Aetos Capital Marks Progress in Absolute Return Investment Unit by Expanding Team.

Business Editors

New York, NY--(BUSINESS WIRE)--November 19, 2001

Northwestern University Endowment Fund Alternative Assets Manager

Jeffery Mora to Join Former Stanford CIO Anne Casscells in New Venture

Aetos Capital, LLC, an independent investment management firm serving institutional and high net worth clients, today announced that Jeffery J. Mora, 35, will join the firm's absolute return investment unit as a Vice President, reporting directly to Anne Casscells, who recently joined Aetos from Stanford University where she was the Chief Investment Officer of the endowment.

Mora will leave his current post as Manager, Alternative Assets for the Northwestern University Endowment Fund and join Aetos as of December 1, 2001.

During a tenure at Northwestern that began in 1994, Mora formulated portfolio management strategies for the University's $4.0 billion endowment fund. He also managed a global alternative investment portfolio valued in excess of $2.0 billion in commitments, thereby developing expertise in absolute return strategies, venture capital, private equity, distressed investments, oil & gas and real estate.

Prior to assuming his position at Northwestern, Mora worked for two years as a consultant in the valuation services group at Price Waterhouse in Chicago, Illinois, where he valued a diverse range of financial instruments ranging from privately-held equity and fixed income interests to various financial derivatives.

Earlier in his career, Mora worked for National City Corporation in Columbus, Ohio. Mora earned a Master of Management degree from the J.L. Kellogg Graduate School of Management at Northwestern University, and a Bachelor of Science degree, majoring in finance, from Miami University. He became a Chartered Financial Analyst in 1994.

James M. Allwin, President of Aetos Capital, said, "Jeff is an experienced professional with a strong track record in the field of institutional investment management. His addition to our team is a further step in our strategy of attracting the highest quality professionals and offering a limited number of focused investment vehicles to institutions and high net worth individuals. We continue to believe this is the best way to produce outstanding financial returns and to grow our investment management business."

Anne Casscells, Managing Director of Aetos Capital, said, "The absolute return investment strategies we are pursuing are well suited to the volatile marketplace investors are now confronted with. Jeff's broad experience in asset allocation and in managing a wide range of alternative investments will add great value to our absolute return efforts."

Looking ahead to his work with Aetos, Mora said, "I'm excited about the opportunity to return to the private sector and be part of a growing business that is positioned to become a major force in the world of investment management.

I look forward to joining Aetos' enormously talented management team and leveraging my experience on behalf of Aetos, its clients, and its strategic partners."

Aetos Capital, LLC is a world-class investment firm that offers a focused set of investment products to a global institutional and high net worth client base. Aetos is currently structured to directly manage strategies in property, absolute return and private equity markets. Aetos intends to complement this platform of alternative products with a traditional money management capability.