Month: January 2022

B-School PE events go virtual in face of Omicron

Columbia Business School, Dartmouth College's Tuck
School of Business and New York University's Stern School of Business have all decided to go virtual this year with their private equity conferences.

It's just one more way the Omicron variant of Covid-19 has upended industry tradition and limited face-to-face interactions. Business school-sponsored conferences, usually held in mid to late-winter, have become a popular way for PE professionals to network, connect with students, and hear from industry luminaries—all at a price that's much lower than other comparable events.

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MiddleGround Capital seeks a business development associate: Sponsored

MiddleGround Capital, which has rapidly grown into a fund-raising and deal-making powerhouse in the middle market, seeks to hire a business development associate to help keep its deal machine humming.

In this position you’ll cultivate relationships with investment bankers, business owners, lenders and a variety of other sources of deal flow. You’ll then tend to those relationships through regular emails, phone calls and meetings. And you’ll track interactions through DealCloud.

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Start-up firm with Apollo, McKinsey pedigree is hiring

An industrial-technology-focused firm whose senior executives hail from Apollo Global Management and McKinsey & Company is looking to hire additional team members, Private Equity Career News has learned.

In the "role overview" on its Web site, Fernweh Group says it is looking for someone to develop investment ideas, handle evaluation of target companies, and develop execution plans. Requirements include a Bachelor’s or Master’s degree as well as experience in consulting, private equity or the industrial technology industry. We were unable to reach executives at the firm to find out the size of its team or how many openings the firm has.

Among the firm’s latest hires: Senior Vice President Paolo Baldesi, who joined this month after serving as an associate partner at McKinsey.

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The Riverside Company is hiring a director of research: sponsored

Prolific lower-mid-market investor The Riverside Company seeks a director of research to work alongside its investment and origination teams. Here’s more about the position:

The Firm: Founded in 1988, Riverside sponsors buy-and-builds in the lower middle market in North America, Europe and the Asia-Pacific region. The firm has more than $14 billion in AUM. Its more than 200 employees pursue deals in business services, consumer brands, education, healthcare, software, and specialty manufacturing. Its nine fund families include ones earmarked for lower-mid-market buyouts, micro-cap deals and non-control investments.

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Exclusive: Ex-Golden Gate managing directors launch shop with tech focus

At least two managing directors of Golden Gate Capital have left to form a new investment firm with a focus on technology and software, the latest in a series of spin-outs from the buyout shop, Private Equity Career News has learned.

The new firm is believed to be called Lone View Capital.

Rishi Chandna (pictured) spent nearly 20 years at San Francisco-based Golden Gate Capital, most recently overseeing investments in technology and services. These include enterprise software, information services, tech-enabled services and business services.

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United Nations seeks private markets director to guide ramp-up

The United Nations Joint Staff Pension Fund, steward to a portfolio of approximately $90 billion, is hiring a director of private markets to help put another $5 billion to $7 billion into infrastructure, real estate and private equity.

The pension fund also has several related job openings, including for two investment officers and an associate risk officer.

As of January 7, the United National allocated 6.8 percent of its portfolio to private equity investments, or some $6 billion, according to its website. The pension invests through externally managed funds across industries and geographies.

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Hidden Harbor’s Matt Rainwater launches origination shop

Matt Rainwater has stepped down from his post as director of business development at Hidden Harbor Capital Partners to launch his own outsourced business development firm. His first client: Hidden Harbor Capital Partners.

Rainwater's new firm, Pineland Capital Partners, will specialize in add-on deal sourcing for private equity firms, according to a Linkedin post. Industries of expertise, according to the firm's Web site, include industrials, business services, consumer and healthcare.

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David Wasserman’s Tech Shop Ramps Up, Adds Partner

It has been a year of rapid expansion for technology investment shop Recognize, launched in early 2020 by former Clayton, Dubilier & Rice executive David Wasserman, former president of Oracle Corp Charles Phillips and others.

During that time the New York City-based firm has expanded its team to 16 members, according to a review of the Recognize team page. Among the most recent hires, Partner Mike Grady joined this November after serving as a managing director at business information and tech-enabled services specialist CIP Capital. Controller Patricia De Los Santos joined several months earlier after serving as an assurance senior manager at accounting firm Ernst & Young.

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PE-backed Terra Nova is hiring a director of M&A: Sponsored

Terra Nova Solutions, an acquisitive, PE-backed environmental services company, intends to hire a full-time director of M&A to find, evaluate and help integrate target companies.

It’s a great opportunity for a seasoned business development professional or investment banker eager to do more than just source deals. You’ll be climbing aboard a platform company with an aggressive growth plan and led by a new management team hungry to deliver a great return for themselves and for backer Calvert Street Capital Partners. It’s also a chance to join a company doing some good for the planet.

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