Adam B. Landau, CAIA
Co-Chief Executive Officer and Chief Investment Officer

Adam B. Landau, CAIA, serves as Co-Chief Executive Officer and Chief Investment Officer of Permit Capital Advisors, LLC. He is responsible for overseeing the formulation and implementation of the firm’s investment strategy.  This covers a rigorous process focused primarily on the various aspects of investment due diligence along with working to optimize the structure of client portfolios to maximize the expected level of risk adjusted return.

Prior to joining Permit, Adam served as Managing Director at McCabe Capital Managers, Ltd., working there from 1997 until 2011. Adam oversaw the integration of McCabe Capital’s advisory efforts. He also served as one of two portfolio managers on three fund of funds products, including a hedge fund of funds and a socially responsible investment fund of funds, offered to clients of a number of major insurance carriers through Private Placement structures. Prior to joining McCabe, Adam spent four years at Donaldson, Lufkin & Jenrette (DLJ) where he worked with both retail and institutional clients to develop asset allocation plans and construct appropriate equity and fixed income portfolios.

Adam received his M.B.A. (Finance) from Saint Joseph’s University and a B.A. (Economics) from Rutgers University. He holds the Chartered Alternative Investment Analyst (CAIA) designation and is a member of the CFA Institute and the CFA Society of Philadelphia. Adam serves as Chair of the Board of Trustees at C.B. Community School, a private high school in Philadelphia dedicated to students from foster care. He is also on the Boards of Directors of Bancroft, an organization serving children and adults with developmental disabilities, the Committee of Seventy, a government watchdog group in Philadelphia, and Women’s Way. He also serves on the Advisory Board of the Field Center for Children’s Policy, Practice & Research at the University of Pennsylvania, an interdisciplinary effort of Penn’s Schools of Social Policy & Practice, Law, Medicine, and Nursing, and the Children’s Hospital of Philadelphia, focused on child welfare reform.

Mimi Drake
Co-Chief Executive Officer

Mimi Drake serves as Co-Chief Executive Officer of Permit Capital Advisors, LLC.  She is responsible for the business functions of the firm, and she contributes to the sourcing and evaluation of investment opportunities.

For six years prior to joining Permit Capital Advisors, LLC, Mimi served as the Chief Operating Officer and Chief Financial Officer of Defiance Asset Management, LLC.  Earlier in her career, she spent five years at Miller Anderson & Sherrerd/ Morgan Stanley Institutional Asset Management, where she worked on both the marketing/client service and portfolio management sides of the business.

Mimi received her M.B.A. in Finance from The Wharton School at the University of Pennsylvania in 1995 and her B.A. in Economics from Trinity College (cum laude) in 1990.  She attended Harvard University’s Radcliffe Publishing Course in 1990 and spent three years in magazine publishing prior to Wharton.  Mimi serves on the Board of Trustees at The Shipley School and Ben Franklin Technology Partners, the Corporate Boards of Hudson Global, Inc. (HSON), Verus LLC and the Advisory Board of Crazy Aaron’s Thinking Putty. She is also a Chairman Emerita of the Board of Directors of the 100 Women in Finance Association and Foundation (a global organization with over 20,000 members). Mimi also serves as a panelist for Wharton’s Advanced Management Program’s Social Entrepreneurship Class.

Richard Worley
Senior Advisor

Richard serves as Senior Advisor to Permit Capital Advisors, LLC. Mr. Worley is Managing Partner of Permit Capital LLC which he founded in 2002. He began his career in 1970 as an economist at Goldman Sachs. In 1978 he joined Miller Anderson and Sherrerd, an independent investment management firm in the Philadelphia area. At MAS he was elected Partner in 1980 and Chairman in 1988, a position he held until the firm was acquired by Morgan Stanley in 1996. At Morgan Stanley he served in several capacities including as President and CEO of Morgan Stanley Investment Management. Mr. Worley holds a Bachelor of Sciences degree from the University of Tennessee. He also attended graduate school at the University of Texas for two years before joining Goldman Sachs.

Currently, Mr. Worley is the Chairman of the Philadelphia Orchestra Association a position he has held since 2009. He is also a member of the board of directors of Neuberger Berman, a global investment management company headquartered in New York City, a member of the American Philosophical Society, a director at Philadelphia Media Network and a director at Two River Theater.

