Benjamin D. Summers
Managing Director & Founder
Ben founded Adagio in 2005 with an initial focus on constructing leveraged arbitrage trades between comparable sales and income-based valuations in the residential income market while consulting to other financial firms regarding real estate and energy matters. These efforts lead Ben to develop Adagio's innovative Asset-Based Lending (ABL) fund and boutique investment banking services specializing in the application of risk engineering to the real estate investor and energy markets as a means to better serve the private capital markets. In 2010, Ben founded Adagio's philanthropic arm, Adagio Institute, Inc.
Ben also has significant senior management experience within the energy services sector managing large-scale infrastructure development projects in West Africa with Willbros International, developing global markets for innovative drilling technologies with National Oilwell Varco, and administering domestic business development and project management of industrial construction projects with Turner Industries. Throughout his tenure in the energy services sector, Ben achieved high profit margins while managing a combined expatriate and national workforce of over 210 employees in West Africa and Northern Europe. Ben's move into the energy services arena was preceded by a professional baseball career begun via the San Diego Padres organization.
Ben graduated from Louisiana State University with a Bachelor of Science degree in physics having studied music (theory & composition/piano performance) as a second discipline. He is currently a Series 65 (Uniform Investment Adviser Law) licensee and Realtor having developed the Accredited Investment Professional ("AIP") designation & curriculum.
Joseph A. Maiullo IV
As an Executive Director, Joe manages Adagio's portfolio of liquid assets and acts as liason to Morgan Stanley, Adagio's prime broker. Joe has over nine years of Wall Street experience at firms including Morgan Stanley and UBS. In addition to his role at Adagio, Joe maintains his position at Morgan Stanley working closely with institutional clients and ultra high net worth families in coordinating investments across all asset classes, including alternative investments; additionally, Joe advises middle market institutional clients providing equity sales coverage. Prior to Morgan Stanley, Joe worked in middle markets at UBS advising both institutions and ultra high net worth families.
Joe graduated from Michigan State University with a Bachelor of Arts degree in interdisciplinary studies in economics. Joe currently serves as Vice President of Finance for the Michigan Epsilon Alumni Volunteer Corporation, a civic board promoting alumni volunteer efforts of Sigma Phi Epsilon.
Ilir "Lidi" M. Hajdari
As a Director, Lidi manages the development and expansion of Adagio's physical crude oil and refined products business. He is responsible for deal origination, commercial operations and overall commodities trade strategies. With over seven years of financial services and commodities business experience, Lidi has a breadth of expertise leading complex initiatives involving risk management, contract negotiation and structured transactions.
Lidi is also a co-founder and current managing partner of Merchant Power Partners, LLC ("MPP"), an energy advisory firm that specializes in restructurings and asset optimization in the power generation sector. Prior to MPP, Lidi began his career with Newbridge International, Inc., a commodities trading firm/broker-dealer, leading the firm's transition from its traditional lines of business into energy advisory. In this role, he helped develop the company's expertise and strategy positioning it to participate in the entire life-cycle of Natural Gas Combined Cycle ("NGCC") power plant projects, from capital formation and financial structuring through execution.
Lidi graduated from the University of Colorado at Boulder with a Bachelor of Science degree in economics and a minor in business.