Exclusive: Jesse Rogers Leaving Golden Gate Capital

Jesse Rogers is leaving Golden Gate Capital, the San Francisco-based private equity firm he co-founded in 2000. The entire firm was notified earlier this week, with word then sent out to limited partners.

No official comment yet from Golden Gate, but I hear that Rogers is “retiring” rather than leaving to invest elsewhere. His departure does not create any keyman troubles for Golden Gate, which raised $5.5 billion for its third fund in 2008, so long as another senior managing director doesn’t also depart.

Rogers was a keynote speaker at the Buyouts West event a few weeks back, but didn’t give any indication that he was planning to leave either Golden Gate or the industry. Instead, he lauded his firm’s decision to embrace an “evergreen” fund structure, and remarked that improving credit markets were creating lots of strong opportunities for mid-market investors.

Prior to co-founding Golden Gate, Rogers had been founder and worldwide head of Bain & Company’s private equity group. More info to follow, as it comes in…