Periscope Equity promoted Alex Friedman to principal. Friedman has led the firm’s business development activities since joining in early 2018.
Periscope Equity, a Chicago-based private equity firm that invests in lower-middle market technology-enabled business services companies, announced today that Alex Friedman has been promoted to Principal.
Since joining the firm in early 2018, Mr. Friedman has led the firm’s business development efforts. He will continue to be responsible for managing deal origination activities and relationships with business owners, executives and intermediaries, as well as participating in thesis development and analysis of potential platforms.
“Alex’s ability to source investments with significant growth potential has been instrumental in supporting the firm’s success,” said Steve Jarmel, Partner at Periscope Equity. “His contributions also go well beyond business development, as Alex is integrally involved in evaluating investment theses and recruiting operating partners. His promotion is well deserved and reflective of Alex’s commitment to our firm and our investors.”