He is a former trustee of the Robert Wood Johnson Foundation, the University of Pennsylvania and Penn Medicine, the National Constitution Center and he is a former director of the Colonial Williamsburg Foundation, the Independence Seaport Museum and the mutual funds board of Putnam Investments.

Kimberly Crowley
Chief Operating Officer and Chief Compliance Officer

Kimberly Crowley serves as Chief Operating Officer & Chief Compliance Officer for Permit Capital Advisors, LLC. In these roles Kim provides leadership, strategic vision, and oversight of the firm’s operations and client service. Kim works with the Client Service, Operations and Portfolio Management groups developing process enhancements and improving scalability and service.  Additionally, Kim serves as Chief Compliance Officer for Permit Capital Advisors, LLC and oversees all aspects of the firm’s regulatory compliance program and legal matters.

Previously, Kim worked at McCabe Capital Managers, Ltd. in a number of diverse roles for the firm including Director of Operations. In this role Kim oversaw all back-office functions including performance reporting and portfolio management system integration, and she contributed to the due diligence process with an eye towards analyzing manager operational efficiencies. Kim also served as a key point person in maintaining and managing client relationships.  Prior to joining McCabe Capital Managers, Kim served as Director of Operations for a family owned Registered Investment Advisor and as an analyst for Quellos Capital Management LLC, a fund of funds business.

Kim received her Bachelor of Arts Degree in Accounting from Washington State University.  Kim serves on the Board of Directors of Philadelphia Kids in Care, a non-profit group with an emphasis on education, as well as the Board of Directors of Acting Without Boundaries, an acting program for children and young adults with physical disabilities.  Kim also serves on the Board of Directors of the Nightlight Foundation which is committed to providing long-term housing to adults living with autism.  Additionally, Kim serves on the Steering Committee of Women’s Way, a group dedicated to community involvement that is targeted to advance the rights of, and opportunities for women and girls, to achieve gender equality.

Matthew Taylor
Senior Member of Investment and Client Services

Matthew Taylor is a partner at the firm, where he serves as a senior member of the investment and client service teams. He contributes to the formulation of the firm’s investment strategy and to the due diligence process across both public and private market allocations.

Prior to Permit, Matt was Partner and Portfolio Manager at Cheswold Lane Asset Management, LLC, an international equity firm which he co-founded in 2006.  Previously, he was a Partner and Portfolio Manager at Chartwell Investment Partners. At Chartwell, he managed U.S. large cap value equity portfolios, including the Chartwell Dividend Income Fund.  Earlier, Matt worked at Miller Anderson & Sherrerd as a member of the portfolio management team of the Morgan Stanley Dividend Growth Fund and as a Research Analyst on the Morgan Stanley Institutional Value Trust.  Prior experience includes Prudential Investments and Prudential International Investments, UMS Group and Fidelity Investments.

Matt received an M.B.A. degree from The Wharton School at the University of Pennsylvania and earned a Bachelor’s degree in Economics from Swarthmore College.  He currently serves as a Trustee of the Lower Merion Township Police Pension and Employee Retirement Plans.  He served for eight years on the board of Lifecycle WomanCare (the Birth Center), the largest independent midwife led birthing center in North America.

William T. Curran, CIMA
Senior Member of Investment and Client Services

Bill serves as a Portfolio Manager and senior member of the investment and client service teams at Permit Capital Advisors, LLC.

Prior to Permit, Bill was a Vice President and Investment Officer of Hirtle Callaghan & Co. having joined the firm in 2006. In this role, Bill led the Mid-Atlantic Team’s building, investing and servicing of custom portfolios for family groups, educational institutions, foundations and trade associations. Prior to joining Hirtle Callaghan, Bill was an Assistant Vice President at Delaware Investments, promoting and servicing Delaware’s high net worth, endowment, foundation and pension money management programs throughout a Mid-Atlantic and Northeast geography. Bill served on active and inactive reserve duty in the United States Marine Corps from 2000 – 2008. Bill rose to the rank of Captain and was deployed to the Middle East.

