White River Energy Corp (OTCQB: WTRV) announced that it named Colin Cosgrove president and chief executive officer of their private capital affiliate, White River Private Capital Management. The company also appointed Zack Holley as executive vice president and chief distribution officer. The DI Wire reported on the launch of the new White River affiliate last week.
Before joining White River, Cosgrove worked at Inland Securities, where he started as executive vice president and national sales manager in July 2016 and was promoted to executive vice president and head of sales in July 2018. During his time at Inland, Cosgrove’s team reportedly raised more than $8 billion in seven years. Prior to his time at Inland, Cosgrove served as head of sales for Griffin Capital’s Eagle Capital Markets Group, where he launched a new sales team and raised $1 billion dollars for the company’s inaugural interval fund. Before joining Griffin Capital, Cosgrove was senior vice president of sales and strategy with Cole Real Estate Investments for ten years, before its acquisition by Griffin. During his time at Cole, he oversaw a capital raise of $12 billion dollars for the company’s non-traded REIT and 1031 distribution business. Cosgrove also held positions with Edward Jones, E*TRADE Corporation, and the Charles Schwab Corporation. He earned his bachelor’s degree in political science from the University of Iowa and holds FINRA series 7 and 24 certifications.
“With the appointments of Colin and Zack, White River Private Capital Management is well-positioned to expand its reach and drive investment success,” said Randy May, chairman and chief executive officer of White River Energy Corp. “Their leadership reinforces our commitment to excellence and growth and will help to ensure that our investors receive the highest level of expertise and opportunities in the oil and gas exploration sector. We look forward to their deep experience and strategic vision driving WRPCM’s success and contributing to the overall success of White River Energy.”
Holley has worked with Cosgrove for much of his more than 20 years in the non-traded alts industry. As divisional director at Inland Securities, he led a team that achieved back-to-back record years for Inland in capital raise totaling approximately $3 billion. Prior to Inland, Holley served as senior vice president with Griffin Capital, where he assisted distribution efforts as the first wholesaler in the wire house channel which led to firm asset growth of more than $4 billion. Before Griffin, he spent 10 years at Cole Capital holding several roles as the firm grew assets by more than $12 billion. Holley earned a bachelor’s degree in finance from the University of North Texas.
“We are thrilled to lead White River Private Capital Management and drive its strategic vision within the oil and gas industry,” said Cosgrove. “Zack and I have a proven track record of building out sales and distribution teams focused on private products for broker-dealers and registered investment advisors. We feel that WRPCM is a career-defining opportunity for us to partner with Randy May and his team to take this public company to the next level. Our focus is on creating unparalleled investment opportunities while maintaining a commitment to risk management and sustainable growth.”
White River is a vertically integrated energy company with oil and gas exploration, production, and drilling operations on approximately 34,000 cumulative acres of oil and gas mineral leases in Louisiana and Mississippi.