Author: Michelle Saxton

Former KPMG exec launches independent sponsor

Derrick Raymond, who worked for nearly 18 years at Big Four accounting firm KPMG, has launched a private investment firm to back small companies as an independent sponsor.

Washington DC-based Raymond unveiled Founders Camp Capital earlier this month to make minority or control investments in companies generating $2 million to $10 million of EBITDA in technology and professional services businesses, including ones with ties to the federal government. Raymond plans to partner with “builders and enablers of AI in the enterprise,” as well as specialty boutiques with industry domain knowledge.

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Wanted: Valuation leaders at GCM Grosvenor, HarbourVest

Money managers GCM Grosvenor of Chicago and HarbourVest Partners of Boston have launched searches for valuation heads, while alternative investment firm Partners Group of Zug, Switzerland, is recruiting for several valuation roles.

GCM Grosvenor is hiring two heads of valuation, one at its Chicago office and the other in New York, to lead that function for private equity, credit, infrastructure, real estate and other strategies. Meanwhile, HarbourVest Partners seeks a senior vice president for its Boston office to serve as head of valuations for alternative assets that include private equity, debt financing and infrastructure.

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Ocean Avenue co-founder leaves to back independent sponsor deals through new venture

Duran Curis, a co-founder of independent sponsor backer Ocean Avenue Capital Partners, has left to pursue similar transactions for an affiliate of San Diego-based investment bank Aviara Partners.

Curis began serving as managing partner of Aviara Partners Capital this month, according to his Linkedin profile. The firm, his profile says, "provides sophisticated institutional investors with access to compelling lower middle market equity investments through its extensive network of independent sponsor relationships."

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Former MPE, GEM, Apax executives launch new firms

A former partner at manufacturing investor MPE Partners has launched a new PE firm backing entrepreneur and family-owned industrial businesses, highlighting a recent wave of firm launches by veteran investors across the private markets.

Greater Boston-based PVP Capital Partners, founded earlier this year by Graham Schena, is one of several new firms that have recently surfaced.

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Ex-Thoma Bravo, Accel-KKR executives start new firm

Two former software investors at Thoma Bravo and Accel-KKR have teamed up to launch a new private equity firm, Alden Bridge Partners.

Carl Chan and Nishant Patel of San Francisco serve as managing partners at the new firm, according to their LinkedIn profiles. A website for Alden Bridge Partners states, “We accelerate businesses through systems, software, and AI.”

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Teams at nine public firms grow 14 percent, led by Ares, Apollo

Teams at nine publicly traded private equity firms grew 14 percent during 2025 and early 2026—roughly double the pace of the previous year—according to a recent analysis by Private Equity Career News.

Together, the firms added 3,209 employees over the past year, bringing their combined workforce to 25,871. The analysis is based on company 10-K filings, with some firms reporting employee counts as of Dec. 31, 2025, and others as of March 31, 2026. It represents the largest annual increase in combined headcount among the firms in recent years.

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Former Charlesbank execs launch services-focused PE firm

Two former investment professionals at Boston-based Charlesbank Capital Partners have launched a new private equity firm, joining a growing list of emerging managers entering the market this year.

Jake Lippe and Brian Pegno have formed Center Street Holdings, a Chicago and Boston-based firm focused on services industries. The pair are among several experienced private equity executives to strike out on their own in recent months, alongside the founders of Golden Lakes Partners and Blackwell Health Partners.

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Colorado PERA seeks deputy CIO to lead private markets

The Colorado Public Employees’ Retirement Association has posted an opening for a deputy chief investment officer to oversee its $16.8 billion private equity, real estate and alternative investments portfolio.

The deputy CIO of private markets role at the $75 billion pension manager comes with an anticipated salary of $335,000 to $415,000. Candidates should have a bachelor’s degree and at least 10 years of investment portfolio management experience. It helps to have a master’s degree in business administration or a designation as a chartered financial analyst or chartered alternative investment analyst.

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Wanted at Ohio Teachers: Directors of PE, Private Credit

The State Teachers Retirement System of Ohio has launched searches for  directors of private equity and private credit to manage investments for its $104 billion pension fund.

The two new positions replace a single role—that of director of alternative investments, previously held by Aaron DiCenzo. Late last year DiCenzo was promoted to deputy executive director of investments and chief investment officer of the Columbus-based STRS Ohio following the retirement of former CIO Matt Worley.

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WayPoint Capital splashes into fundraising pool

WayPoint Capital Partners, founded in 2004 to invest on behalf of a single family office, and which recently has been investing on a deal by deal basis, has launched a debut buyout fund.

WayPoint Capital Partners Fund I-A LP and a related fund don't have disclosed targets. But the listing of Stifel as its placement agent on regulatory filings suggests the firm will be soliciting institutional investors. The Eaton Partners division of Stifel has raised more than $140 billion in institutional money since its founding in 1983.

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