Ex-McNally Capital executive launches new firm

Fundraising expert Beth Rahn, the former principal and head of family capital at McNally Capital and an advocate for women in private equity, has started a new firm.

Rahn launched New Era Advisors as managing partner earlier this year, according to her LinkedIn profile.  Her profile describes her fundraising, investor relations and business development skills, as well as her advocacy of “gender equity through capital allocation.”

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Sports investor Otro Capital hires PJT Park Hill to raise debut fund

Otro Capital, launched last year by former executives at RedBird Capital Partners, has hired placement agent PJT Park Hill to raise its debut fund.

News of the hiring comes in regulatory forms for Otro Capital Fund I-A LP and a related fund filed by the 11-year-old, New York City-based sports, media, gaming and entertainment investor.

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Texas Municipal’s new CIO touts four private market openings

The Texas Municipal Retirement System’s new chief investment officer is promoting a batch of private equity and private credit positions at the pension. That includes a head of private markets spot open since last fall and whose compensation package appears to have grown sweeter.

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Johns Hopkins University seeks managing director for private markets: Updated

Update: Shortly after this story was posted, Johns Hopkins University updated the job posting for the managing director-private markets position to say it was “on-hold, has been canceled or has been filled.”

Johns Hopkins University has launched a search for a managing director to help set and execute on private markets strategy for the $8 billion endowment manager.

“This is a significant opportunity to further build out a private equity program in a broader portfolio with ample liquidity and a goal to materially increase private equity exposure, and the buyout exposure specifically,” stated a position description from executive search firm David Barrett Partners.

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Hiring outlook mixed as we review our favorite career sites

Following several years of go-go recruiting, chinks are beginning to show in the PE hiring market’s armor.

While hiring remains active it is slower than last year, Laurie Thompson, founder and executive recruiter of fundraising and investor relations specialist Willow Hill Advisors, told Private Equity Career News. Thompson’s survey of 95 hiring managers last fall found about 13 percent of respondents expecting to actively recruit in 2024. That was down from about 27 percent in 2023.

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Charlesbank, Beach Point hire senior talent execs

Buyout firm Charlesbank Capital Partners and credit shopBeach Point Capital  Management have hired new senior talent executives, the latest moves by PE firms to strengthen their talent leadership ranks. Both firms employ teams of more than 160 people.

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San Francisco pension seeks private credit manager as similar openings proliferate elsewhere

The San Francisco Employees’ Retirement System has opened a search for a senior portfolio manager of private credit as it expands its private credit portfolio.

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