Bain Capital partner departs as second tech opportunities fund passes $2B

Hans Sherman has stepped down as a partner at Bain Capital Tech Opportunities to become a managing director in the Boston office of H.I.G. Growth Partners, Private Equity Career News has learned.

Sherman (pictured) joined in 2019 to help launch Bain Capital Tech Opportunities, which has more than $2 billion spoken for on a successor to a $1.25 billion debut pool closed in 2020. The target is $1.5 billion. Bain Capital declined to comment on the future of the fundraise.

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NJ opens search for heads of private equity, private credit

The New Jersey Department of Treasury’s investment division is looking to hire professionals to take the reins of its multi-billion-dollar private equity and private credit portfolios.

The positions opened up after Jared Speicher, head of both private equity and private credit portfolios, stepped down earlier this year to become director of private equity at MetLife Investment Management, according to a report by Markets Group.

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A Message from BluWave: Here’s how leading private equity firms spent their time in Q2

BluWave is trusted by more than 500 leading PE firms on thousands of critical projects, giving us a unique perspective into key trends in private equity. In Q2, we supported leading PE firms as they began mobilizing for a likely recession, embracing risk as opportunity. Top trends from Q2 include:

  • 68 percent of PE activity was value creation
  • Human capital remains a primary PE focus area
  • Sales & marketing initiatives were up 25 percent year over year in response to inflationary pressures
  • Commercial due diligence usage continues to grow as markets become more fluid

Gain deeper insights into Q2 private equity activity by getting your copy of the Q2 Insights Report today.

P4G Capital to expand deal, portfolio resource teams to help deploy fund

San Francisco-based lower-middle-market firm P4G Capital would like to bring aboard at least two associates or senior associates by year-end to help deploy a debut fund closed early last year, Private Equity Career News has learned. The roughly 16-person firm also has an eye on expanding its portfolio resources group.

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Daraja Capital, raising debut fund, seeks analyst: Sponsored

Daraja Capital—a platform for seeding minority-owned alternatives fund managers—seeks an analyst to join the team at a pivotal stage in the firm’s evolution.

More about the opportunity:

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