News

We are excited to announce that Mr. Marcel Herbst has officially joined Stonehaven, LLC as our 32nd Affiliate Partner.

Marcel Herbst is the Founder and Managing Director of Affiliate Partner Group, Elgin Crescent, LLC. Mr. Herbst focuses his efforts on capital raising activities for Private Equity, Private Credit, and Direct Deals. Prior to launching Elgin Crescent, Mr. Herbst was a Partner and Head of Capital Formation at Acceleration Resources, a San Francisco based energy private equity firm backed by an institutional $50 billion family office. From 2013 through 2017, he was the inaugural Partner and Head of Capital Formation of Arena Investors, LP, a NY based global alternative credit firm. Mr. Herbst was deeply involved in building the firm and was integral in leading its growth to 41 employees and $1 billion of committed capital. From 2002 through 2013, Mr. Herbst was the Executive Director of Harcourt Group, a Swiss based Fund of Hedge Funds, where he led and managed the growth of the firm from zero to $6 billion in AUM until the sale of Harcourt AG to Vontobel Group, a Swiss private bank, for $300 million. During this time, Mr. Herbst created joint ventures and led acquisitions across Europe and the US, where he served as the Head and Chief Operating Officer of the US division. Mr. Herbst began his career in 2000 at Enron Corporation in London as an Analyst.

Mr. Herbst received an M.B.A. from the University of St. Gallen, Switzerland in 2001. Mr. Herbst holds Series 7, 24 and 63 licenses with FINRA. He is also a board member of the rBaby Foundation and recipient of the “rBaby Hero Award” of 2013. Mr. Herbst lives in New York with his wife and two children.


About Stonehaven, LLC Stonehaven is an industry leading global placement agent focused on hedge funds, private equity, real estate, venture capital, private placements, and long‐only strategies.  Stonehaven’s platform serves as a nexus between select investment opportunities and the institutional investment community with a talented capital raising team and robust infrastructure. The Firm’s dynamic structure fosters an ever‐ evolving stable of distinctive managers to match the demand across the diverse investor community. Founded in 2001 by CEO David Frank, the Firm is entirely management owned, giving it complete independence to continue pursuing its entrepreneurial approach while maintaining the highest ethical and regulatory standards.