RCP Advisors seeks portfolio manager for first DEI fund

Chicago funds-of-funds manager RCP Advisors has launched a search for a portfolio manager to take the reins of a debut pool earmarked for “diverse” private equity and growth equity funds, which typically includes ones raised by women, minorities or veterans.

The portfolio manager will have a variety of responsibilities, including pitching in on fundraising, according to the recruitment ad. Additional duties include sourcing fund managers, developing relationships with them, conducting due diligence, and training and mentoring junior professionals.

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Ex-Advent, Centerbridge, KKR execs build new firm

The outlook for start-up private equity shops remains bright, and Cross Rapids Capital LP is attempting to make its mark in middle-market private equity and special situations deals.

The New York City-based firm, with an appetite for industrial and services companies, has brought aboard Benjamin Gaw Jr as partner and head of portfolio operations. Gaw most recently served as senior director of portfolio operations at Boston-based buyout giant Advent International, according to his Linkedin profile; before that he served as senior vice president and head of Asia portfolio operations at Los Angeles-based Platinum Equity.

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