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Arsenal recruits Grad as a senior MD and investor relations head

Arsenal Capital Partners has named Patricia Grad as a senior managing director and head of investor relations. Previously, she worked at Actis where she was the director in the investor development group.


NEW YORK, September 25, 2017 – Arsenal Capital Partners (Arsenal), a leading private equity firm that invests in middle-market specialty industrial and healthcare companies, today announced the appointment of Patricia Grad as a Senior Managing Director and Head of Investor Relations. Ms. Grad has over 15 years’ experience in developing, launching, and executing strategic fundraising and investor relations programs for private equity firms.

Bill Farrell, Arsenal’s Head of Investor Relations since 2011, has chosen to retire after a lengthy career. He will be with the firm through the end of the year to assist during the transition and will remain a senior advisor to the firm.

Terry Mullen, Arsenal’s Co-Founder and Partner commented, “Patricia joins Arsenal at an exciting time for the firm, as we continue our growth and evolution following the closing of our $1.3 billion Arsenal Fund IV, the largest fund in our history. Patricia’s extensive experience will further enhance our fundraising initiatives and cultivate relationships with our investors. Bill Farrell has been an exceptional partner and invaluable team member in helping build and shape our firm since inception in 2000. Bill was instrumental in helping us position and market our first two funds and then came in-house in 2011 and helped us institutionalize our investor relations program and expand our network of limited partners. We thank him for terrific contributions to the firm, and we wish him well in retirement.”

Jeff Kovach, a Co-Founder and Partner at Arsenal, said, “Patricia has spent the majority of her career in private equity investor relations and fundraising, and brings tremendous experience to Arsenal after serving with a number of leading firms with global operations. Creating strong partnerships and transparent communications with investors is an important function, and we believe Patricia has the talent and background to help further best practices in investor relations at Arsenal.”

Prior to joining Arsenal, Ms. Grad served as a Director in the Investor Development Group at Actis, where she focused on fundraising and investor relations activities for investors in the Americas and managed the firm’s relationships with consultants globally. Prior to joining Actis, she was the Head of Investor Relations at Irving Place Capital and before that, a Vice President of Investor Relations at Oak Hill Capital. She started her career in the alternative assets research group at Cambridge Associates. Ms. Grad holds a bachelor’s degree with honors from Wesleyan University and a MBA from Columbia Business School.

About Arsenal Capital Partners
Established in 2000, Arsenal Capital Partners is a leading private equity firm that specializes in investments in middle-market specialty industrials and healthcare companies. Since inception, Arsenal has raised institutional equity investment funds of approximately $3 billion. Arsenal invests in industry sectors in which the firm has significant prior knowledge and experience and seeks companies typically in the range of $100 – $500 million of initial enterprise value. The firm works with management teams to build strategically important companies with leading market positions, high growth, and high value-add. For additional information on Arsenal Capital Partners, please visit