Strattam Capital hires GTCR’s Neil Willis as principal

  • Willis joined firm in early March
  • Firm looks for an associate with good PE training
  • Expands the team post Fund-II closure

Strattam Capital, the Austin private equity firm focused on business-IT services, in early March hired Neil Willis as the firm continues to expand post-Fund II closure.

Strattam is also looking for an associate to join the 12-member investment team, Co-Founder Bob Morse told Buyouts.

“It’s really the growth of the firm around the raising of the new fund,” Morse said. “Three recent hires and one more to come — for a small firm like ours, [it] is a big deal.”

This fall, Strattam hired Kimberley Kasper as chief marketing officer and Sean Williams as controller.

Willis, who for more than four years was an associate on GTCR’s TMT team in Chicago, joined Strattam in early March.

He is involved in all parts of the investment process, including thesis development, structuring and execution, and portfolio-company engagement.

The firm conducted a nationwide search through a formal process, starting in summer 2018, and interviewed a large number of candidates before selecting Willis, Morse said.

For the associate role, Strattam is looking for candidates with “good training in private equity,” he added.

On Feb. 26, Strattam closed Fund II on $230 million, with a quarter of it deployed.

From the pool, Strattam plans to make three more platform deals, plus three to five add-ons, all across the business-to-business IT space, Morse told Buyouts in February.

The firm’s three key investment verticals are enterprise software, digital infrastructure and technology-enabled services.

Action Item: Contact Strattam in Austin: info@strattam.com.