Bill earned a Masters of Science degree in Business Administration from Boston University in 2005 and Bachelors of Science degree from Ohio Wesleyan University in 1992.   Bill is a Certified Investment Management Analyst, having received the designation in 2000 in conjunction with The Wharton School at the University of Pennsylvania.  He is a member of the Investments & Wealth Institute.

Kathy Freed, CFP®
Director of Impact Initiatives

Kathy serves as the Director of Impact Initiatives and is a member of the client service team at Permit Capital Advisors, LLC.

Prior to Permit, Kathy was Director of Client Service at Threshold Group in Philadelphia. Previously, she was the market leader for Citizens Private Bank in Philadelphia. Earlier, Kathy worked at Convergent Wealth Advisors, U.S Trust and Pennsylvania Trust Company. She started her career at CoreStates Investment Advisers in Institutional Sales. Kathy has served on the Boards of the World Affairs Council of Philadelphia, People’s Emergency Center and the Wilma Theater. She is a member of the Forum of Executive Women and the Philadelphia Estate Planning Council.

Kathy earned a Bachelor’s degree in religion from Hamilton College. She holds the Certified Financial Planning designation.

Yelena Pelimskaya, CFA
Director of Research

Yelena serves as the firm’s Director of Research.  She is responsible for due diligence on all new and existing managers and oversees all aspects of the research process. Previously, she spent seven years at Veritable, LP where she focused on manager research across a multitude of asset classes.  In this role, Yelena’s responsibilities included performing due diligence on traditional and alternative strategies, as well as carrying out quantitative and risk analytics.

Yelena received her Master’s Degree in Economics and Bachelor of Science Degree in Astrophysics with Highest Honors from Lehigh University.  She holds a Chartered Financial Analyst (CFA) designation and is a member of CFA Institute and CFA Society of Philadelphia.

Ari Stanger, CPA
Director of Accounting and Finance

Ari Stanger serves as the Director of Accounting and Finance for Permit Capital Advisors, LLC.  In this capacity he manages and oversees all finance and accounting functions for the firm’s private fund structures.  Ari also contributes to Permit’s advisory efforts where he provides tax consulting services for families and institutions.

Prior to joining Permit, Ari was a Senior Manager in the Financial Services Tax Group at Grant Thornton LLP (“GT”), one of the world’s leading organizations of independent audit, tax and advisory firms. In this capacity he provided tax compliance and consulting services to some of the Philadelphia region’s premier hedge funds, private equity funds and management companies.  Ari also served as the chair of a national committee overseeing the development of GT’s Partnership Tax Business Line.  In connection with his contributions, Ari was the recipient of the Grant Thornton National Tax Outstanding Performer award for providing distinctive client services.  Prior to joining GT, Ari worked for a large regional accounting firm in Washington, DC where he served clients primarily in the real estate, government contracting and professional service industries.

Ari holds a BS in Business Administration with Distinction from the University of Pittsburgh, College of Business Administration. He also studied International Business at the University of Economics, Czech Republic and Hebrew Language at Hebrew University, Israel.  Ari is a Certified Public Accountant (CPA) in the state of Pennsylvania and an active member of the American Institute of Certified Public Accountants.  He also serves as an Audit Committee member for the Jewish Family and Children’s Services of Greater Philadelphia (JFCS), is an alum of the Anti-Defamation League Glass Leadership Program and is a founder and past board member of the Jewish National Fund’s (JNF) Philadelphia young professional chapter.

Timothy Ringelstein
Senior Analyst

Timothy serves as an Analyst at Permit Capital Advisors, LLC and contributes to due diligence on existing and new managers and contributes to all aspects of the research process. Previously, he spent three years at Alcatel-Lucent Investment Management Corporation, where he focused on public markets investments and risk management for the company’s defined benefit and defined contribution plans.  In this role, Tim’s responsibilities included investment manager due diligence and compliance monitoring, in addition to analysis related to the pension’s liabilities and risk.

Tim received his M.B.A in Finance, as well as his B.S. in Finance from Saint Joseph’s University.  Tim serves on the Board of Advisors of the Pedro Arrupe Center for Business Ethics at Saint Joseph’s University.

