Ex-GE executives launch PE firm; join string of start-ups

With a focus on acquiring family and founder-owned businesses, three finance executives, including two who worked at General Electric, have announced the launch of their new PE firm Initium Management.

They also unveiled their investment in the carve-out of wireless connectivity provider Wifinium fromBusiness Information Group. The size of the transaction was not immediately clear.

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Former Corinthian Capital exec launches PE shop Agonic Partners

Michael Haanpaa, a former principal at Corinthian Capital Group, has launched Agonic Partners to invest in underperforming businesses operating in fragmented industries.

Founder and Partner Haanpaa unveiled his New York City-based firm earlier this month on LinkedIn, saying he planned to invest in industrial, manufacturing and consumer industries.

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Big Moves: CalSTRS, Carlyle Group, Mainsail Partners

The following Big Move! items appeared in the May 17 free edition of Private Equity Career News.

Scott Chan has been tapped to serve as chief investment officer of the country’s second largest pension fund, the California State Teachers’ Retirement System. Since 2018 Chan has served as deputy chief investment officer under Christopher Ailman, who is retiring as CIO.

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Berkshire, Arsenal Capital hire AI execs; arms race is on!

Buyout firms are adding more data analysts to their payrolls, particularly experts in artificial intelligence and machine learning, as a way of staying ahead of the competition for deals and, ultimately, investor dollars.

Among the latest moves, Boston-based technology investor Berkshire Partners this spring hired data scientist Limor Gulchin as a vice president of artificial intelligence and machine learning to work with portfolio companies.

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Big Moves: Golub Capital, CD&R, Corinthian Capital

The following Big Move! items appeared in the May 10 free edition of Private Equity Career News.

John Dunnigan joins New York City-based mid-market lender Golub Capital as managing director and co-head of national accounts, according to his Linkedin profile. Dunnigan previously served as director-senior national account manager at Lazard.

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JMI Equity partner, software expert steps down after 14 years

Sureel Sheth, a general partner at software investor JMI Equity and an expert in digital health, life sciences, legal and human capital management technologies, left the firm last week.

The departure comes just over a year after the firm announced the closing of its eleventh flagship fund at $2.4 billion.

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Big Moves: Gold Leaf Farming, Patria Investments, The Riverside Company

The following Big Move! items appeared in the May 3 free edition of Private Equity Career News.

Alice Catalano (pictured) joins Modesto, California-based farmland investment company Gold Leaf Farming as head of investor relations and capital formation, according to her Linkedin profile. Catalano most recently served as managing director of investor relations at AmCap Incorporated.

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