Less than two years after closing its fourth flagship fund at $940 million, Bertram Capital is in the market with its successor, as well as with a debut fund whose handle includes the word "Ignite." The firm also seeks an associate to join its investment team.
Month: January 2023
MassPRIM seeks PE investment officer; NY State Common loses EM head
Two of the nation’s largest pension funds, both big friends to women-led and minority-led firms, are changing up their private equity team lineups.
The $90 billion Massachusetts Pension Reserves Investment Management Board is recruiting an investment officer to join its private equity team and help with a growing portfolio, according to a job ad.
More launches from ex-executives of GoldPoint, BlackRock, Goldman Sachs
Several young firms are making a splash, with some announcing their formation and others raising new funds.
Dextra Partners, a New York City-based money manager, introduced itself this month and its six founders, all of whom previously served as senior members of GoldPoint Partners (now part of Apogem Capital). Armen Nalband, meantime, revealed himself on Linkedin to be president of Nalbana Capital. In his prior role as a vice president at San Francisco-based Vector Capital, Nalband would have worked on late-state technology deals.
Hidden River to fill junior ranks as debut fund fires up
Hidden River Strategic Capital this year plans to start building out its junior ranks as its debut SBIC fund earmarked for junior debt and preferred equity deals takes shape.
Graham Bachman, who joined the three co-founders two months ago as managing director and head of business development, said the Philadelphia firm would seek candidates who enjoy a "collegial atmosphere." They should also have desire to a provide flexibly structured growth capital to lower-mid-market businesses.
Human Capital is Hottest Trend in Private Equity at 41% of all 2022 Activity: A Message from BluWave
In the latest BluWave Private Equity Insights Report, the annual activity index that shows the functional breakdown of where PE firms spent their time in 2022 compared to years past, shows an ~10% increase in human capital activity from 2021 to 2022. Learn what specific human capital resources PE firms were utilizing in the report.
San Francisco seeks private equity, private credit investment officers
The San Francisco Employees’ Retirement System, which has recently managed some $34.5 billion on behalf of more than 70,000 beneficiaries, is hiring two investment officers to help manage its multi-billion-dollar private equity and private credit portfolios.
California shop to hire investment, fundraising, BD, operations pros
On the heels of several recent hires, Lateral Investment Management continues building its team to spur transformational growth in lower-middle-market businesses.
The San Mateo, California-based provider of structured equity to fast-growing companies expects to hire four to five employees for the investment team at the mid- and senior level and for fundraising, business development and portfolio operations, according to Founder and Managing Partner Richard de Silva.
Female founders raise curtain on two new private equity firms
The new year has gotten off to a strong start for female founders with the unveiling of two firms, Citation Capital and Coalesce Capital, both of which are expected to raise debut funds.
Indeed, the pedigrees and track records of the founders are such that industry watchers predict both firms could raise several hundred millions dollars each for their inaugural efforts.