Douglas Haber steps down as managing director at Thomas H. Lee Partners

Douglas Haber has stepped down as managing director at Thomas H. Lee Partners, the Boston buyout shop that has raised more than $25 billion since its 1974 founding and backed more than 150 companies.

Since joining in 2006 Haber has served as a director of 8th Avenue Food and Provisions, 1-800 Contacts, Bargain Hunt, CTI Foods, Fogo de Chão, Give and Go Prepared Foods Corp. and Party City. Haber earlier served in the industrials and natural resources group at investment bank Goldman Sachs & Co, where he was an analyst  for two years, according to his LinkedIn profile.

 

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Apollo hires ex-WeWork Exec as MD, Human Capital Transformation

Tom Osmond has taken on the role of managing director, human capital transformation at Apollo Global Management, the buyout and credit investment giant whose co-founder Leon Black stepped down as chairman and CEO under a cloud earlier this year.

Osmond is no stranger to controversy at the top of organizations. He most recently served as chief operating officer of the people team and head of total reward at WeWork, which he joined in April 2019. Co-founder Adam Neumann stepped down as CEO of the office-space provider a few months later while remaining non-executive chairman. The firm had recently postponed an intended IPO after reports of growing losses and shaky governance practices.

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San Francisco Employees’ seeks senior portfolio manager-private equity

The San Francisco Employees' Retirement System, steward to a $27 billion-plus pension fund serving more than 70,000 active and retired city and county employees, has an opening for a senior portfolio manager for its private equity portfolio.

In this role you'll source and evaluate both funds and co-investments; write up recommendations; negotiate partnership terms and conditions; and monitor performance. You'll need at least six years of investment experience working for a money manager or institutional investor, or the equivalent.

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Fast-growing Borgman Capital seeks BD pros to open offices

Borgman Capital, an independent sponsor with committed capital and a hankering for lower-mid-market acquisitions, plans to hire full-time deal originators located in secondary markets to drum up proprietary deal flow.

The roughly 10-person firm wants to hire "experienced deal origination professionals to launch new offices around the country," according to the recruitment ad. "Candidates must have a strong network and track record of successfully sourcing direct lower-middle-market deals." The successful candidate would join the firm at the director or managing director level.

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Sun Capital taps Susan Clark as MD and head of technology value creation: Updated

Susan Clark has joined turnaround specialist Sun Capital Partners as managing director and head of technology value creation.

Clark (pictured) previously served as a general partner-portfolio operations for late-stage venture investor TCV. According to her team page bio, "Susan was responsible for standing up the firm’s advisory and operating organization to drive value across the portfolio."

Clark was unavailable to talk for this article, but in a Linkedin comment wrote that she was "incredibly excited to partner with Elizabeth de Saint-Aignan in growing our tech portfolio." de Saint-Aignan joined Sun Capital last November as managing director and head of a new technology investment program at the firm.

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The Sterling Group is hiring an associate, commercial diligence and strategy: Sponsored

Mid-market private equity firm The Sterling Group, steward to such companies as Bad Boy Mowers and Frontline Road Safety, seeks to hire an associate to join its commercial diligence and strategy group.

The Firm: Founded in 1982, Houston, Texas-based The Sterling Group invests in mid-market manufacturing, distribution and industrial services businesses. It is known for its hands-on approach to improving operations at its portfolio companies. The firm closed on its fifth investment fund last year, which was oversubscribed at $2 billion.

The Role: Working closely with the deal team, you’ll be responsible for commercial diligence and strategy work on prospective acquisitions. This includes the evaluation of market growth, competitive landscape, and supplier dynamics. You’ll also pitch in on developing themes for adding value to existing portfolio companies, as well as preparing them for exit. In this two-year role you’ll receive a well-rounded apprenticeship.

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MiddleGround Capital, close to announcing another $1 billion raised, seeks a director/VP of investor relations 

MiddleGround Capital, one of the most successful fundraisers among emerging managers founded in the last few years, seeks a director/VP of investor relations.

The firm closed a debut fund earmarked for acquisitions of industrial, manufacturing and specialty distribution companies at $459.5 million about two years ago. It followed up by securing $736 million for a second pool of capital across three funds earlier this year, thanks in part to a nearly 100 percent re-up rate, said VP of Human Capital Kristen Baily.

The firm has yet to announce a final close of the pool, expected to be in the $1 billion range. Baily added that, along with capital-raising for funds, the firm has a constant need to bring in co-investors into its deals.

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Pioneering LFE Capital seeks mid-level pro to join for fourth fund

LFE Capital, one of the earliest women-founded PE fund managers, seeks to hire a mid-level deal professional to help invest a fourth growth equity fund in the market with a $125 million target. Later this year the firm also may look to bring on a junior professional.

To qualify for the mid-level position you'll need at least three to five years of experience in private equity or equivalent and a positive, empathetic way of communicating with business owners, investors and others, said Founder and Managing Partner Leslie Frécon (pictured).

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Introducing the Guide to Private Equity Compensation

You know how valuable it can be to benchmark your compensation against your peers!

PrivateEquityCareer.com, the membership service of Private Equity Career News, has just introduced the first edition of its Guide to Private Equity Compensation. It’s based on a survey of 155 private equity professionals conducted this spring, along with data from other published sources.

Available to Gold-level and Talent Pro members, the guide includes the following:

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NAIC poised to launch boot camp for women raising debut funds

Many associations try to attract new members. The National Association of Investment Companies is determined to help create them.

This fall the 51-year-old association, which counts some 130 minority-owned and women-owned managers of alternative assets as members, plans to offer 15 to 20 women-founded firms a leg-up in raising their maiden funds.

The new boot camp marks the third and culminating component of the "in, up and beyond" strategy that Carmen Ortiz-McGhee, chief operating officer, helped formulate for the "Women in Alternatives Initiative" after joining two and a half years ago.

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