Month: October 2024

Ex-Long Point Capital exec launches firm backed by Mexican family

The Mexican family that owns steel company Deacero has launched a buyout firm in New York City to acquire North American manufacturing companies. The new firm has its eye on adding an associate and possibly a second VP as it starts closing deals over the next year.

The idea for starting Forge52 Capital, said Managing Director Daniel Ron, most recently a principal at buyout firm Long Point Capital, sprung from the add-on acquisitions that Monterrey-based Deacero has been making in the United States.

Continue reading “Ex-Long Point Capital exec launches firm backed by Mexican family”

Ex-Trilantic exec joins outsourced CIO’s co-invest team

Former Trilantic North America consumer specialist Jennifer Fox Bensimon has joined the co-investment team at outsourced CIO provider Partners Capital in New York City.

Bensimon joins a London-based firm with more than 360 people managing some $60 billion in assets for endowments, foundations, family offices and wealthy investors. As of June the firm was raising money for its seventeenth PE fund of funds, Partners Capital Condor Fund XVII LP. At press-time, the firm was recruiting for several team members, including a private equity investment associate in San Francisco.

Continue reading “Ex-Trilantic exec joins outsourced CIO’s co-invest team”

Jamie Dimon attacks PE recruiting practices; calls them “unethical”

Jamie Dimon, the CEO of JP Morgan Chase, in an interview last month attacked the practice of private equity firms recruiting junior investment bankers at JP Morgan Chase right as they start their positions.

“I think that’s unethical,” said Dimon. “I don’t like it. I may eliminate it regardless of what the private equity guys say.” He added: “I want patriots, not mercenaries.”

Continue reading “Jamie Dimon attacks PE recruiting practices; calls them “unethical””

Big Moves! Madison Dearborn, British Columbia IMC, Asante Capital Group

The following Big Move! items appeared in the October 4 free edition of Private Equity Career News:

Chicago-based buyout firm Madison Dearborn Partners taps Vahe Dombalagian to lead the firm as managing partner, a new role, while also naming eight executives as partners. Dombalagian and the eight new partners take the reins of the firm from co-CEOs Tom Souleles and Tim Sullivan, who have become vice chairmen with advisory roles. The newly named partners are Elizabeth Betten (co-head of health care team); Rich Copans (head of basic industries); Mike Dolce (capital markets); John Knutsen(business development); Matt Norton (head of technology and government); Matt Raino (head of financial services); Jason Shideler (co-head of health care) and Annie Terry (legal and compliance).

Continue reading “Big Moves! Madison Dearborn, British Columbia IMC, Asante Capital Group”