Xponance, Inc., a multi-strategy investment firm, has appointed Michael A.B. Orr as managing director & chief investment officer of the firm’s alternative investment subsidiary, Xponance Alts Solutions. Orr will lead the investment strategy for Xponance Diverse Opportunities Fund, LP.
Orr previously was senior vice president & senior client investment officer in the not-for-profit outsourced chief investment officer practice of Northern Trust Asset Management. He has more than 25 years of experience across the financial services industry as an asset allocator, investment banker, and private equity professional.
Orr also had been the executive director of alternative investments at Providence St. Joseph Health, the third largest not-for-profit healthcare system in the U.S. While at Providence, Orr oversaw asset allocation between private equity & debt, venture capital, hedge funds, and real assets.
Xponance Alts seeks to partner with a defined group of diverse and/or women-owned alternative managers through general partnership staking and selective seeding agreements. The company draws upon parent company Xponance’s 25-year history of investing with diverse, emerging, and women-owned business enterprises on public market platforms.
“The successful performance of diverse managers has been verified. I am excited to work with the XAlts team to partner with differentiated alpha-producing firms, particularly in the largely underserved diverse alternative manager community, ” Orr said in a statement.
Orr has a Bachelor of Science degree in economics from The Wharton School, University of Pennsylvania, and an MBA from the Simon Business School, at the University of Rochester.
Xponance has approximately $12 billion of assets under management.