JLL closed its seventh fund at $1 bln in April 2016 New York sponsor looks to invest early in underlooked themes Recent exits in pharma services: Patheon, BioClinica Daniel Agroskin is a managing director at JLL Partners, where he leads the New York private equity firm’s healthcare efforts and is a member of the management committee. […]
Many buyouts and growth equity firms added staff this year, taking advantage of a buoyant fundraising market to bulk up their operations, fundraising and credit teams. The overall pace of industry hiring seems “modestly robust,” said Heather Hammond, managing director-financial services at executive recruiter Russell Reynolds Associates, as firms add mainly to their junior ranks. According to […]
Burgett joined Wind Point in September 2003: LinkedIn Wind Point Partners VIII raised $985 mln in July Wind Point sold Evans Food to Gaytan Mark Burgett, a longtime Wind Point Partners managing director, has left the private equity firm after more than 14 years. Burgett quietly exited Wind Point a couple of months ago, two sources said. Ron Liberman, a Wind Point […]
PRIVATE EQUITY FIRMS Adams Street Partners appointed Alex Kessel a principal on the co-investments team. Kessel is a former principal at Baird Capital. Breakwater Management, a Los Angeles private investment firm focused on the lower-middle market, named Darrick Geant managing director and Joe Kaczorowski managing director and chief financial officer. Prior to joining Breakwater, Geant was a managing director at Goldman Sachs while Kaczorowski is former […]
Co-leader of corporate and leveraged finance group Regions bought BlackArch in 2015, expanding M&A business Bank now offering buy-side and sell-side advisory Rit Amin says he “started on an engineering path,” coming from a “technically inclined” family, but he soon realized that business and finance were his true interests. Specifically, he wanted to be an investment […]
Allegedly charged funds $1,100 for trips to hair salon $3,500 for a suit for his father Rashid paid back $290,000 The SEC officially charged Mohammed Ali Rashid, a former senior partner at Apollo Global Management, with defrauding his fund clients by secretly billing them for about $290,000 in personal expenditures from 2010 to 2013. The regulator […]
Schuppan exited Cressey in September 2016 Vistria Fund II is seeking $600 mln: Preqin Vistria invests in education, healthcare and financial services David Schuppan, who left Cressey & Co after nearly 18 years, has landed at Vistria Group. Schuppan in September joined Vistria, where he is a partner, his LinkedIn profile said. Vistria is a Chicago […]
Intense focus on cybersecurity Firm concerned about potential elimination of interest expense deduction Expects PE regulatory load to ease 1: How concerned are you about a potential elimination or reduction of the interest expense deduction? We first raised this as part of the [GOP tax blueprint (published in mid-2016)]. We made the point that with the […]
PRIVATE EQUITY FIRMS Apposite Capital said Oct. 9 that Rory Pope was named a partner and member of the management board. Pope has been working with Apposite as a full-time consultant since March. Apposite also appointed Alexander Cunynghame as an investment executive. Arsenal Capital Partners named Patricia Grad a senior managing director and head of investor relations. Previously, she worked at Actis where she was […]
Co-head of firm’s investment banking restructuring vertical More than eight years of experience in restructuring Specializes in advising companies and creditor groups in special situations In August, Carl Marks Advisors reached a close on a deal for a power plant just south of the Mexican border, near Ciudad Juarez. The government-owned utility had awarded the project to a Mexican subsidiary […]