PE HUB Wire Highlights, 8.21.19


Private Equity Editor Chris Witkowsky reflects at home. Photo by Wendy Witkowsky

Blackstone hires ex-Navab exec to focus on healthcare growth investments, Kline Hill preps Fund III

Happy Wednesday!

How’s it going out there? It’s feeling fairly quiet.

However, big news on the people front:

Big moveBlackstone Group is hiring Ram Jagannath, an ex-Carlyle executive who had been set to join Navab Capital Partners, healthcare reporter/guru Sarah Pringle is reporting. Jagannath will lead healthcare efforts at Blackstone’s recently formed growth strategy led by Jon KorngoldCheck out Sarah’s story here.

Jagannath was one of several high-profile executives who were set to join Navab Capital, launched by ex-KKRsenior executive Alex Navab. The fledgling firm, which was expected to target at least $3 billion for its debut fund, decided to wind down after Navab’s unexpected death in July.

Other executives included Annette Rodriguez, who previously worked with Warburg Pincus focused on consumer, retail, healthcare, industrials and business services; Robert Berlin, formerly of The Baupost Group focused on consumer, value-add industrials, technology services and financials; and Michael Gaviser, formerly of Kohlberg Kravis Roberts.

Blackstone’s growth team, meanwhile, is expected to raise a dedicated fund. The firm hired Korngold earlier this year from GA, where he worked as that firm’s head of financial services.

Also: Carlyle Group announced today it hired Bruce Larson as head of human capital, leading a global team and based out of Washington, D.C. Larson formerly worked as Goldman Sachs as a partner and head of human capital in Asia Pacific and India.

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