Two life insurance distribution veterans are backing an alternative investment program management firm.
Brakovich and Shepherdson will be helping Steadfast expand its $1.6 billion public, non-traded real estate investment trust (REIT) and future alternative investment programs, Steadfast says.
Brakovich and Shepherdson will be joining the board of the Steadfast REIT’s parent, Steadfast Capital Markets Group L.L.C., Irvine.
Brakovich has been a manager at AXA Distributors, a U.S. arm of AXA S.A., Paris, and at MetLife Investors, a unit of MetLife Inc., New York (NYSE:MET), Steadfast says.
Shepherdson has been president of retirement services at AXA’s AXA Equitable, New York, Steadfast says.
Shepherdson says in a statement that Crossroads Capital will help Steadfast improve and expand its distribution platform.