Gamut closed debut fund on $1 bln Has flexible investment style Deployed 30 pct of fund so far in tough environment Ex-Apollo Global Management executive Stan Parker, co-founder of Gamut Capital Management, says the current environment is the worst he’s seen for buyers since he started in the business in 1998. People were complaining about […]
To join Leonard Green in 2019 Focus: auto/heavy-duty aftermarket, building products Prior to Oncap, worked at UBS Evan Hershberg, a managing director at Onex Corp’s middle-market platform, Oncap, will leave the team and join Leonard Green & Partners, sources told Buyouts. Hershberg is expected to join Leonard Green in early 2019. Whether he is still at […]
Larry Thuet co-founded Park Hill Group Previously worked at Atlantic-Pacific Capital Jonathan Costello tapped to lead secondary advisory at Park Hill Larry Thuet, vice chairman at Park Hill Group, who for a long time led the firm’s secondary advisory business, will retire, sources told Buyouts. Thuet co-founded Park Hill, prior to which he worked at […]
Chiu worked at Warburg for 10 years Focus on TMT Owl Ventures in market with third fund Ian Chiu, a longtime executive at Warburg Pincus, left the firm and joined Owl Ventures to focus on education-technology investments. Chiu joined Owl Ventures as a managing director this month, according to his LinkedIn profile. He did not […]
Bradley Bennett succeeds James Gereghty Bennett joined Siguler Guff in 2011 Gereghty joined in 2010 Bradley Bennett, head of distressed research at Siguler Guff, has taken over the distressed-investing group, the firm confirmed for Buyouts. Bennett takes over for James Gereghty, who had led the group since 2010. Gereghty left the company in June after […]
PRIVATE EQUITY FIRMS Abraaj Holdings: Chairman Sean Cleary resigned as the PE group is undergoing a court-supervised restructuring, Bloomberg reported. Altamont Capital Partners named Jennifer Mello general counsel and chief compliance officer. Mello previously was a managing director on TPG‘s legal team in San Francisco. Blackstone hired Erich Schram and Kevin Relihan for its new insurance solutions business. Schram will serve as senior managing director, head of credit origination […]
Blackstone CEO “shuttling” between U.S., Chinese leaders to ease tensions James didn’t back Trump but credits him with positive economic policies Early start, gradual execution keys to successful leadership transition Tony James, executive vice chairman of Blackstone Group, said Co-Founder and CEO Stephen Schwarzman is working to ease worsening tensions between the U.S. and Chinese […]
PRIVATE EQUITY FIRMS Actis named Ellen Li managing director and head of Asia of the investor development group. Li previously was director of institutional sales at Franklin Templeton Investment in Asia. Artemid: Cédric Lalain joined as a partner. Lalain was previously head of fixed income at Assurances Crédit Mutuel. Artremid is a subsidiary of Capzanine and Amiral Gestion. Atlas Holdings, the Greenwich, Connecticut, private investment firm, promoted nine staffers. Among […]
Wilbur Ross named U.S. commerce secretary in 2017 Habert joined Invesco in April 2017 Habert still listed on Invesco site as a senior director, client portfolio manager Harriet Habert, a senior investor relations director, has left WL Ross & Co after a little more than a year. A person answering phones at WL Ross […]
Drew Maloney comes to AIC from Treasury Congress weighs changes that could affect oversight of foreign, non-control investments Maloney also plans to boost AIC’s membership Incoming American Investment Council President and CEO Drew Maloney expects the early days of his tenure to be marked by proposed changes to the Committee on Foreign Investment in the U.S. and […]