Private Equity Career

Geoffrey Baldwin, a former chairman at investment bank Houlihan Lokey’s global technology group, has raised at least $1.9 billion for his first two funds at Vector Line Capital, according to regulatory filings. Both funds have a single backer.

The two funds are earmarked to make minority or majority investments in semiconductor and semiconductor supply-chain companies. Launched earlier this year, Vector Line Capital backs companies at every stage, providing venture capital, growth equity, and capital for change-of-control transactions. It also takes stakes in public companies.

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The following Big Move! items ran in the October 2 free edition of Private Equity Career News:

Victoria Acuff joins New York City-based private credit, real assets and GP stakes investment firm Blue Owl Capital as a principal on the real assets legal team. Acuff recently served as a partner in the Dallas office of Kirkland & Ellis.

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Private equity’s march toward specialization is showing up in a new crop of firms targeting everything from animal health and agriculture to national security and healthcare technology—a far cry from the generalist investment mandates that characterized the industry in its early days.

Among specialists raising debut funds are Austin, Texas-based Osiris Growth Capital, which focuses on animal, crop and nutritional sciences; Voltage Ventures, based in Portland, Maine, and San Francisco and a specialist in animal healthcare; and Chicago-based Valhalla Group, which targets U.S. economic and national security-related businesses including AI, aerospace, cybersecurity, defense and manufacturing.

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