JMI Equity partner, software expert steps down after 14 years

Sureel Sheth, a general partner at software investor JMI Equity and an expert in digital health, life sciences, legal and human capital management technologies, left the firm last week.

The departure comes just over a year after the firm announced the closing of its eleventh flagship fund at $2.4 billion.

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Big Moves: Gold Leaf Farming, Patria Investments, The Riverside Company

The following Big Move! items appeared in the May 3 free edition of Private Equity Career News.

Alice Catalano (pictured) joins Modesto, California-based farmland investment company Gold Leaf Farming as head of investor relations and capital formation, according to her Linkedin profile. Catalano most recently served as managing director of investor relations at AmCap Incorporated.

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Ex-Thompson Street, Audax execs launch buy-and-build shop

Former managing directors at Thompson Street Capital Partners and Audax Private Equity have launched Agellus Capital to pursue consolidations in the lower middle market.

Managing Partners Jeff Aiello and Beau Thomas announced the co-founding of the St. Louis, Missouri-based firm yesterday on Linkedin. In their respective Linkedin posts both Aiello and Thomas referred to each other as good friends and noted they were former colleagues at Audax Private Equity. We were unable to reach them by press-time for comment on any fundraising or hiring plans.

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Ex-credit heads at Capital Dynamics launch their own firm

Jens Ernberg and Thomas Hall, previously co-heads of private credit at Swiss money manager Capital Dynamics, have left to start their own private credit shop targeting the lower middle market.

New York City-based Camberline Capital Management LLC plans to invest across capital structures of companies operating in a variety of industries, according to a Linkedin post by Founder and Managing Partner Hall. The pair appear to have left on good terms with Zug, Switzerland-based Capital Dynamics, which manages or advises on more than $14 billion in assets.

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Summit, TPG, others expected to market funds this year

Several private debt and equity firms, including AS Birch Grove, FSN Capital Partners, Summit Partners and TPG, are expected to be in the market with new funds this year.

Look for fundraises from, among others, private debt fund Ascribe Opportunities Fund V, European mid-market fund FSN Capital VII, Summit Partners Growth Equity Fund XII; and growth equity fund TPG Tech Adjacencies III LP.

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Cornell Capital loses a portion of its senior investment team

Three managing directors appear to have recently left buyout firm Cornell Capital, which manages some $6 billion and employs roughy 40 professionals in offices in New York City and Hong Kong.

Investors Charles Buaron, Jesse Lucco and Jun Wang no longer worked at the firm as of early April, according to a receptionist there. The three appeared on the firm’s team page as of last November, along with six other managing directors. But their bios have since been removed.

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