The Cynosure Group, a Salt Lake City-based money manager for families, foundations and other institutional investors, has raised over half of the $400 million it’s targeting on a debut fund earmarked largely for minority positions in profitable founder and management-owned companies.
To help sustain the effort, the 22-person firm has an analyst slated to start in March and an associate in April. It may look to hire two additional deal professionals over the next year, possibly one at the junior level and one at the mid-level. The firm also plans to get in the habit of hiring a handful of rising-senior undergraduates as summer interns. Three are lined up for this year.
Continue reading “Cynosure secures $200M+ on debut fund; eyes more hires”
