ROOTED IN THE CAROLINAS

A Leading Private Equity Firm

Broadstreet by the Numbers

$ 0 B
In transactions
10
Acres of land controlled
0
Individual master planned communities/infrastructure developments
0
Homesites in process, 30,000 homesites expected by infrastructure division
100
Individual homes to be built by semi-custom home division
0
Different divisions/practice groups: infrastructure development, home building, structured finance, land banking, hospitality, lodging, industrial/crypto mining
100 +
People employed by our businesses
100 +
Persons associated in our front office department
firm overview

About Broadstreet

Broadstreet is a $3 billion private equity firm that has an impressive track record of identifying promising growth sectors for capital investments. Based in Greenville, South Carolina, the firm’s investor profile includes high-net-worth individuals, family offices, registered investment advisors, and institutional investors. The company has $3 billion in transactions and there are more than  600 people employed in the businesses it controls.

Broadstreet’s formula for private equity investing has been to focus its attention on dominating the Carolinas rather than holding investments across the entire United States.  The synergies that arise by being a major player in a single regional market delivers efficiencies,  enhanced opportunities, and profits. 

Another key to success is the firm's private equity investments in these high-profile brands:

Our Businesses

Broadstreet is the largest land infrastructure developer in the Carolinas with more than 40 projects that cover approximately 30,000 home sites. The firm’s significant development business has allowed expansion to ancillary real-estate based opportunities that include home development, land banking, and hotel lodging, to name a few.

Leadership Team

Relationships and expertise. That is the Broadstreet difference in private equity investing.

EXECUTIVE OFFICERS

David Feingold is Chief Executive Officer of Broadstreet, Inc. David has deep and diverse expertise that makes him uniquely positioned to lead Broadstreet’s many interests. He began his career as a corporate and litigation attorney at a major national law firm where he acquired valuable business and legal knowledge through complex business transactions, arbitration, and litigation.

More recently, David has been involved in complex derivatives transactions, structuring liquidity for early investors in well-known Silicon Valley firms and handling international carry trades for multi-billion-dollar hedge funds. He has also developed more than one billion dollars’ worth of residential housing developments and participated in some of the largest complex structured finance transactions in alternative finance including portfolios derivatives, discounted factored receivables and non-performing mortgage pools.

David has also maintained a strong focus on charitable efforts throughout his career, including providing funding for several international aid projects, including a school in Guatemala, a children’s food program in Russia and a children’s health program in South America. Closer to home he has provided funding for educational projects and scholarships primarily in Florida, his home state.

David is a graduate of Emory University and Emory University Law School. David is happily married with seven children. David is based in Miami, but spends time in both Greenville, SC and Latin America.

Joseph Baldassarra established the entity known as Broadstreet Global Fund in 2015 with his brother Steven after nearly twenty years of experience in financial services. He serves as president of Broadstreet Inc., and fund manager of Broadstreet Global Fund. Prior to Broadstreet, Mr. Baldassarra was a co-founder of CJS Financial Advisors, a full-service financial firm. This included recently managing the CJS Technology Select Fund, which specializes in investments in proven, late-stage, pre-IPO companies. Mr. Baldassarra focuses on relationship management and strategic growth. Mr. Baldassarra began his career as an independent registered representative with LaSalle Securities, where he focused on servicing high-net worth clients. Mr. Baldassarra and his family live in Greenville, S.C.

Steven Baldassarra established the entity known as Broadstreet Global Fund in 2015 with his brother Joseph after nearly 20 years of financial services experience. He serves as chief operating officer of Broadstreet Inc., and fund manager of the Broadstreet Global Fund. Prior to Broadstreet, Mr. Baldassarra was co-founder of CJS Financial Advisors, a full-service financial firm. Mr. Baldassarra focuses on portfolio management and strategic growth. Mr. Baldassarra began his career as an independent registered representative with LaSalle Securities, where he focused on servicing high-net worth individuals, businesses, and institutional clients. Mr. Baldassarra and his family live in Greenville, S.C.

Jackie joined Broadstreet in March 2019 as the financial controller and now serves as Chief Financial Officer of Broadstreet, Inc. and treasurer of Broadstreet Global Fund. She leverages her extensive industry experience in the execution of finance services such as accounting, treasury and reporting for the company. Prior to joining Broadstreet, Jackie spent most of her career as controller at a healthcare company that sold imaging and radiation therapy equipment and operated imaging centers in the United States, Canada and United Kingdom. In that role, she provided professional services across a broad range of finance and administrative areas including business process, bookkeeping, human resources, payroll, sales tax, US and UK audits and financial reporting. In addition to managing company finances, she also provided administrative and accounting support to the CEO for his privately held companies. Originally from South Florida, Jackie relocated to Greenville in 2020, where she lives with her husband and two daughters.

