Summary
Overview
Work History
Education
Accomplishmentsandinterests
Timeline
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Eric H. Yu

Eric H. Yu

Head Of Finance & Operations
New York

Summary

Professional with robust background in directing and managing large-scale operations, consistently driving success through strategic planning and execution. Adept at implementing innovative solutions that enhance productivity and operational effectiveness. Known for fostering teamwork and adapting to evolving business needs, ensuring alignment with organizational goals.

Overview

23
23
years of professional experience
2009
2009
years of post-secondary education

Work History

Director, Head of Finance & Operations

Galaxy Digital
08.2021 - Current
  • Manage the accounting, finance, tax, operations, and overall fund management of three flagship VC funds, three SPV vehicle funds, all of which are SEC registered funds.
  • Manage the firm’s finance staff domestically. Identify, attract, and retain exceptional talent and manage the team’s professional development. Cultivate a culture of inclusion, knowledge sharing, and team-based success.
  • Manage every aspect of the Investor Relations, participating in fundraising, due diligence, investor questionnaires and, where applicable, side letter negotiations, and responding to inquiries regarding UBTI, ECI, FIRPTA and other tax consequences for ERISA and offshore investors.
  • Work with Galaxy-wide cross functional teams on quarterly and annual public filings, as well as regulatory filings such as Form ADV, Form PF, CIMA filings.
  • Work with the investment deal team and GPs on portfolio company management of 140+ portfolio companies.
  • Built the portfolio company management infrastructure and lead our quarterly valuations and valuation committee meetings consisting of the GPs, President of Galaxy Digital, GC and CFO. Responsible for the drafting, maintenance, and adherence to the firm’s policy for valuation.
  • Execute trades across multiple crypto OTC counterparties to capitalize on market opportunities and maximize returns.
  • Participate in trading discussions and brainstorming sessions to develop effective strategies.
  • Perform trade settlements and calculate performance metrics.
  • Monitor available capital, recycling, and capital requirements at each stage of each fund’s life-cycle. Oversee distributions, performance calculations (IRR/MOIC/DPI), gross-to-net spread analysis, management fees, carried interest, allocation and expense policies.
  • Build and manage all performance tracking at the funds and portfolio company levels.
  • Manage all service providers, OTC trading counterparties, digital asset custodians, fund admin, bank relationships, fund credit facility, etc.
  • Partner with the firm’s Chief Compliance Officer and support the financial aspects of the firm’s compliance program. Partner with the firm’s Chief Compliance Officer to complete examination by the SEC.
  • Develop Interactive franchise budgets and forecast. Manage all firm treasury operations, including cash management, liquidity management, multiple banking relationships and foreign exchange risk management.
  • Extensive experience with US pass-through investment and fund structures, accommodating tax preferences of pensions, tax-exempt, and foreign investors. Assess risks and implement foreign tax strategies.
  • Responsible for the drafting, maintenance, and adherence to the firm’s policy for valuation. Responsible for the assessment and selection of third-party valuation agents, if applicable. Chair the firm’s valuation committee.
  • Negotiate debt financing and capital call credit facilities.


CFO, CCO

GF Capital Management & Advisors LLC
05.2019 - 08.2021
  • Responsible for accounting, finance, tax and overall fund management of two private equity funds, two real estate funds and other private investment vehicles, all of which are SEC registered funds
  • Managed the internal compliance program and ongoing SEC registration requirements as part of being Chief Compliance Officer
  • Reported to GPs, as well as managed and developed team members
  • Managed all aspects of management company operations, cashflow forecasting, budgeting, and reporting including the administration of payroll, employee benefits, insurance, expenses, IT
  • Prepared monthly spend reports for GP to understand cashflow and optimize cost savings
  • Managed all vendor relations and maximized cost efficiency across systems and processes
  • Performed waterfall calc with respect to carried interest for reporting & distribution purposes
  • Tracked fund performance stat in real time including fund IRR, MOIC, and other reporting calculations
  • Maintained financial models for cash flow projections, distributions and investor
  • Developed tax strategies during entity formation, and oversee all firm and fund related tax matters, such as LP K-1s, Fund and private investment vehicle tax returns, and tax filings

Assistant Controller

Tiger Global Management LLC
10.2011 - 05.2019
  • Company Overview: Flat structured PE/Venture Capital fund with $13B AUM across 8 active funds
  • Managed three main funds (total $4.5B AUM)
  • Contributed to fund launch activities which included preparation of performance metrics for IR communications, and calculation of economic allocation percentage across different classes of investors
  • Completed 100% capital and deployed more than $2.6B in investments
  • Calculation of waterfall/carried interest reallocations for distributions as well as drafting investor letters
  • Preparation of quarterly and annual financials of the main funds and its’ SPVs vehicles domiciled in foreign jurisdictions such as Singapore, Mauritius and Luxemburg
  • Review book to tax reconciliations and prepare tax allocations for K-1’s
  • Managed GP accounting and reporting for Management Company, and co-investor balances that invest side-by-side with the main funds
  • Assembled the performance reports of the deal team for management to use for annual compensation reviews
  • Prepared fund metrics and financials for registration as an investment adviser with the SEC
  • Prepared Form ADV and annual Form PF filings for the Management Company
  • Assisted on the mock exam process that led to a successful SEC audit and subsequent examinations
  • Work with legal and tax for sale of investments, making distributions and tax distributions, tax hold-backs and liquidating and dissolving entities and funds
  • Comply with foreign jurisdiction filing requirements with the Singapore government agencies (Dept of Statistics, and Monetary Authority Singapore) and Mauritius’s Revenue Authority
  • Review invoices, wire transfers for investments and invoices and allocation of legal fees by investments
  • Maintaining investor contacts, communication of quarterly letters, capital distribution/call letters as well as ad-hoc requests
  • Flat structured PE/Venture Capital fund with $13B AUM across 8 active funds

