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PE HUB First Read

First Read starts off the week with news that escaped New York convict David Sweat was shot and captured, Element Financial Corp. agrees to buy the bulk of GE Capital’s fleet unit for $6.9 billion and Greece further spirals into turmoil as the country shuts down banks for six days.

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PE-backed EPIC adds to team with new hire

Edgewood Partners Insurance Center, which is backed by The Carlyle Group and Stone Point Capital, has hired Myesha Lamison as director of benefits technology. Previously, Lamison worked at Zenefits where she served as a benefits program manager. Based in San Francisco, Edgewood Partners Insurance Center is a provider of retail property, casualty and employee benefits insurance.

GES taps Carlyle co-founder Norris for advisory board

Dubai-based NEAH GES, which provides logistics, power generation and security management for energy and critical infrastructure assets, has appointed Stephen L. Norris to its advisory board. Currently, Norris is chairman of Stephen Norris Capital Partners. Also, he is a co-founder of the Carlyle Group.

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PE-backed EPIC buys Sorci

EPIC Insurance Brokers and Consultants, which is backed by The Carlyle Group and Stone Point Capital, has acquired Sorci Insurance Brokerage. No financial terms were disclosed. Based in Los Gatos, California, Sorci is a provider of workers’ compensation insurance services.

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Carlyle closes CLO fund at about $610 million

The Carlyle Group has closed its second U.S. 2015 collateralized loan obligation fund at about $610 million. The CLO, which was arranged by Citigroup, will focus mostly on senior secured bank loans.

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Fifth Street taps Heilbrunn from Carlyle as MD

Fifth Street Asset Management Inc has named David A. Heilbrunn as a managing director and member of the firm’s management committee. The appointment becomes effective May 11. Previously, Heilbrunn worked at The Carlyle Group where he served as a managing director.

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Noah Keys joins AlpInvest as a principal

AlpInvest Partners, The Carlyle Group‘s private equity fund of funds, recently named Noah Keys as a principal, according to a spokesperson at Carlyle. In his new position, Keys will be responsible for secondaries and co-investments in the energy, infrastructure and natural resources industries.
Previously, Keys served as an executive director in UBS Investment Bank’s global energy group.

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