Doug Dossey has joined Blum Capital Partners, a San Francisco-based buyout firm, peHUB has learned. Dossey was previously a managing director at FdG Associates for 11 years. (Update: I spoke with Dossey and posted more info here.)
Size-wise, the move is a step up-market for Dossey. Blum Capital’s most recent fund is a $3 billion pool. Compare that with FdG Associates’ latest fund, a 2005 vintage with $310 million in commitments. Likewise, Blum Capital, based in San Francisco, has invested in some high profile situations like Al Gore’s Current Media and TPG’s deal for Australian retailer Myer. (The former has seen a successful exit via IPO; the latter has not.)
That’s a different world than that of FdG, which buys lower mid-market family-owned businesses. In February, Dossey lead the firm’s buyout of infrastructure company Joseph B. Fay & Co. The deal was valued at around $100 million.