It was another year of rapid change in the PE hiring market, as the percent of female hiring dropped, on-cycle recruiting fell out of fashion, and firms brought aboard experts in artificial intelligence. Below we take a closer look at seven of the biggest hiring trends spreading across the market.
Category: Blog Posts
Big Moves: LDS Investments, Ontario Teachers’, Texas PSF
The following Big Move! items appeared in the January 2 free edition of Private Equity Career News:
Big Move! New York-based Jiwoo Park joins Hong Kong-based family office investment platform LDS Investments to work on lower-middle-market co-investments alongside both funded and independent sponsors, as well as on fund commitments, according to his Linkedin profile. Park formerly led a U.S. investment team as a director at Singapore sovereign wealth fund Temasek. LDS Investments has an appetite for both North American and European deals. Founder and CEO Chul-joo (CJ) Lee launched LDS Investments after retiring in 2023 as managing partner of Pan-Asian PE firm Affinity Equity Partners. The firm is co-led by Partner and Co-CIO Homer Sun, formerly CIO at Morgan Stanley Private Equity Asia.
PE Diversitometer: Percent of women hires drops to 27%
Gender diversity in private equity hiring took a step backward this year, while the hiring of Black Americans remained at very low levels.
That was the upshot of this year’s PE Diversitometer, an annual hiring benchmark that Private Equity Career News has produced since 2021. The results come almost a year after President Donald J. Trump ushered in an era of federal hostility to diversity, equity and inclusion efforts in both government and private settings.
Continue reading “PE Diversitometer: Percent of women hires drops to 27%”
Sterling Group seeks Dallas-based principal to generate deals for Foundation Fund
Mid-market PE shop The Sterling Group, known for promoting from within, and for its rapid pace of expansion, has opened a search for a Dallas-based principal of sourcing to find companies generating $10 million to $30 million of EBITDA.
Ex-ATL Partners co-founder looks to UBS to raise debut fund
Paul Teske, who co-founded buyout firm ATL Partners a decade ago, is raising a debut fund for a new firm he started last year—Swan Investment Partners.
A regulatory filing from earlier this month for the Swan Investment Partners Fund I LP lists investment bank UBS Securities as a sales compensation recipient. A fund target was not specified in the filing.
Big Moves: ArcLight Capital, Och-Ziff, L Catterton
Big Move! Nicole (Bisson) Jessey joins the Boston office of energy infrastructure investor ArcLight Capital as director of investor relations, according to her Linkedin profile. Jessey most recently served as a director at New York City-based alternative investment firm KKR & Co.
Ex-Carlyle, Highview, Resiliens execs lead trio of new firms
Former executives with Carlyle Group, Highview Capital and Resiliens Capital have separately started three private credit and private equity firms. News of their efforts marks a fitting coda to a two-year period that has seen a surge in new firm formation.
Matt Settle, a founding member of the Carlyle Credit Opportunities Fund, launched New York City-based Third Space Capital last fall. The firm appears to have been recently raising money for a debut fund.
Apollo-backed 25madison seeks $200M for debut
25madison is out seeking $200 million for its first buyout fund geared toward helping portfolio companies deploy artificial intelligence more effectively, a late November regulatory filing shows.
The New York City-based firm, which also has a Miami office, plans to make control investments in lower-middle-market businesses as part of its "AI transformation" buyouts strategy. The name of the partnership is 25Madison Propel Fund LP.
Big Moves: Alvarez & Marsal, Avante Capital, Cerberus
The following Big Move! items appeared in the December 12 edition of Private Equity Career News:
Big Move! Jacob Anderson advances to director, private equity M&A services in the Chicago office of consulting firm Alvarez & Marsal, according to his Linkedin profile. Anderson joined the firm in 2023 after serving as a senior associate-value creation at New York City tech buyout firm Siris Capital Group.
CalPERS deputy CIO of private markets steps down
Daniel Booth has stepped down as the deputy CIO of private markets at California Public Employees' Retirement System after nearly three years with the pension fund, a spokesperson confirmed. Meantime, the pension giant continues its search for a managing investment director of total fund portfolio management.