Avy Stein, Eric Becker’s Cresset Partners makes big PE push

Cresset Partners, the multi-family-office affiliate co-founded by Chicago PE pioneers Avy Stein and Eric Becker, is building up its PE and private credit programs through recent hires and recruitment efforts centered on a private funds group.

The firm is the private capital and real estate-focused subsidiary of multi-family office Cresset Capital Management, which co-chairmen Stein and Becker launched in 2017. Cresset Capital Management manages about $27 billion in assets and provides family office services through Cresset Asset Management.

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Executive recruiters enjoy banner 2022

Demand for private equity professionals remains strong judging from a recent survey of executive recruiters.

Of 42 executive recruitment firms that responded to a survey for our third-edition Guide to Private Equity Executive Recruiters and Talent Executives during the summer and fall, nearly all expected to handle more private equity-related assignments this year compared with 2021.

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Minnesota single family office seeks investment associate

Single family office Carlson Private Capital Partners is searching for a pre-MBA associate to join its team and work on all private equity investing stages.

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Hamilton Lane expanding team to raise inaugural diverse-led fund

Hamilton Lane has posted a job ad for an investor relations associate to help raise its first diverse-led investments fund, Private Equity Career News has learned.

Along with fundraising, the associate’s role at the Conshohocken, Pennsylvania-based money manager will include work on market analysis, marketing strategy and client communications, according to the recruitment ad.

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Industry struggles to achieve diversity as year winds down

It hasn’t been a banner year for diversity, as the industry struggled to add more women and minorities to its ranks according to our annual PE Diversitometer benchmark.

So far this year, the industry has been hiring just about one woman for every two men–consistent with what we found in 2021. That’s according to a sample set of 825 hires in the United States, Canada and the United Kingdom tracked by Private Equity Career News.

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GI Partners makes key hires in European data infrastructure, portfolio support

San Francisco-based GI Partners, which announced in 2020 it had raised $1.8 billion for its first data infrastructure fund, has brought aboard a data infrastructure head for Europe. The firm also hired a new vice president of portfolio operations.

Matt Barker, the new managing director and head of GI Data Infrastructure Europe, from 2010 through this October worked on infrastructure investments at London buyout firm 3i Group PLC, according to a Linkedin profile that gives his most recent title as partner. Before that Barker served as an analyst for the Australian global finance services company Macquarie Group.

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