate and family governance, structuring, strategic planning, succession planning and technology. Rudnick has served in numerous leadership roles with DLA, including Managing Partner of the Chicago office and leader of DLA Piper's Strategic Planning and Real Estate Strategy Committees.
As Cresset continues its rapid expansion, Rudnick will take on a dedicated role with the firm’s executive team to support strategic growth initiatives.
“When Cresset was founded, we had a simple yet powerful vision: to reinvent the way people experience wealth by expanding access to a proven ecosystem of ideas, solutions and talent. Bill has played a critical role in helping Cresset achieve that vision since our beginning, and we are thrilled to have him formally join our independent, employee- and client-owned firm,” said Cresset Co-Founder Eric Becker.
In addition to Becker and Co-Founder Avy Stein, Rudnick joins a deeply experienced leadership team, including CEO Michael Cole, Founding Partner & Co-Chairman Doug Regan, and Founding Partner & Chief Investment Officer Jack Ablin. Rudnick will remain in a Senior Counsel role with DLA Piper.
“It is a privilege to be partnering with Cresset’s entrepreneurial team to build a truly differentiated wealth management, multi-family office and private investing platform,” Rudnick said. “I am also pleased to maintain my relationship with DLA Piper, which has been an important piece of my life and family legacy.”
“Bill has been a critical part of the fabric and heritage of our Chicago office for many years, so it is with a mixture of sadness and pride that we wish him all the best in this new endeavor,” said Rick Chesley, Co-Managing Partner of DLA Piper’s Chicago office. “We look forward to not only working with him in his new role as senior counsel at the firm, but with our friends at Cresset.”
Since 2017, Cresset has recruited more than 90 team members across seven offices. Most recently, the firm’s private investing group, Cresset Partners, engaged DLA Piper as legal counsel for its new Qualified Opportunity Zone (QOZ) Fund. In addition to serving Cresset Capital Management, Rudnick will remain in his role as Fund Counsel for the Cresset-Diversified QOZ Fund.
Private equity entrepreneurs Eric Becker and Avy Stein founded Cresset with a vision to reinvent wealth management and with a firm belief that clients deserve better. Cresset offers individuals and families access to a comprehensive suite of family office services, deeply personalized wealth management, investment advisory, planning and other services through Cresset Asset Management, an SEC registered Investment Advisor, which in 2018 surpassed $3 billion in assets under management. Cresset Partners, our private investing group, offers clients direct access to real estate, private equity and other investment opportunities. Alongside Diversified Real Estate Capital, which was founded and is led by Larry Levy, Cresset Partners launched the Cresset-Diversified QOZ Fund, which will invest in Qualified Opportunity Zones across the United States with the goal of creating positive and measurable social impact and the potential for risk-adjusted, tax-advantaged returns.*
*The contents hereof are not to be used as the basis for making any investment decision and are not a recommendation of, or solicitation for, the subscription, purchase or sale of any security, including the fund mentioned herein.