Audit Senior

Deloitte & Touche LLP
06.2007 - 10.2011
  • Acting Manager responsible for core valuation testing of portfolio which includes private equity (PE) investments, credit derivative products, bank debts and corporate bonds
  • Liaised with front-office and GSO’s valuation consultants to assess the reasonableness of the valuation methodology
  • Assessed business enterprise value (BEV) of GSO’s PE investments to ensure adequate debt/equity coverage in a liquidation scenario
  • Calculated the BEV for over 30 private placement companies that GSO invests with using both Income / Market Approach
  • Lead role in testing the valuation of investments and derivatives of 48+ hedge/private equity funds
  • Aggregate AUM for those 48 funds amounts to over $1 billion
  • Conducted in-depth industry, market, and competitor research using various sources including the Capital IQ database and Bloomberg
  • Review valuation analysis of portfolio; analyzed the DCF and market multiple model inputs; reviewed the third-party provided valuation model
  • Received applause awards during interim and yearend of the engagement for outstanding work performed

Software Systems Engineer II

Northrop Grumman Corporation
06.2003 - 05.2007
  • E-2C/E-2D Tactical Airborne Early Warning aircraft
  • U.S
  • Department of Defense issued Security Clearance - Top Secret
  • Mission Computer Display software development and integration efforts
  • Requirements development, maintenance and laboratory test
  • Flight test with U.S
  • Naval Commanding Officers at the Naval base in Patuxent River, MD
  • Tactical System Simulator training for the US Navy international programs which included Japan Air Self-Defense Force, Egypt Air Force and Taiwan Air Force
  • Java software developer for LCS Mine Warfare mission service module software package that allows all relevant sensor (Radar, IFF, Sonar) data reports to fuse into a Single Integrated Picture

Level-3 Server support specialist

New York Stock Exchange
04.2002 - 06.2003
  • Provided level-three Server support for 20% of total servers in production at the NYSE environment
  • Wrote program to log Incident Reporting using Perl to resolve inconsistent incident reporting among server administrators
  • Through web clients, they can save reports and automatically broadcast them via email notifying other administrators of changes in systems

System Administrator – Pro Bono

Asian American Federation of New York
02.2002 - 06.2003
  • Company Overview: A nonprofit umbrella organization that works to advance the civic voice and quality of life of Asian Americans
  • Gave back to the community by providing 1st, 2nd and 3rd level technical support to 120+ users including onsite and offsite member agencies
  • Roll out and deploy new servers, desktops, laptops and hardware for staff
  • Designed the network infrastructure and provided onsite/phone tech support to several AAFNY umbrella members
  • A nonprofit umbrella organization that works to advance the civic voice and quality of life of Asian Americans

Education

Master of Business Administration -

FRANK G. ZARB SCHOOL OF BUSINESS, HOFSTRA UNIVERSITY

Bachelor of Science - Computer Engineering

TANDON SCHOOL OF ENGINEERING, NEW YORK UNIVERSITY

Accomplishmentsandinterests

  • Powerlifting, cooking, reading, volleyball, and traveling.
  • Member, American Institute of CPAs, New York.
  • Earned Applause award from Deloitte for recognition of outstanding performance and dedication.
  • Ranked top 10% of all staff at Deloitte on annual performance review, resulted in preferential annual raise.
  • Awarded Northrop Grumman’s Timely Award Program (TAP) money for completing the FQT ahead of schedule.
  • Attained Department of Defense (DoD) security clearance classification level 'TOP SECRET'.
  • CompTIA’s A+ Computer Professional certified.

Timeline

Director, Head of Finance & Operations

Galaxy Digital
08.2021 - Current

CFO, CCO

GF Capital Management & Advisors LLC
05.2019 - 08.2021

Assistant Controller

Tiger Global Management LLC
10.2011 - 05.2019

Audit Senior

Deloitte & Touche LLP
06.2007 - 10.2011

Software Systems Engineer II

Northrop Grumman Corporation
06.2003 - 05.2007

Level-3 Server support specialist

New York Stock Exchange
04.2002 - 06.2003

System Administrator – Pro Bono

Asian American Federation of New York
02.2002 - 06.2003

Bachelor of Science - Computer Engineering

TANDON SCHOOL OF ENGINEERING, NEW YORK UNIVERSITY

Master of Business Administration -

FRANK G. ZARB SCHOOL OF BUSINESS, HOFSTRA UNIVERSITY

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