Avalon Lake Partners, an advisory firm for the alternative asset management industry, continues to build on its platform by adding Michael Byl as a director, rounding out its pre-launch and compliance activities, and enhancing its due diligence offering.

“In this difficult capital-raising environment it is imperative that funds distinguish themselves from the competition by emphasizing and effectively communicating their edge to the right targets,” says Lou Sala (pictured), managing partner and chief executive of Avalon Lake Partners.

Byl has three decades of experience in marketing, capital-raising and compliance. Over the course of his career he has raised in excess of USD2.5bn, vetted a vast array of strategies and has started and managed multiple regulated companies in the asset management space.

At Avalon Lake Partners he will manage marketing and client-facing activities, and work with the compliance team on regulatory issues.

“With Michael on board, clients can expect to receive the highest levels of expertise and an in-depth understanding of how to successfully manage their business,” says Ilicia Silverman, head of business development and partner at Avalon Lake Partners. “He compliments the team perfectly and we are delighted to have him on board.”