OUR TEAM

Justin Hughes, CFA, Partner & Portfolio Manager

2019 Launched predecessor to Phase 2 Nexxt Funds
2004-2019 Portfolio Manager of Philadelphia Financial’s client accounts
2004 Co-Founded Philadelphia Financial of San Francisco
1994 - 2003 Research analyst covering insurance, asset management, specialty finance, brokers, asset management, exchanges and financial technology
Chartered Financial Analyst
University of California, Irvine: BA in Economics

Rachael Clarke, Partner, Chief Operating & Compliance Officer

2004-2020 CCO and COO of Philadelphia Financial
2004 Co-Founded Philadelphia Financial of San Francisco
Director registered in the Cayman Islands pursuant to the Directors Registration and Licensing Law 2014 and serves on the board and/or committee of investment funds
University of Nevada, Las Vegas: BS in Hotel Administration

Andrew Del Medico, CFA, Partner

2016-2020 Buyside analyst covering universal banks, capital markets, consumer finance, and financial technology
2010-2016 Research analyst covering banks, retail brokers, auto lenders, and capital markets
Chartered Financial Analyst
Lehigh University: BS in Finance and Accounting

Ian McBane, Partner

2008-2020 Analyst and Portfolio Manager at Talkot Capital covering mortgage, specialty finance, banks, and insurance
Oversaw investments across the capital structure and in both public and private equity
2005-2007 Research Analyst in the quantitative practice at ECONorthwest, an economics and finance consulting firm
University of Oregon: B.S. in Finance and Economics; Portland State University: M.S. in Economics

Ron Liu, Associate

2018 - 2020 Analyst covering wealth management capabilities for Northern California clients, public and private, including lending, investments, trust and estate planning and philanthropic advisory services
2017 - 2018 Accounting Clerk at Asia Alternatives Management, a private equity firm with over $10 billion in AUM
University of California, Davis: BS in Environmental Science and Management