“This is a powerful piece that includes Eric’s personal story and professional background, as well as the impetus that led us to establish Cresset. We are incredibly grateful that Eric was willing to share his personal story, which provides more insight into our core values and priorities as a firm. There is nothing more important to us than family – yours and ours.” Avy Stein, Cresset Co-Founder
BARRON’S, by Steve Garmhausen May 20, 2022
Having a successful career in finance can make one feel privileged and powerful. But the death of his 21-year-old daughter 10 years ago taught Eric Becker, the co-founder and co-chairman of Cresset Asset Management, that personal tragedy can strike anyone. “It was a kind of crushing, bone-breaking disappointment that no parent should ever have to experience,” he says.
Speaking with Barron’s Advisor, Becker, a former private-equity entrepreneur whose current multi-family office business manages $23 billion of client assets, explains how the loss changed the direction of his life. He reveals why Cresset doesn’t have private-equity backing even though it was founded by two private-equity veterans, invests heavily in private opportunities, and serves a number of private-equity executives. And he explains why it was so important to connect his clients with the likes of Mark Cuban, Ray Dalio, and Walter Isaacson…