Eric Minnick
Investment Analyst

Eric Minnick serves as an Investment Analyst at Permit Capital Advisors, LLC, and in that role contributes to due diligence across a range of traditional and alternative strategies. Eric has significant experience within the realm of analyzing private businesses as an engineer, investor, and entrepreneur, having run Andover Ventures, an investment fund focused on software-enabled seed-stage startups. He also co-founded the Anther Group, which contributed time in pre-seed startups via technical and business development expertise, and AE Machines, an award-winning automation software company. Previously he worked as a software developer for eVestment, a web-based analytics company, where he specialized in algorithm and database design. While in business school Eric spent time at Edison Partners as an associate on the Financial Technology team, focusing on deal sourcing and due diligence.

Eric received a BS in Computer Science from Stanford University and an MBA from the University of Virginia Darden School of Business.

Joseph Matus, CFA
Investment Analyst

Joseph Matus, CFA serves as an Analyst at Permit Capital Advisors, LLC. In this role, he contributes to all aspects of the research process, including due diligence on existing and new managers. Prior to joining Permit, Joe was an Investment Analyst at Pension Consultants, Inc., where he assisted with the manager research process for the firm’s defined benefit and defined contribution clients. Earlier, he spent time as a proprietary trader at Chimera Securities. Joe’s prior experience includes due diligence on direct real estate and other alternative investments at Independent Financial Group, as well as risk management and reporting for institutional alternative assets at TorreyCove Capital Partners.

Joe received his B.S. in Finance from San Diego State University, where he spent four years rowing with San Diego State Men’s Crew. During his time with the team, he held various leadership positions, including Vice President, Secretary, Fundraising Officer, and Sports Club Student Council Representative. He holds a Chartered Financial Analyst (CFA) designation and is a member of the CFA Institute and CFA Society of Philadelphia.

Jacob Talley
Senior Client Associate

Jacob Talley serves as a Senior Client Associate at Permit Capital Advisors, LLC and is responsible for working with clients by providing point of contact support. Jacob also performs back-office functions including client reporting, portfolio implementation, and portfolio monitoring. Before joining Permit Capital Advisors, Jacob worked as an Analyst at SEI.

Jacob received his M.B.A. with a certificate in Business Analytics, as well as his Bachelor of Sciences in Finance and Economics from West Chester University.

Zachary Fischer
Client Relations Associate

Zachary Fischer serves as a Client Relations Associate at Permit Capital Advisors, LLC and is responsible for working with clients by providing point of contact support. Zachary also performs back-office functions including client reporting, portfolio implementation, and portfolio monitoring.

Before joining Permit Capital Advisors, Zachary worked at Lincoln Investment as an Investment Management and Research Intern.

He received his Bachelor of Business Administration in Finance from Temple University.

EmJay Williams
Client Relations Associate

EmJay Williams serves as a Client Relations Associate at Permit Capital Advisors, LLC and is responsible for working with clients by providing point of contact support. In addition, she performs back-office functions including client reporting, portfolio implementation, and portfolio monitoring.

Prior to joining Permit Capital Advisors, LLC, EmJay spent two years as a Client Service Specialist at Hirtle Callaghan where she worked in concert with the Investment Officers and Portfolio Managers to handle all matters that relate to client administration, reporting, and transitions. She also worked two years as an Operations Specialist at Pershing LLC, a subsidiary of Bank of New York Mellon, where she assisted with client processing and onboarding.

Caren Holzhauer
Investment Operations Associate

Caren serves as Investment Operations Associate at Permit Capital Advisors, LLC working in our private funds group and is responsible for various operational aspects in this area including investor onboarding, third-party vendor coordination, and investor relations. Previously, she spent fourteen years at Morgan Stanley in multiple positions. Caren served as Investor Service Specialist where she implemented and managed the operational processes and daily activities for a large private fund. Prior to this role she served as a Documentation Specialist for the private equity and hedge fund of funds group.

Caren received her BA in Fine Arts from Lycoming College.

Jennifer Stott
Executive Operations Assistant

Jennifer serves as the Executive Operations Assistant for Permit Capital Advisors, LLC.  With more than eight years of experience in the financial services industry, Jennifer oversees all administrative tasks, including scheduling and correspondence.  She works closely with each member of our team to ensure that action items are tracked efficiently and deadlines are met.  In her role, Jennifer utilizes her experience and diverse skill set to provide support to client service teams, back office operations, and most importantly, our clients.