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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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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Senior, junior jobs open at Star Mountain Capital

Fast-growing Star Mountain Capital has opened a search for a West Coast-based managing director for direct lending, as well as for four junior professionals and an executive assistant to the CEO to be located in the firm’s new Tampa office.

The New York City-based lender and secondaries investor recently has seen its payroll grow from some 65 full-time employees in early 2023 to more than 90, while its assets under management have topped $4 billion. The firm also has about 40 senior advisors and operating partners, as well as about 30 interns, for a total of about 160 people.

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Gemspring, Peak Rock show why CalPERS loves emerging managers

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More plum PE jobs open at public pension funds

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