Former New Mountain, Vestar Execs Launch Bridge Growth Partners

Today, we have word on Alok Singh’s new firm.

The former New Mountain Capital MD has co-founded Bridge Growth Partners along with Sander Levy, an ex-Vestar Capital MD and a former founding partner. They are joined by Kevin Parker, Deltek’s former CEO. The three executives are listed as Bridge Growth co-founders and managing principals. Tom Manley, the former CFO of Avaya, has also joined Bridge as a senior MD and chief administrative officer, the firm’s web site says.

New York-based Bridge Growth will focus on investments in technology and financial services as well as technology-enabled opportunities in other sectors. It’s unclear whether Bridge Growth will be out marketing for a pool. A spokesman declined to comment on the firm’s fundraising plans.

In May, peHUB reported that Singh had left New Mountain, which is currently out fundraising. Singh, a long time New Mountain executive, joined the New York PE firm in 2002 and was a managing director. He led New Mountain’s buy of AmWins Group, a wholesale broker, for $1.3 billion in 2012.

Singh, in a statement, says Bridge Growth plans to “leverage our extensive global network of relationships cultivated over many years” to find investment opportunities. Bridge Growth appears to be harvesting relationships formed from New Mountain’s seven year ownership of Deltek.

Parker, who is now part of Bridge Growth, was Deltek’s CEO when the company was sold to Thoma Bravo last year. Singh was a Deltek lead director, while Manley was on the company’s board. Nanci Caldwell, who is on Bridge Growth’s advisory board, was also on Deltek’s board. 

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