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Black Enterprise Magazine July/August 2018 Issue

If the mark of a successful investment firm is repeat business, then CastleOak Securities L.P. is marking its territory all the way to the bank. Since July 2006, the company has co-managed multiple deals for more than 35 blue-chip clients.

Less than a month after receiving approval from the Financial Industry Regulatory Authority, the capital market’s regulatory body, CastleOak’s first deal earned $300 million for General Electric Capital Corp. Since then, CastleOak has co-managed nine more deals with GE Capital, seven for Citigroup, six for American Express, and three for Goldman Sachs.

After raising $90 billion in managed issues, CastleOak, under the leadership of President and CEO David R. Jones, could rise to the No. 3 position on this year’s be investment banks list.

Jones, 43, founded CastleOak in December 2005 after leaving Blaylock &
Co. (No. 3 on the be investment banks list with $85 billion in managed issues) with the uncommon idea of creating a minority investment firm in collaboration with a strategic partner. By March 2006, Jones had a definitive agreement with Cantor Fitzgerald, who purchased a 45% stake in the company.

“We thought that the combination of Dave’s track record and client relationships layered on top of our infrastructure and support would create an exciting business model,” says Laurence Rose, senior managing director at Cantor Fitzgerald.

“We’re probably the most well-capitalized minority-owned firm. It allows us to do bigger deals. We don’t have to turn down transactions because we can use our own capital for underwriting,” says Jones.

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Marcia Wade Talbert

Marcia is a multimedia content producer focusing on technology at Black Enterprise Magazine. In this capacity she writes and assigns stories to educate readers about social media; digital integration; gadgets, apps, and software for business and professional development; minority tech startups; and careers in STEM (Science, Technology, Engineering, and Mathematics). In 2012, she received two Salute to Excellence Awards from the National Association of Black Journalists and was recognized by Blacks in Technology (BiT) as one of the Top 10 Black achievers in the tech arena for 2011 at SXSW in Austin, Texas. She has spoken about technology on panels for New York Social Media Week, at The 2012 Rainbow/PUSH Wall Street Summit, as well as at Black Enterprise’s Entrepreneurs Conference and Women of Power Summit. In 2011, SocialWayne.com chose her as one of 28 People of Color Impacting the Social Web, and through crowdsourcing she was listed as one of BlackWeb2.0's/HP's 50 Most Notable African American Tastemakers in Social Media and Technology for 2010. Since taking on the role of Tech editor in September 2010, she has conceived and produced five cover stories on Technology and/or STEM and countless articles, videos, and slideshows online. Before joining BlackEnterprise.com as an interactive general assignment reporter in 2008, she freelanced with Black Enterprise beginning in 2003 while working as the technical editor at Prepared Foods magazine. There she further honed her writing skills and became an authority on food ingredients, including ingredients used in food fortification and enrichment. Meanwhile, her freelancing with Black Enterprise and BlackEnterprise.com helped her stay current on issues pertaining to the financial and business welfare of African Americans. As a general reporter for Black Enterprise she attended and reported on the Democratic and Republican National Conventions, where she interviewed Valerie Jarrett, senior advisor and assistant to President Barack Obama and U.S. Attorney General Eric Holder. Marcia has a Bachelor of Science degree in Agriculture with an emphasis in food science from the University of Minnesota, and a Master of Science degree in journalism from Roosevelt University in Chicago. En route to her secondary degree, she served as the editor-in-chief of the Roosevelt University Torch, a weekly, student-run newspaper. An avid photographer and videographer, Marcia is one of several employees at BLACK ENTERPRISE who interned for the publishing company as a college student. She lives in New Jersey with her husband, a food scientist; her seventeen-month-old daughter; and “The Cat”, but still considers Chicago home.


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