ARCTRUST Properties Inc., a sponsor of non-traded alternative investment offerings, has hired two vice presidents of institutional equity capital, Daniel Gormont, Sr. and Chris Wadelin, who will focus on raising new equity investment capital within the registered investment advisor, family office, and institutional marketplace across the United States.
With more than 20 years of investment industry experience, Gormont’s career has spanned raising capital in the private equity and alternative investment space, as well providing asset management services to bank trust departments, independent trust companies and wealth management family offices.
According to his LinkedIn page, Gormont previously served as vice president of the RIA channel for the eastern markets at Triton Pacific Securities. Other positions include vice president of sales at Fidelity and director of marketing and distribution at Kellner Capital. Notably, he served a tour of duty with the United States Secret Service in 2006, providing protection for former President George W. Bush.
Gormont holds a bachelor’s degree in business administration from Pennsylvania State University and FINRA Series 24, 7 and 63 securities licenses.
Wadelin’s experience in the financial services industry began on the wealth management side, and he spent most of the last decade on the sponsor side, focused on commercial real estate, and private equity alternative investments. During his tenure, he has helped raise more than $1.7 billion of investor capital, the company said.
According to his LinkedIn page, Wadelin previously served as a regional vice president at Simplicity Financial Distributors, formerly M3 Financial, senior vice president of capital markets at Access Capital Group, and senior vice president at Moody National Companies.
He holds a bachelor’s degree in physiology from Northern Illinois University and FINRA Series 7 and 66 securities licenses.
“With combined investment management experience of over 35 years, coupled with a heavy emphasis on real estate, private equity and alternative investments, we’re pleased to welcome Mr. Gormont, Sr. and Mr. Wadelin to the ARC- TRUST team,” said James Steuterman, president of ARCTRUST.
ARCTRUST Properties Inc. sponsors several Regulation D private placement offerings and real estate investment trusts, including ARCTRUST Inc., ARCTRUST III Inc., and Capitol Opportunity Zone LP. Over the past 35 years, ARCTRUST and its affiliates have been responsible for more than 500 transactions valued at more than $3.5 billion, the company said.