Carlyle retains Fradin as operating executive consultant

By Luisa Beltran — 3 hours ago

Carlyle Group said Feb. 22 that it retained Roger Fradin as an operating executive consultant for its industrial & transportation team. Fradin is the former vice chairman of Honeywell International. Fradin will also continue to devote time to various roles outside of the firm, Carlyle said.

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PE-backed SunSource ups Sacher to CEO

By Iris Dorbian — 19 hours ago

SunSource, which is backed by Littlejohn & Co, has promoted David Sacher, the company’s president and chief operating officer, to CEO. In addition to this appointment, Justin Jacobi, will “transition” from his position as CEO to become executive chairman. Based in Addison, Illinois, SunSource is a provider of fluid power and motion control technologies.

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VC-backed Utilidata recruits Hammersla as CEO

By Iris Dorbian — 20 hours ago

Providence, Rhode Island-based Utilidata, a software company focused on energy efficiency and grid security, has appointed Ed Hammersla as CEO. Previously, Hammersla was the president of Forcepoint Federal LLC and chief strategy officer of Forcepoint. Utilidata’s backers include Formation 8 Partners, Saudi Aramco Energy Ventures, Braemar Energy Ventures and American Electric Power.

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Weil, Gotshal & Manges expands PE practice with new hire

By Iris Dorbian — 23 hours ago

Weil, Gotshal & Manges LLP has hired Brian Gingold as a partner in the law firm’s global private equity practice. Gingold, who is based in the firm’s New York office, is joining Weil from Gibson Dunn & Crutcher LLP, where he was a partner in its corporate department focusing on the private equity practice.

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Corsair promotes Kirk to MD

By Iris Dorbian — 1 day ago

Corsair Capital has named James E. Kirk as a managing director. The appointment is effective immediately. Kirk joined Corsair as a principal in 2004 and prior to that, was an investment banker at JP Morgan, advising on M&A and fundraising.

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Roosevelt joins Industry Ventures

By Luisa Beltran — 1 day ago

Industry Ventures LLC said Feb. 21 that Jonathan Roosevelt was named a venture partner while Kemper Ahl tapped to be business development associate. Industry Ventures also announced the following promotions: Robert May to managing director, chief operating/compliance officer; Aaron Hinz to VP of finance; Lena McNulty to manager of investor relations; and Brian Langner to senior associate.

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Carlyle founders took home $212 mln in 2016: report

By Luisa Beltran — 2 days ago

Carlyle Group’s founders collected nearly $212 million in dividends and other compensation in 2016, Financial News reported. David Rubenstein collected $73.1 million, while his co-founders, William Conway and Daniel D’Aniello, each earned $69.3 million in 2016, according to a regulatory filing. The $212 million is a 28 percent decline from 2015, the story said.

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Longitude Capital promotes Richardson to MD

By Iris Dorbian — 6 days ago

Longitude Capital has promoted Dr. Josh Richardson to managing director. Richardson originally was hired by the company in 2011. Then from 2014 to early 2016, Richardson worked at HealthCor Management where he served as a public equities analyst. In 2016, Richardson rejoined Longitude Capital.

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