OAKLAND, Calif., Feb. 27, 2019 /PRNewswire-PRWeb/ -- The Toigo Foundation today announced the recipients of the non-profit's Bridge to Business grant award - aimed at supporting the successful launch and growth of Toigo Alumni-owned business ventures. The 2018 Bridge to Business award recipients are Joseph Acevedo of MoonSail Capital, LLC and Eric Samek of Brasa Capital Management. Both recipients are Los Angeles-based.
"It is a delight every year to see the applicant pool and the talent of Toigo Alumni it reflects. Toigo Alumni are pursuing their dreams of business ownership in enterprises spanning traditional finance, tech, fintech and venture. We remain enthusiastic about their success," said Nancy Sims, president and CEO of Toigo.
Joseph Acevedo, Toigo Alumnus from Wharton (2003) is a Managing Director and co-founder of MoonSail Capital, LLC, a private equity firm with offices in Los Angeles and San Juan. MoonSail invests in well-positioned, founder and family owned, lower-middle-market companies in the United States and Puerto Rico with a special interest in investing in growth-oriented MWDBE businesses.
"I am so honored and grateful for this recognition and the trust Toigo is placing in us. I just can't say enough about how much Toigo has stayed true to its mission and gone above and beyond to support Fellows and Alumni in our career pursuits," said Acevedo. The selection committee was moved by Acevedo's unwavering commitment to MoonSail's strategy, the composition of the firm's management team, and the potential for their long-term success.
Eric Samek, a Toigo Alumnus from Stanford (2003) is the Founder of Brasa Capital Management, a real estate investment firm that invests in multifamily, office, industrial and retail projects in the Western US and Texas. The selection committee was impressed by Brasa's business strategy and potential for success.
"My hope is that our firm becomes successful enough that we can make meaningful contributions to the Toigo Foundation so that other Alumni have the same opportunities that Toigo has provided to us," said Samek.
Both awardees were standouts in the applicant pool for their unquestionable dedication and loyalty to the mission of Toigo.
About the Toigo Foundation. Bridge to Business is an initiative of the Toigo Foundation's post graduate programming. Launched in 2010, the Toigo Institute leverages the Foundation's 30 years of experience within the finance industry in developing and supporting minority MBA talent to serve a broader multicultural community of professionals working in finance and beyond. The Toigo Institute's initiatives and events are focused on leadership advancement of underrepresented professionals, including women and minorities. Committed to changing the face of finance, the Toigo Foundation inspires and supports minority MBAs as they earn their graduate degrees and pursue successful careers in the field of finance. The Toigo Alumni and Fellow network includes nearly 1,400 minority MBAs working in all sectors and all levels of leadership in finance.
SOURCE Robert Toigo Foundation