Larry Peck
Senior Advisor
Cambridge Family Enterprise Group
Mr. Larry Peck is a senior advisor at Cambridge Advisors to Family Enterprise, a highly specialized global advisory firm serving family enterprises. Cambridge Advisors and Cambridge Institute for Family Enterprise, an education and research institute, are divisions of Cambridge Family Enterprise Group, a global organization founded in 1989. It is devoted to helping families and ownership groups navigate the new economy and achieve multigenerational success for their families, enterprises, and financial wealth.
Mr. Peck advises family and private enterprises on their total wealth portfolios, including corporate assets and financial assets, M&A, and corporate finance. His career spans 30 years and includes banking, sell-side research, distressed debt investing, equity analysis and portfolio management.
In the areas of portfolios and M&A, Mr. Peck advises family ownership teams, family offices, and management teams on their portfolio strategy, growth investing, private equity, direct investing, acquisition strategy, vetting acquisition opportunities, and divestitures. He served on the Investment Committee for the family office of a 4th generation family that owns a substantial operating company. He has vetted and advised on potential acquisitions for family businesses, family offices, and a publicly-traded SPAC. He spoke at the CFEG “Building Family Wealth” Conference on “A Holistic Approach to Capital Allocation.”
In the area of corporate finance, he advises on capital structure for family companies, using the CFEG approach that integrates the several factors which contribute to a family’s capital decisions. He assisted a family-owned agriculture company to determine ways to fund their strategic expansion, leading their $70 million balance sheet refinancing; he ultimately brought in a mainstream bank to provide a new revolver and term loan, enabling management to embark on its growth strategy while the family retained ownership control. Mr. Peck also advises early-stage companies–of interest to next generation members and portfolio diversification advocates–on external fund raising and identifying friendly financing for growth.
In the area of financial investing, Mr. Peck advises family offices on how to effectively manage the multitude of opportunities presented for investment consideration and liaise with “Wall Street” at-large. Independent of his advisory work, he manages his own family office, actively investing in equities, fixed income, and real estate. Over the course of his career, he has successfully managed capital under various market conditions, having actively invested through the global financial crisis, the tech bubble, and the Asian crisis.
Previously, Mr. Peck was a portfolio manager at SAC Capital where he managed nearly $500 million for the firm. Prior to SAC, he was a Partner with Copper Beech Capital, helping the firm grow from $6 million in assets under management to $800 million over five years. He was primarily responsible for energy and industrial research, and eventually expanded to include retail and consumer stocks. Mr. Peck was previously an analyst with MHR Fund Management, a distressed debt fund. He was the first analyst hired by MHR after the team spun out of Carl Icahn’s firm.
Mr. Peck has a Bachelor’s degree in economics from Skidmore College, and has completed continuing education courses at Columbia University and Harvard Business School Executive Education.
