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At least 13 new U.S.-based firms founded by women, minorities and veterans have launched since the beginning of last year, contributing to a rising tide of diversity across the industry.
That's according to the fifth edition of our Guide to PE/VC Firms Founded by Women, Minorities and Veterans, published this month by PrivateEquityCareer.com. (Members can access the guide here.)
Hamilton Lane has hired its first head of digital assets to develop and oversee strategy relating to blockchain technology and its integration into products and services.
Victor Jung joins the Conshohocken, Pennsylvania-based alternative asset manager after serving as the head of distributions and liquid private markets for the Asian business of Zug, Switzerland-based money manager Partners Group.
Liberty Strategic Capital, a new tech-focused private equity firm founded by former Treasury Secretary Steven Mnuchin, has raised nearly $3 billion for its debut pool of capital.
The Washington DC-based firm has raised $2.3 billion from 15 investors for Liberty 77 Fund International LP, according to a regulatory filing, and $620.8 million from 33 investors for Liberty 77 Fund LP, according to a regulatory filing.
Ex-MidOcean Partners credit executive Bryan Dunn has co-founded a new asset management firm, Private Equity Career News has learned.
Dunn serves as co-founder and chief investment officer of 22V Asset Management, according to his LinkedIn profile. The firm operates as an asset manager focusing on credit and macro investing; it is the independent investment arm of macro research firm 22V Research, which produces research, technical analysis and economic projection reports across asset classes and markets.
The trend may have started with giants like Apollo Global Management and Blackstone Group, but now the hiring of ESG professionals is heading downmarket.
Firms that have hired professionals with experience in managing environmental, social and governance programs in recent months include General Atlantic, Blue Owl Capital, MiddleGround Capital, and NGP Energy Capital.
At the same time, the large shops continue to add ESG talent:
Private equity and credit provider ORIX Corporation USA is seeking an associate director and associate to join its new GP-led secondaries investment team.
The team is headed by Jed Johnson, a managing director who recently joined from multi-family office CH Investment Partners. There he led the private markets investment activities as senior managing director and portfolio manager.
NGP Energy Capital Management has hired Laurel Peacock to be its head of ESG, a role where she'll have more power than most to impact the "E" in the now-famous acronym.
She appears to be the first head of environmental, social and governance at the Dallas-based investor in oil, gas and renewable energy sources. In her new role she'll work both with executives at NGP Energy Capital and at its portfolio companies.
Golden Gate Capital, which has lost a number of executives to spin-out groups over the past few years, has hired its first head of talent to take charge of internal human resources.
Expect Nichole Barcelon to get involved in portfolio company recruiting over time. Before joining San Francisco-based Golden Gate Capital she served as human resources director at money manager BlackRock.
The executives often responsible for employee retention at PE firms have themselves been leaving in notable numbers these past few months.
Blue Wolf Capital Partners, GI Partners, Gryphon Investors, Madison Dearborn Partners and Palladium Equity Partners have all recently lost senior or mid-level talent and human resources professionals.
A senior healthcare IT banker from Harris Williams has joined Boston-based buyout shop Thomas H. Lee Partners as its third managing director of business development.
Sam Hendler (pictured) will focus on sourcing healthcare deals for the firm. He previously served as a managing director in the Richmond, Virginia-based investment bank’s technology group and led its healthcare IT practice.