- Hycroft continues to operate: firm insider
- Recently hired a senior managing director
- Working on several fundraising mandates
Private equity advisor Hycroft is not shutting down, contrary to what several sources told Buyouts, according to a person at the firm who requested anonymity.
Formed by Scott Myers in 2013, Hycroft has experienced a significant number of staff departures since last year. However, it continues to operate, working on several fundraising mandates and looking for deals around GP-liquidity processes, the person said. The person would not specify which funds Hycroft is helping to raise. He declined to provide specifics about the business.
It’s not clear who is left at the firm besides Myers. The person at Hycroft said the firm recently hired a president and senior managing director, but the person would not reveal the name of the new hire.