AMA Opens Private Equity Shop

March 13, 2003 ( - Asset Management Advisors (AMA) is setting up shop in the private equity space through the formation of new private equity group and has named a chief executive for the new unit.

AMA, an affiliate of SunTrust Banks, said in a news release that the expansion enables it to actively manage private equity portfolios of existing clients, other family groups with private-equity investments, and institutional investors, as well as to seek out new private equity opportunities.

As part of the corporate changes, Jeff Dyment was named as the private equity group’s chief executive officer. Most recently, he served as the Director of Investments for a substantial family with large private equity holdings. Prior to that, he was the CEO, Chairman, and founder of Vencast, Inc., where he created and developed an online distribution platform for private equity, venture, and hedge fund organizations raising institutional capital.

Founded in 1989 and headquartered in Palm Beach, Florida, AMA maintains local offices in Palm Beach and Orlando, Florida, Atlanta, Washington, DC, and Greenwich, Connecticut.