Software partner departs powerhouse Hellman & Friedman

Partner Deepak Advani has left buyout shop Hellman & Friedman, the latest in a series of software executives departing PE firms recently.

Advani, one of 21 partners at the firm, leaves shortly after the firm held a final close of $22 billion for its eleventh flagship fund, Hellman & Friedman Capital Partners XI LP, according to press reports this spring.

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Private credit execs back in the game after sale to Carlyle

Canal Road Group, a private credit fund manager launched last year by the co-founders of CBAM Partners, bought in 2022 by Carlyle Group for an eye-popping sum, is out raising money for a debut fund.

Led by Co-Chief Executive Officers Mike Damaso and Don Young, the Miami-based firm filed a regulatory form this month for its Canal Road Private Credit Fund LP. No offering amount was listed, and we were unable to reach executives to talk about fundraising or hiring. However, their track record suggests we may witness a rapid ramp-up in both.

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Healthcare partner jumps to Flexpoint Ford from Avista

Flexpoint Ford, which in the last two decades has raised more than $7 billion in commitments earmarked for healthcare and financial services, has hired Joshua Tamaroff as a managing director on its healthcare team, Private Equity Carer News has learned.

Tamaroff most recently served as a partner at New York City-based healthcare specialist Avista Capital Partners, where he  spent about 13 years and which earlier this year closed its sixth fund at $1.5 billion.

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Big Moves: Boomerang Execs, CD&R, Mercury Capital, Advent International

The following Big Move! items appeared in the July 12 free edition of Private Equity Career News:

Big Move! Jeff Davis joins New York City placement agency Mercury Capital Advisors as a partner to lead North American private equity and private credit origination and project management, according to an announcement. Davis previously led distribution and origination for private equity and private credit for placement agency FirstPoint Equity Capital.

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Minority-led IMB Partners looks to close debut fund with about $120 million

The Black American founder of IMB Partners, who earlier in his career co-founded one of the most successful minority-led firms before leaving in a high-profile falling-out, anticipates holding a final close of about $120 million on his debut fund as early as the end of the year.

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Sageview Capital’s Partner Jake Colognesi steps down

Software investor Jake Colognesi, who last year helped lead a funding transaction for email and marketing platform Stensul, has stepped down from his position as partner at Greenwich, Connecticut-based growth equity firm Sageview Capital.

“Building!” reads the headline on Colognesi’s LinkedIn profile. However, it was not immediately clear what his plans are or why he left Sageview Capital, which was launched by two ex-KKR & Co executives in 2005. His profile indicated that he had been with the firm from 2019 until last month. An automatic response from his Sageview Capital email account stated he was no longer there.

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Big Moves: World Bank Pension, Charlesbank, Stone-Goff

The following Big Move! items appeared in the July 5 edition of Private Equity Career News:

Alona Ponomareva, manager of the European PE portfolio of the World Bank Pension, spearheaded the launch of a Paris chapter for the Private Equity Women Investor Network, or PEWIN. “The inaugural event sponsored by Tiana Rambatomanga at Willkie Farr was a fantastic opportunity for senior women to come together and create a powerful network for sharing ideas, exploring opportunities to work together and increasing the profile of female leaders in our industry,” Ponomareva wrote in a Linkedin post.

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