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Boston Impact Firm Hires Ex-Bain Capital Compliance Chief
Law360 (July 13, 2021, 10:10 PM EDT) Arctaris Impact Investors LLC, a Boston-based firm focused on business and infrastructure in underserved communities, announced Tuesday that it has hired Bain Capital s former global chief compliance officer as its general counsel and compliance officer.
Alan Halfenger, who officially started his new role on June 30, spent 10 years developing global compliance, risk and control functions for private equity, venture, credit impact and hedge fund affiliates at Bain, Arctaris said in its announcement. Halfenger also previously worked in legal and compliance roles at JP Morgan, and he worked as a regulatory consultant for PriceWaterhouse earlier in his career.
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CEI Capital Management LLC has announced $1.49 million in Maine New Markets Capital Investment Tax Credit financing to support the ongoing revitalization of Saddleback Mountain Ski Resort.
The tax credit investment will be managed by Arctaris Impact Investors, and continue redevelopment of the resort expected to add 200 part- and full-time jobs and boost the economy of the Rangeley area, CEI said in a news release.
Boston-based Arctaris bought the ski area, which closed in 2015, last year and reopened it for skiing in December. Since 2019, Arctaris and its partners have invested more than $26 million in revitalizing the resort, but a significant financing gap remained, potentially halting the momentum of redevelopment, the release said.