Black Americans have accomplished much in private equity despite their relatively small numbers. In recent weeks they have ratcheted up the pace of achievements.
Former investment bankers Evan Lyons (pictured) and Jershon Jones unveiled new investment firms; Daphne Dufresne of Awani Capital landed a state pension fund as a backer for a debut fund well on its way to a $500 million target; and 5th Century Partners, co-founded by Bruce Hampton and Marques Torbert, closed its second healthcare and business services-focused fund above target at $276 million with an assist from placement agency Monument Group.
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The California Public Employees’ Retirement System, steward of a $619 billion pension, including one of the world’s largest PE portfolios, is on the lookout for an associate investment manager to support its emerging manager program.
Wes Dick, who recently assembled a transportation-focused portfolio at alternatives investment firm Onex, has added a head of investor relations and capital formation at his new firm, New York City-based Mascarene Partners.
Healthcare rainmaker Gregg Osenkowski, who spent nearly 19 years at lower-middle-market buyout firm Sverica Capital Management, has started his own Boston-based private equity firm.
The New York State Comptroller’s Office, which manages the $297.8 billion New York State Common Retirement Fund, is recruiting for a senior investment officer and an investment officer to join its private equity team.
Ex-rainmakers of Varsity Healthcare Partners have launched firms specializing in healthcare services and technology.
Miami-based technology investor New Private Equity, launched in 2023 by ex-executives of AlixPartners and Hg, is recruiting its first class of founding associates.