Ed Faas is Chief Compliance Officer and a 20+ year veteran of the financial services and compliance industry. After beginning his career in accounting, Ed transitioned to financial services and has since held various compliance positions with Luttner Financial Group, MetLife and Brighthouse Financial. Most recently he served as Director of Compliance for MassMutual Carolinas. A Pittsburgh native, Ed currently lives in Greer, S.C. with his wife Rachel and three sons. In his free time you can find him volunteering his time as a coach for Carolina Rage Hockey.

Non-Executive officers

Senior Managing Directors

David Berger is a Senior Managing Director of Broadstreet Inc. David is a veteran of the hospitality and economic development industry. Prior to Broadstreet, David served as Chief Operating Officer for Hospitality America, which operates more than 20 hotels throughout the United States. Earlier in his career, he served as General Manager for several national hotel chains, including Starwood Hotels & Resorts, Marriott, and others. Since arriving in Greenville in 2013, David has been an active member of the community, serving on the Executive Board of Directors for Visit Greenville SC and Artisphere. Mr. Berger has also served for six consecutive years on the Accommodations Tax Advisory committee (ATAX) for the City of Greenville, SC.

Michael Dazzo is a Senior Managing Director of Broadstreet, Inc. and has more than 25 years of experience in financial services. Michael began his career on Wall Street in 1994 at the age of 21, and became the youngest senior vice president of his firm just two years later. After transitioning to focus on the housing market in Florida he then ventured into the debt services business which led him to build a multi-million-dollar business that employed over 100 individuals. In 2012, Michael entered the private equity industry and has been involved in over $2 billion in transactions to date.

Akhil Morada is a Senior Managing Director of Broadstreet, Inc. With over 18 years of experience in the financial industry. Akhil has a skilled history of developing long-term relationships with clients through turbulent markets. After working in a variety of financial firms, he entered private equity in 2016.

Originally from Kathmandu, Nepal, Akhil moved to the United States at the age of 18 and now resides in Puerto Rico where he is a fitness enthusiast and a passionate equestrian.

Clay J. Schile is Senior Managing Director of Broadstreet’s Cryptocurrency Mining operations. He comes to Broadstreet after more than 23 years with General Electric, where he was senior manager of GE’s largest engineering field testing team working across 15 countries. He was inducted to the GE Test Engineering Hall of Fame in recognition for lifetime contributions. In addition to his role at GE, he has over 10 years of experience of business ownership operating five businesses employing more than 100 employees, including a Tier 1 power technology consulting company. Clay is a former USAF reservist and commercial pilot, serves on the Clemson University Advisory Board to The School of Mechanical Engineering, lives in the upstate of SC, and enjoys spending time traveling or in the outdoors with his wife and two daughters.

Carl Smith is a Senior Managing Director of Broadstreet, Inc. He brings over 25 years of experience in financial services. He began his career as an independent registered representative with LaSalle Securities, where he focused on servicing high-net-worth individuals, businesses, and institutional clients. He has held many different securities licenses, as well as a Florida insurance and real estate license. In his free time, he enjoys spending time with his two teenage sons who share his interest in classic cars and boating between his homes in New Hampshire and South Florida.

Managing Directors

Gabriel Alvarez
David Halabu

Partners

Roshan Abeyweera
Daniel Amaniera
Terry Au
Albert Chcoury
Bernard Jasmin
Richard Kessler
Kieran Loughran
Nihar Patel
Vikas Patel
Michael Pellegrino
Jay Reddy
Todd Sanders
Steven Sconzo

Analysts

Ryan Feingold
Richard Schaefer

Associates

Joel Desilets

“Decades of experience within our core categories brings the expertise and relationships needed to identify and implement growth opportunities in the Carolinas.”

Broadstreet Organizational Structure

Disclosure: Each individually named Broadstreet company is a separate and distinct legal entity. Any investor in a Broadstreet entity shall only be subject to the rights, duties, obligations or participation in that entity for which they have executed a binding written agreement.

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Multi-disciplined private equity investment opportunities driven by strategy, sector expertise, relationships, and the power of leading brands.

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