Paladin Capital promotes four and launches new cyber fund

Paladin Capital Group has promoted Christopher Steed to managing director, Mourad Yesayan to principal, Gibb Witham to vice president and Tom Clute to associate.The private equity firm has also launched its new cyber fund platform that will continue the company’s strategy of making investments in the cyber security sector. No financial terms were disclosed.


Paladin Capital Group, a multi-stage private equity firm and a leading global cyber security investor, is pleased to announce that it continues to implement its focus on investments in cyber and digital security technologies through its new Paladin Cyber Fund platform. In addition, Paladin announces the promotions of Christopher Steed to Managing Director, Mourad Yesayan to Principal, Gibb Witham to Vice President, and Tom Clute to Associate.

“With $1 billion under management across multiple investment vehicles, including Paladin III and Paladin Cyber Fund and their related parallel vehicles, Paladin has invested and continues to invest knowledgeably in the cyber security sector”, said Michael Steed, Paladin’s Founder and Managing Partner. “Our established team, which has completed 38 investments in cyber and digital security technologies over the last 12 years, includes top people with specialized competence, national and global security expertise, and financial and technology experience.”

“We have an excellent team and are proud to announce these four promotions, reflecting their commitment to Paladin and our goals and responsibilities to our investors,” said Mr. Steed. “These individuals will continue to work closely with Lt. Gen. (Ret.) Kenneth A. Minihan, Mark Maloney, Paul Conley, Philip Eliot, Dan Mudd, and Alex O’Cinneide towards achieving excellent returns for our investors.”

Christopher Steed is a Managing Director at Paladin Capital Group. Mr. Steed joined Paladin in 2008, and he currently leads the development and implementation of the Firm’s multi-stage, national security-related investment strategy, particularly in Paladin’s global IT and Cyber Security portfolios. He is also responsible for deal sourcing, deal execution, and portfolio company management, and he has provided board-level oversight for numerous Paladin portfolio companies, including Bugcrowd, CertiVox, Courion, Endgame, Nexidia, and PhishMe (among others). Prior to joining Paladin, Mr. Steed worked in Merrill Lynch’s Private Banking and Investment Group, the Ultra High Net Worth division of its Private Client Group, and he is also a member of the Chartered Alternative Investment Analyst (CAIA) Association, holding the Association’s professional designation with a specific focus on asset allocation and risk management strategies in private equity and venture capital. He graduated from Duke University with a BA in Political Science with a focus in American Institutions and Public Policy.

Mourad Yesayan joined Paladin in 2009 after being a Vice President of Financial Planning & Analysis at Pacific Ethanol, Inc., a leading marketer and producer of renewable fuels. At Pacific Ethanol, Mr. Yesayan was part of the founding management team, leading the company’s financial planning and risk management functions while revenue grew from $80 to $700 million. He also played a key role in structuring over $500 million of equity and debt growth capital. Mr. Yesayan received his MBA and BS degrees from California State University, Fresno.

Gibb Witham joined Paladin in 2011. Prior to joining the Paladin team, he worked as an engagement manager in IBM’s strategy consulting practice where he advised technology, life sciences, and retail clients on growth strategies for emerging business units. Mr. Witham graduated cum laude from Columbia University with a BS in Chemical Engineering.

Tom Clute joined Paladin in 2010 and works with a number of Paladin’s cyber security companies. He joined Paladin after earning his Masters in Management from The Fuqua School of Business (Duke University) and his BA from Duke University.

Paladin is headquartered in Washington, D.C. with offices in Silicon Valley, New York, and London. To learn more about Paladin, visit