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The John S. and James L. Knight Foundation is bringing aboard an in-house investment team for the first time amid a wave of hiring across the LP side of private equity.
The Miami-based nonprofit, which supports journalism, arts and communities through its $2.5 billion endowment, has opened searches for a private markets investment director, a public markets investment director, an investment associate and an investment operations associate to work in its Arlington, Virginia office.
William Ritchie, who recently stepped down as managing director at Madison Dearborn Partners, has teamed up with healthcare executive Mitra Veeramasuneni to launch a firm dedicated to acquiring small healthcare companies.
Chicago-based Cleargate Capital Partners targets companies generating $2 million to $10 million in EBITDA. Sectors of interest include home healthcare, community-based care, behavioral health, training, payer services, revenue cycle management and governance, risk and compliance.
The family of Tony Pritzker has put its fortune behind a new effort to back small and mid-sized buyout funds, including debut funds, that have proven hard to access for many investors.
Chicago-based Pritzker Alternative Strategies is led by Paul Carbone, who for over a decade starting in 2012 oversaw buyout investing for sister firm Pritzker Private Capital. It is chaired by Tony Pritzker, who also serves as chairman and CEO of Pritzker Private Capital and who is the brother of Illinois Governor J.B. Pritzker.
The following Big Move! items appeared in the April 25 free edition of Private Equity Career News:
Big Move! Elena DeVoe joins New York City-based buyout firm Athena Capital as a director to work on investor relations and business development, according to her Linkedin profile. DeVoe most recently worked in the private funds group of investment bank UBS.
Big Move! Jack Gordon joins the Chicago office of software buyout shop Vista Equity Partners as vice president-capital and partner solutions, according to his Linkedin profile. Gordon most recently served as vice president-business development at money manager Hamilton Lane.
The following Big Move! items appeared in the April 18 free edition of Private Equity Career News:
Brent Blankenship joins the growth equity division of Miami-based Trivest Partners as a director, according to his Linkedin profile. Blankenship most recently served as a vice president at Chicago-based healthcare buyout firm Sheridan Capital Partners.
It may be a good time to brush up on your restructuring and turnaround skills.
Boston-based Audax Group, for example, has opened a search for a restructuring professional to help manage underperforming credits.
The role isn’t a new one. Nor is it part of a new investment strategy for the firm's credit arm, Audax Private Debt, according to a source familiar with the firm. The new hire would join an established workout team focused on monitoring portfolio companies for credit risk and on capital preservation.
Private equity giant TPG has raised at least $564.5 million for its inaugural vehicle earmarked to take GP stakes in diverse and emerging fund managers.
The San Francisco-based firm, with approximately $250 billion AUM, has secured backing from at least 14 investors for TPG NEXT (A) LP and its parallel vehicle, according to new regulatory filings.
Launched in 2023, the fund was seeded with $500 million from the California Public Employees' Retirement System, suggesting that the additional $64.5 million was raised from third-party investors. A November filing showing a then-tally of $520 million for the vehicle indicates that an additional $44.5 million has been raised in the past six months.
Three managing directors have left Chicago buyout firm Madison Dearborn Partners as the large-cap firm heads out to raise a ninth flagship fund targeting $3 billion, Private Equity Career News has learned.
Leaving the firm in the last few months were Drew Macha, Jay Pauley and William Ritchie. Former basic industries team member Macha joined Madison Dearborn in 2014 after earning an MBA at Harvard Business School. He has recently served on the boards of Air Control Concepts, Align Precision and Ankura Consulting, according to his Linkedin profile.
Continue reading “Three managing directors leave Madison Dearborn as firm launches Fund IX”
You know how valuable it is to have accurate compensation data that reflects current market conditions.
In fact, you’d spend close to $4,000 for a copy of the annual compensation study that I oversaw a few years ago as executive editor of Buyouts Magazine.
Now that I have my own publishing company, I’m determined to make great compensation data affordable—especially for those who share their own data on a confidential basis.
All professionals who work at PE firms, independent sponsors or PE money managers (such as funds of funds) are eligible to participate. Just complete our 10-minute survey and you will receive a full copy of the study when it’s published later this year.
Continue reading “Get your FREE compensation benchmarking report”
The following Big Move! items appeared in the April 11 free edition of Private Equity Career News.
Big Move! Freddie Briggs joins Los Angeles-based niche-manufacturing, industrial services and specialty distribution investment firm Angeles Equity Partners as an operating principal, according to a press release. Briggs most recently served as chief transformation officer at electric vehicle charging company Ampure.