Clearlake Capital co-founders create new fund family, filings suggest

Clearlake Capital Co-Founders and Managing Partners José E. Feliciano (pictured) and Behdad Eghbali have been so successful at investing and fundraising that even a hint of plans to launch a new fund family would have investors swooning.

A hint is what we have, in the form of two regulatory filings filed for private equity funds a few weeks apart this winter, one for Icon Partners II LP and one for Icon Partners III LP. In September the firm filed a Form D for a fund called Icon Software Partners LP.

Log in to read more -->

Join Our Membership

This content is available to members only

Please visit our membership page if you would like to become a member and super-charge your career.

Become a Member

Women-owned Riveter Capital poised to close first deal; expects to hire junior pro by year-end

Women-owned start-up sponsor Riveter Capital by the end of the month expects to close on the purchase of a company in the women's health sector.

It would mark the first acquisition for the firm, founded by Colleen Gurda (pictured at right) and Sarah Abdel-Razek, who are pursuing an unusual strategy of acquiring lower-mid-market companies owned or led by women or minorities.

Riveter Capital's hiring plans are so far modest. Expect the firm, with one intern working remotely, to bring on a couple of more interns in the near term. Aptitude for financial modeling is desired, along with a strong work ethic, entrepreneurial spirit, and passion for hammering out investment theses.

Log in to read more -->

Join Our Membership

This content is available to members only

Please visit our membership page if you would like to become a member and super-charge your career.

Become a Member

Boyne Capital seeks VP/senior associate in Miami: Sponsored

The Company

Boyne Capital is a rapidly growing Florida-based private equity firm focused on investments in lower-middle-market companies. Founded over a decade ago, we have invested in over twenty platform and thirty add-on investments. We are actively deploying our second committed fund.

We are a collaborative organization committed to inclusivity, innovation, and above all, trust and respect. It’s what has made us so successful. We believe in a more human approach to investing, both in and out of the office.

We’ve built a firm that prizes the intrinsic value of the work and the people who work here, over the formalities and pretenses of the corporate world. We’re a team eager to foster growth and development—to recognize each other’s successes and promote from within. As a result, we’ve created an open and supportive workplace of hard-working, highly qualified professionals who care just as much about each other as we do our portfolio companies.

Continue reading “Boyne Capital seeks VP/senior associate in Miami: Sponsored”

UTIMCO spin-out seeks two junior professionals to help build fund-of-funds business

Cypress Creek Partners, a start-up money manager manned by three ex-colleagues of UTIMCO, has opened searches for two junior professionals to help pursue its strategy of backing and anchoring new managers of private equity, natural resources and infrastructure assets.

One of the open positions is for an investment analyst to work on fund commitments, co-investments and direct investments from the firm's Austin, Texas office. Responsibilities include managing the flow of investment opportunities, conducting market research, developing financial models and monitoring performance.

Log in to read more -->

Join Our Membership

This content is available to members only

Please visit our membership page if you would like to become a member and super-charge your career.

Become a Member

Fundraising Round-up: Leeds Equity hits $1.13 billion; Lightyear $466 million

Fundraising Round-up, Preview of March 17 Edition Private Equity Career News

**** Avance Investment Management, a spinout of Palladium Equity Partners with office in New York City and Miami, secures $425 million of the $500 million it seeks for a debut fund from 10 investors. PJT Partners is placement agent. For job opportunities try Managing Partner David Perez.

**** New York City-based secondary buyer Banner Ridge Partners heads out to raise Banner Ridge Secondary Fund IV (TE) LP, according to a regulatory filing. Managing Partner Anthony Cusano previously served as a managing director and portfolio manager of the secondary opportunity fund at Siguler Guff & Co.

Log in to read more -->

Join Our Membership

This content is available to members only

Please visit our membership page if you would like to become a member and super-charge your career.

Become a Member

Spin-out team from Riordan, Lewis & Haden sets up Los Angeles firm

Three ex-investment professionals of RLH Equity, formerly known as Riordan, Lewis & Haden, have set up a shop called Interlock Equity to back companies in the middle market.

The three co-founders and managing directors are Rob Zielinski, who left RLH Equity last spring after more than 16 years, most recently serving as general partner and managing director; Mike Orend, who left the the firm in January after nine years, most recently serving as managing director of business development; and Stefan Jensen, who left the firm in January after five and a half years, most recently serving as a principal.

Log in to read more -->

Join Our Membership

This content is available to members only

Please visit our membership page if you would like to become a member and super-charge your career.

Become a Member

The Riverside Company seeks partner for SaaS investment team: Sponsored

Prolific lower-mid-market investor The Riverside Company seeks a partner to join its Riverside Acceleration Capital team, which provides growth capital to B2B software companies. Here’s more about the position:

The Strategy: The Riverside Acceleration Capital team makes two kinds of investments in B2B software companies. RAC Royalty provides expansion capital in the form of non-dilutive, royalty investments. It backs companies that typically generate at least $2 million in recurring revenue from a software-as-a-service, or SaaS, business model. RAC Equity makes minority, preferred equity investments in larger, fast-growing SaaS companies generating revenue of $5 million to $50 million.

Continue reading “The Riverside Company seeks partner for SaaS investment team: Sponsored”

Ex-Golden Gate foursome emerges on the fundraising trail

Last spring at least five investment professionals left San Francisco-based buyout shop Golden Gate Capital--a much-noted exodus covered in this exclusive story by Private Equity Career News. Only one of the five at the time had publicly revealed a next career move.

Now the other four have reappeared on the fundraising trail as part of a new firm called Percheron Capital. They are Co-Founders and Managing Directors Chris Collins and Chris Lawler, along with Principals Terence Kwan and Katie Misch.

Log in to read more -->

Join Our Membership

This content is available to members only

Please visit our membership page if you would like to become a member and super-charge your career.

Become a Member

RCP Advisors seeks portfolio manager for first DEI fund

Chicago funds-of-funds manager RCP Advisors has launched a search for a portfolio manager to take the reins of a debut pool earmarked for "diverse" private equity and growth equity funds, which typically includes ones raised by women, minorities or veterans.

The portfolio manager will have a variety of responsibilities, including pitching in on fundraising, according to the recruitment ad. Additional duties include sourcing fund managers, developing relationships with them, conducting due diligence, and training and mentoring junior professionals.

Log in to read more -->

Join Our Membership

This content is available to members only

Please visit our membership page if you would like to become a member and super-charge your career.

Become a Member

Ex-Advent, Centerbridge, KKR execs build new firm

The outlook for start-up private equity shops remains bright, and Cross Rapids Capital LP is attempting to make its mark in middle-market private equity and special situations deals.

The New York City-based firm, with an appetite for industrial and services companies, has brought aboard Benjamin Gaw Jr as partner and head of portfolio operations. Gaw most recently served as senior director of portfolio operations at Boston-based buyout giant Advent International, according to his Linkedin profile; before that he served as senior vice president and head of Asia portfolio operations at Los Angeles-based Platinum Equity.

Log in to read more -->

Join Our Membership

This content is available to members only

Please visit our membership page if you would like to become a member and super-charge your career.

Become a Member