Grand Avenue Advisors LLC and its affiliates (GAA) were founded in May 2018 by Charles Goodgal, Andrew E. Hurni, Alan S. MacKenzie, Jr. and Joshua B. Parker (the “Principals”). The genesis of GAA came out of their desire to provide innovative and diversified investment opportunities to their family and friends as well as themselves. Collectively, the Principals have made, and will continue to make, meaningful investments into all GAA offerings.

 

Each of the Principals has at least 30 years of experience in the investment world. With
backgrounds in private placement investing, proprietary trading, portfolio management, hedge fund management, mutual fund advising, legal & compliance, and financial accounting & performance reporting, the GAA team is uniquely qualified to evaluate the risks and rewards of a wide range of investment opportunities.

Prior to forming GAA, the Principals were the principals or general counsel of the Gargoyle Group of companies. Gargoyle, founded in 1988 and ceasing operation in April 2020, managed hedge funds, mutual funds and separately-managed accounts, leveraging its two areas of expertise—value-stock investing and options valuation. At its peak, Gargoyle had over $620 million in assets under management/advisement.

Before the inception of GAA, the Principals managed or advised an investment club called OTAF, LLC. Over its 20-year existence, OTAF and its affiliates invested over $35 million in over 40 different debt and/or equity investments, ranging from trading businesses to real estate to oil-and-gas to bricks-and-mortar businesses, typically in the start-up or early development stage. In the spring of 2018, the Principals decided to formalize the investment process of this club and start GAA, a private investment firm.

Since inception GAA has completed fourteen offerings and raised total committed capital of more than $121 million.