Ex-executive of Trivest files to raise $150M debut fund

Mario R. Masrieh, a former managing director at lower-middle-market buyout firm Trivest Partners, plans to raise a debut fund of $150 million.

Masrieh submitted a regulatory filing this month for the Virmos Catalyst Partners I LP fund. On the filing he is listed as an executive officer of Coral Gables, Florida-based Virmos Capital.

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Money managers Adams Street Partners, Fort Washington are hiring

Funds-of-funds managers Adams Street Partners and Fort Washington Investment Advisors are filling their ranks with new vice presidents and associates, Private Equity Career News has learned.

The hirings come as both firms launch successor funds of funds—a venture innovation-focused fund in the case of Chicago-based Adams Street Partners, a small-market PE fund in the case of Cincinnati-based Fort Washington Investment Advisors.

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Healthcare rainmaker hires Rede Partners to raise debut

Neil Vangala, who recently has been working as a managing director for health tech investment shop Eir Partners, has hired placement agent Rede Partners to raise money for a debut fund.

Vangala filed the compliance submission in late May for Agora Partners Capital Fund I LP. No target amount was listed. But the hiring of Rede Partners, whose more than 150 professionals operate from six offices around the world, suggests a significant fundraising goal.

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Big Moves: Illinois State Treasurer’s, Hidden Harbor, CalPERS

The following Big Move! items appeared in the June 12 edition of Private Equity Career News

Big Move! Joe Aguilar steps down as CIO in the Illinois State Treasurer’s Office to become senior vice president and chief investment officer at Portsmouth, New Hampshire-based money manager Market Street Trust Company. That’s according to his Linkedin profile.

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Astō Consumer joins others hiring IR execs; stage set for Fund II

A number of PE shops have recently brought aboard IR executives, setting the stage for fundraising and perhaps more hiring down the road.

Austin, Texas-based Astō Consumer Partners, whose founders have had a hand in building such brands as Sweet Leaf Tea, this spring brought aboard its first principal to lead fundraising and investor relations. Founded in 2024, the firm raised a debut fund with a recent gross asset value of $356 million, according to a Form ADV; it is expected to launch a second fund as early as next year.

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Big Moves: Incline Equity, Neos Partners, SteelBow Partners

The following Big Move! items appeared in the June 5 edition of Private Equity Career News

Big Move! Shireen Abedin joins Pittsburgh, Pennsylvania-based buyout firm Incline Equity Parstners as head of data and analytics. According to her Linkedin profile, Abedin most recently served as founder and lead data scientist at Abedin Anaytics.

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Big Moves: Bain Capital, TSG Consumer, Greenfield

The following Big Move! items appeared in the May 22 free edition of Private Equity Career News

Big Move! Chris An joins the Seoul, South Korea office of Boston buyout firm Bain Capital as managing director, according to his Linkedin profile. An most recently served as a managing director at London buyout firm CVC Capital Partners.

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Ex-New Mountain executive hires William Blair to raise debut fund

Kyle Peterson, a former managing director at private equity and private credit firm New Mountain Capital, has hired placement agent William Blair to help raise a debut fund, recent regulatory filings show.

Along with Managing Partner Peterson, the team at New York City-based Park Road Partners, established last year, includes Partner Matthew Joseph Dubbioso and Partner, CFO and CCO Dino Verardo, according to the firm’s Form ADV and companion brochure.

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Former execs of TCV, H.I.G. Capital, ICV Partners launch firms

Technology investors and TCV alums Matt Robinson and Gopi Vaddi have launched a new private equity firm to back software companies.

General Partners Robinson, based in New York City, and Vaddi, based in Boston, founded Cover Drive within the last year. Their aim: making equity investments of $30 million to $100 million in software companies generating at least $5 million to $50 million in annual recurring revenue.

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Two Miami money managers seek private market analysts

Two Miami money managers are recruiting private market analysts as South Florida continues to grow as a hub for family offices with an appetite for alternative investments.

Ligo Partners, the single family office of technology entrepreneur Alec Andronikov, is seeking a venture capital analyst, according to a job listing. Meantime, the investment arm of JM Family Enterprises, the automotive and financial services conglomerate founded by Jim Moran, is also recruiting a private markets investment analyst, per a listing.

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