Former Blackstone Group investors Isaac Harrouche and Mike Berlin have teamed up to launch their own firm and to raise a debut fund with backing from the Blackstone executive who launched and led their division. It's one of several debut funds in the market that promise to lead to job creation in the months ahead.
Month: February 2025
Big Moves: FIRSTAvenue, Hamilton Robinson, ABRY Partners
The following Big Move! items ran in the February 28 free edition of Private Equity Career News:
Big Move! Jeffrey Davis joins the New York City office of placement agency FIRSTAvenue as partner-head of Americas and global head of origination, according to his Linkedin profile. Davis most recently served as partner and head of North American origination at placement agency Mercury Capital Advisors.
Outsourced CIO Verus searches for pair of private markets pros
OCIO services provider Verus seeks a pair of private markets professionals to work on manager searches for institutional clients. The new employees would be joining a firm that helps clients build private equity, private credit and real assets portfolios.
Iowa PERS, NYS Insurance Fund scout for PE investment leaders
Institutional investors in Iowa and New York are in the market for private markets investment professionals.
Iowa Public Employees’ Retirement System, which manages roughly $45 billion, is searching for a senior retirement investment officer and a retirement investment officer for its private markets team.
Big Moves: Ares Management, OceanSound, Commonfund OCIO
The following Big Move! items appeared in the February 21 free edition of Private Equity Career News:
Credit giant Ares Management Corporation last week tapped New York City-based Kipp deVeer and London-based Blair Jacobson to serve as co-presidents, reporting to CEO Michael Arougheti. Since joining the firm in 2004 deVeer has helped to build its fast-growing credit group; Jacobson since joining in 2012 has built the firm's European direct lending platform.
Cresset launches new PE fofs amid hiring spree
Emerging-manager-friendly Cresset Capital has launched a new private equity fund of funds as it continues its rapid expansion. It is also looking to fill some 45 staffing positions.
The Chicago-based multi-family office, founded by private equity luminaries Avy Stein and Eric Becker, is fundraising for Private Equity 2025 Fund LP, per new filings. So far the firm has raised $8 million from four investors.
NYS Comptroller Tom DiNapoli offers full-throated support for diversity
New York State Comptroller Thomas DiNapoli, who made the hiring of women and minorities a priority for his office and for his investment portfolio shortly after taking office in 2007, on Friday showed zero sign of backing down from that commitment.
Continue reading “NYS Comptroller Tom DiNapoli offers full-throated support for diversity”
Co-founder of ParkerGale leaves for multi-family office Halstatt
Kristina Heinze, one of several co-founders of Chicago-based technology buyout shop ParkerGale, has left to join multi-family office Halstatt as chief investment officer.
“This opportunity presents a unique chance to leverage my expertise in investment strategy, private equity and portfolio management while contributing to a vision and mission that aligns closely with my values,” wrote Heinze this week in a Linkedin post.
Ex-BP Energy, Generation Growth execs seek deals under new banners
Former executives with buyout firms BP Energy Partners and Generation Growth Capital have launched deal sponsors to go after opportunities in industrials and other markets.
Ben Berkowitz , most recently a director at Dallas-based BP Energy Partners, last year launched Dallas-based industrials, energy and environmental services-focused Enable Capital Partners.
Cresset launches new PE fofs amid hiring spree
Emerging-manager-friendly Cresset Capital has launched a new private equity fund of funds as it continues its rapid expansion. It is also looking to fill some 45 staffing positions.
The Chicago-based multi-family office, founded by private equity luminaries Avy Stein and Eric Becker, is fundraising for Private Equity 2025 Fund LP, per new filings. So far the firm has raised $8 million from four investors.