It appears there might be a new buyout shop in Philadelphia.
Skip Maner, one of four managing principals at Inverness Graham Investments, another buyout shop based outside of Philadelphia, is now at a firm called Parkes Run Capital, according to his LinkedIn account.
Parkes Run is “a private equity firm focused on lower middle market control buy-out transactions and recapitalizations” according to Maner’s LinkedIn account, which lists Inverness Graham as a prior employer and says he’s been at Parkes Run since January 2011.
Until a few days ago, Inverness Graham still listed Maner on its Web site. However, Buyouts checked again on Jan. 11—after numerous calls to the firm for comment—and Maner had been removed from the staff page. Courtney Comer, the firm’s director of investor relations, did not return several calls seeking comment. Maner did not return an e-mail to his Inverness Graham address.
If Maner did leave the firm, his departure comes months after it closed second investment fund. On Aug. 31, the firm announced it closed the fund at $151.1 million. The firm had been raising the fund for some time, having held a first close in December 2009, according to Buyouts archives.
Michael McCabe, an executive with StepStone Group, had previously started an entity called Parkes Run Capital LLC, though it is unrelated to Maner’s firm, according to a source (McCabe’s firm eventually merged into SilverBrook Private Equity).