A search for a private equity portfolio manager by the Kentucky Public Pensions Authority has produced more and better candidates than attempts to fill similar positions in recent years, benefitting from a change to state law in 2022 that allows for higher annual salaries.
Month: February 2023
Levine Leichtman seeks associates to help invest seventh flagship fund
Los Angeles-based Levine Leichtman Capital Partners has openings for both junior and mid-level deal professionals as it continues raising $3.3 billion for its seventh flagship fund.
Firm co-founded by Ben Carson’s son hits milestone on debut
FVLCRUM, whose founders include a son of former U.S. Housing and Urban Development Secretary Ben Carson, has raised more than $183.6 million of a targeted $250 million for a fund earmarked to invest in minority-owned businesses.
The Rockville, Maryland-based firm filed a regulatory form in early February for FVLCRUM Fund LP, which was launched in partnership with the Clearinghouse Community Development Financial Institution in 2020.
Nick Hatch rejoins Probitas to reinvigorate secondaries, build team
Probitas Partners is re-energizing its secondary advisory business with the re-hiring of Nick Hatch, this time as managing director-global head of secondaries. Hatch expects to build his team slowly.
Not long after Hatch left San Francisco placement agency Probitas Partners as an analyst in 2010, much of his former secondary advisory team left the firm as well, Hatch told PECN.
Spin-out from Tony James family office raising debut
New York City-based Madison River Capital, whose team sponsored buyouts for the family office of Hamilton E. “Tony” James, former president and COO of Blackstone Group, is raising money for a debut fund.
PE Firms Recognized in 2023 Top Private Equity Innovator Awards
This week BluWave announced the recipients of the 2023 Top Private Equity Innovator Awards–recognizing the top 2 percent of PE firms for their innovative practices in proactive due diligence, transformative value creation, ESG and private equity firm operations.*
Minority-led Sidereal Capital lands backer, seeks associate
Sidereal Capital Group, founded in 2012 as an independent sponsor and led by a trio of managing partners, including two Black Americans, has landed money manager MPowered Capital as an investor and backer of its anticipated debut fund.
Mercury adds to secondaries team amid wave of industry hiring
New York City-based placement agent Mercury Capital Advisors has added a new partner to its secondary advisory team, the latest in a string of recent hires across the industry reflecting an upswing in the secondaries market. More hiring is on the way.
Robin Clifford returns to ‘reset’ New Jersey’s PE portfolio
Three years after stepping down as head of PE, Robin Clifford has returned to the New Jersey Division of Investment as a senior investment officer on the $11 billion PE portfolio.
Your chance to invest with Shark Tank contestant who makes chicken coops
A Pennsylvania businessman who appeared on an episode of Shark Tank last year to raise $1 million for his backyard chicken coop company is raising money toward a target of $80 million for a private equity fund.
Chester O. “Chet” Beiler, owner and chief executive officer of the Manheim-based OverEZ Chicken Coop, is launching the Oasis Investment Fund LP, according to a regulatory filing from early February.