Month: December 2021

Ex-Golden Gate, KKR executives launch investment firm

Four ex-executives of buyout shops Golden Gate Capital and Kohlberg Kravis Roberts & Co have joined forces with others to co-found a San Francisco-based investment firm called Sea Cliff Partners.

Their Linkedin profiles suggest the firm will take a private equity-like approach to investing in North American publicly-traded small and mid-cap companies with market caps ranging from $1 billion to $10 billion.

Co-founders Arthur Baptist (partner at Sea Cliff Partners, pictured) and Marcello Pantuliano (senior partner) most recently served as vice president and managing director, respectively, at Golden Gate Capital.

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Tech investment shop seeks heads of origination, community

Devin Mathews

ParkerGale, a Chicago buyout shop that acquires technology companies, has openings for a head of origination, a head of community and an associate.

That’s according to Partner Devin Mathews, whose firm saw deal sourcing expert Kara (Davey) Master step down recently to become a vice president at Chicago-based Wind Point Partners.

ParkerGale closed its second fund at $375 million just over three years ago. Its team page lists 18 employees, including Partners Kristina Heinze, Mathews, Jim Milbery and Ryan Milligan.

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Christine Kang joins Thoma Bravo to launch growth equity strategy

Christine Kang has stepped down as vice president at General Atlantic to help launch a growth equity strategy for Chicago-based software and tech-enabled services giant Thoma Bravo.

Kang's Linkedin profile describes her as a member of the "founding team for Thoma Bravo’s growth investing practice."

She brings expertise in Web 3.0, blockchain technology, and SaaS business models to the Miami, Florida office opened earlier this year by Thoma Bravo. There she joins, among other colleagues, Partner Chip Virnig, whose specialties include infrastructure and cybersecurity.

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Kerstin Dittmar’s L2 Point to hire mid-level, junior professionals

Having recently secured additional start-up financing, and closed its first two growth capital deals, L2 Point plans to build out its investment team by hiring a crop of VP/principals and associates.

Managing Partner Kerstin Dittmar founded L2 Point in the spring of 2019. The three-person firm makes structured equity investments in companies that could be self-sustaining but choose to secure outside capital to achieve faster growth.

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State Street’s Mercatus is hiring a senior director of sales: sponsored

Mercatus Inc, an innovative fintech offering an investment data management platform for the private markets, has launched a search for a senior director of sales.

You’d be joining a fast-growing company. In the wake of its acquisition by State Street Corp earlier this year, roughly 50-person Mercatus plans to double its headcount by adding junior and mid-level professionals to its all-remote workforce.


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Andrew Korn steps down as partner from Sageview Capital

Andrew Korn has stepped down from his position as partner at Sageview Capital, a growth equity firm whose founders cut their teeth at legendary buyout shop Kohlberg Kravis Roberts & Co. Korn has joined automated apartment leasing agent MeetElise as CFO.

The departure—Korn's last day was Friday, after 15 years with the firm—comes a few months after Sageview Capital closed, at $710 million, its third fund earmarked for companies in technology, financial services and businesses services.

The team page of Sageview Capital's Web site lists 28 employees, including six partners. It was not clear by press-time whether Korn's departure came as a surprise to limited partners in the fund. It did not trigger a key-person clause in Fund III. Attempts to reach Korn for comment failed to bear fruit.

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Joe Dawson tapped to lead PE at NYS Common; to hire two officers

New York State Common Retirement Fund has tapped Joe Dawson to be its new director of private equity following the retirement of Brian Hughes, Private Equity Career News has learned. One of Dawson's first jobs: hiring at least two investment officers to help shape the $29.5 billion PE portfolio.

Dawson has worked for the $268 billion pension fund for more than two decades, most recently serving as deputy director of the PE portfolio. Earlier in his career he served as a senior consultant at Ernst & Young LLP, according to his Linkedin profile. Hughes retired to enjoy "some well earned down time," according to his Linkedin profile, after an eight-year stint at the pension fund.

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