Author: davidmtoll

Three managing directors leave Madison Dearborn as firm launches Fund IX

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”

Get your FREE compensation benchmarking report

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”

Big Moves: Angeles Equity Partners, Argand Partners, Quilvest

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.

Continue reading “Big Moves: Angeles Equity Partners, Argand Partners, Quilvest”

RCP Advisors secures $170M for emerging managers; seeks three new hires

Lower-mid-market buyout specialist RCP Advisors has closed its latest emerging manager fund of funds at $170.3 million as it continues to have confidence in the performance of younger firms. The firm is also advertising three open positions.

The Chicago-based firm, with some $15.3 billion AUM, has closed RCP Small and Emerging Fund III LP at roughly $20 million more than its $150 million target, per a firm announcement. A spokesperson at RCP Advisors said he could not comment further on the vehicle.

Continue reading “RCP Advisors secures $170M for emerging managers; seeks three new hires”

Talent partner retires from Hellman & Friedman to join portco Zendesk

Talent executive Annmarie Neal has retired as a partner at Hellman & Friedman to become chief people officer at software company Zendesk, acquired in 2022 by Hellman & Friedman and London buyout firm Permira.

Neal spent just over 10 years with the buyout firm. Her time there coincided with a surge of interest by PE executives in working more closely with their management teams on hiring and executive coaching. The ultimate aim: to increase the valuations of their companies at exit time.

Continue reading “Talent partner retires from Hellman & Friedman to join portco Zendesk”

Big Moves: GCM Grosvenor, AVALT, Brinkmere Capital Partners

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

Martin Laguerre joins the New York City office of money manager GCM Grosvenor as managing director, private equity investments and co-head of global diversified private equity, according to his Linkedin profile. Laguerre most recently served as a senior advisor at private equity firm Warburg Pincus LLC.

Continue reading “Big Moves: GCM Grosvenor, AVALT, Brinkmere Capital Partners”