Kinetic Partners, a professional services firm focused on asset management, has created a corporate finance and strategy advisory boutique, called Katalyst Partners. The business, formed in partnership with Dexion Capital, will be led by two senior executives from New Star Asset Management and PricewaterhouseCoopers.

The boutique is being headed by Ravi Anand, former head of corporate finance and co-head of alternatives for New Star, and Frank Ennis, former partner at PwC.

The firm provides corporate finance and strategic advice to the investment management industry, encompassing both traditional and alternative asset managers, wealth managers, closed end investment companies and service providers.

“The current market turmoil provides a number of interesting opportunities for participants in the investment management industry to build scale and diversity,” said Anand.