GoldPoint Partners, a private equity affiliate of New York Life Investments, said Tuesday that it has promoted Vijay Palkar to managing principal. Palkar first joined the firm in 2002 as an associate.
New York, July 1, 2014 – GoldPoint Partners, a leading private equity manager based in New York and a private equity affiliate of New York Life Investments, announced today that Vijay Palkar has been promoted to managing principal at the firm.
Mr. Palkar joined GoldPoint Partners in 2002 as an associate taking on increasing responsibility and helping the firm enhance its position in Fund Investing, Mezzanine and Co-investments.
“It is part of our long term strategy and the legacy of the Co-Founders to nurture our future leadership team,” said John Schumacher, chairman of GoldPoint Partners. “Vijay is one of an elite group that have been major contributors to the firm’s performance, have successively been promoted in the organization and have become managing principals.”
“I am honored that my colleagues have chosen to recognize my contributions through this promotion. It has been very exciting to be part of a team that has successfully grown assets under management nearly four-fold since I have been here, all while maintaining a focus on delivering top returns and superior customer service to our investors. I look forward to helping the GoldPoint team achieve similar success in the future,” said Vijay Palkar, managing principal at GoldPoint Partners.
In his new position, Mr. Palkar takes a leadership role on transaction teams and will serve on the firm’s Investment Committee.
Prior to joining the firm, Mr. Palkar worked as a financial analyst in the Investment Banking division of Bear, Stearns & Co., Inc. Mr. Palkar earned a Bachelor of Science, Economics, with a concentration in Finance from The Wharton School of the University of Pennsylvania.
About GoldPoint Partners
GoldPoint Partners manages approximately $9.8 billion of private equity assets, including co-investment, mezzanine, and fund advisory programs. As an affiliate of New York Life Investments*, GoldPoint Partners manages alternative assets for New York Life Insurance Company, its affiliates and other institutional investors.
*New York Life Investments is a service mark used by New York Life Investment Management Holdings LLC and its subsidiary New York Life Investment Management LLC. New York Life Investment Management LLC is a wholly-owned indirect subsidiary of New York Life Insurance Company.