Jason Roswig, until last year president and CFO at mobile games platform Skillz Inc. and before that managing director at Blackstone Group, has teamed up with Richard Jones, previously partner and rainmaker at family office Jones Boys Ventures, to acquire and invest in lower-middle-market companies.
Tag: Blackstone Group
Audax joins other firms seeking to hire restructuring professionals
It may be a good time to brush up on your restructuring and turnaround skills.
Boston-based Audax Group, for example, has opened a search for a restructuring professional to help manage underperforming credits.
The role isn’t a new one. Nor is it part of a new investment strategy for the firm's credit arm, Audax Private Debt, according to a source familiar with the firm. The new hire would join an established workout team focused on monitoring portfolio companies for credit risk and on capital preservation.
Carlyle taps new diversity head, modifies website language
With its portfolio of aerospace, defense and government portfolio companies and close ties to government, few PE firms have as much to lose as Washington-based Carlyle Group by antagonizing the anti-DEI administration of President Donald Trump.
Yet late last year Carlyle Group promoted then-DEI Vice President ‘Iolani Bullock to head of diversity and inclusion. Bullock joined in 2020 as an associate vice president of DEI, after working at Georgetown University’s McDonough School of Business as director of MBA admissions, diversity & inclusion and partnerships.
Exclusive: Former Blackstone investment pros launch PE firm
Former Blackstone Group investors Isaac Harrouche and Mike Berlin have teamed up to launch their own firm and to raise a debut fund with backing from the Blackstone executive who launched and led their division. It's one of several debut funds in the market that promise to lead to job creation in the months ahead.
Former Blackstone, Goldman Sachs execs to invest in food, hospitality
With 18 or more years of experience each at Blackstone Group, Goldman Sachs and a restructuring advisor called Mackinac Partners, a trio of executives has teamed up to sponsor consolidations in food, beverage and hospitality.
Nathaniel Bristol, Nishant Machado and William Sirignano, founders of New York City-based Elevare Capital Partners, plan to focus on “multiple expansion, EBITDA growth, improved business resiliency, and competitive positioning in the lower middle market,” according to the company Web site. The founders could not be reached for comment as of press time.
Big Moves: Probitas Partners, Carlyle Group, Blackstone Group
The folllowing Big Move! items appeared in the February 23 edition of Private Equity Career News:
Parsram Dhanraj joins the New York City office of placement agent Probitas Partners as a managing director, according to his Linkedin profile. Dhanraj previously served as a managing director at Investcorp.
Big Moves: CalSTRS, Berenson, AEA Investors
The following Big Move! items appeared in the January 12 free edition of Private Equity Career News.
Chistopher Ailman said he plans to retire on June 30 as chief investment officer of the California State Teachers' Retirement System. Ailman has served as CIO since October 2000, when the pension fund was valued at $109.6 billion. As of November 30 it was valued at $317.8 billion, thanks in part to strong performance by its private equity portfolio. Ailman's departure continues a string of retirements and departures by leaders of large pensions, according to earlier reporting by Private Equity Career News. Ailman plans to focus his attention on clean energy in the next phase of his career, according to Pensions & Investments.
Big Moves: PSERS, Audax Private Equity, Blackstone
The following briefs rans as Big Move! items in the January 5 free edition of Private Equity Career News:
Tony Meadows, until December a private equity portfolio manager at Pennsylvania Public School Employees' Retirement System, has joined Columbus, Ohio based firm Sinefine as a partner, according to his Linkedin profile. Sinefine (pronounced See Nay Fee Nay) was launched in April 2022 by Managing Partner Yasmine Lacaillade to help women-led venture capital firms get off the ground. The firm has five employees listed on its team page.
Big Moves: New Mountain, Iconiq capital, SBJ Capital, Blackstone
The following “Big Move” items appeared in the June 30 free edition of Private Equity Career News. To get all of our Big Move! items make sure to become a member.
Tushar Bindal joins New York City-based buyout firm New Mountain Capital as a vice president-structured credit, according to his Linkedin profile. Bindal previously served as a vice president at Goldman Sachs.
Continue reading “Big Moves: New Mountain, Iconiq capital, SBJ Capital, Blackstone”
Ex-KKR, Siris, Blackstone pros join semiconductor funding program
A new government program aimed at bolstering U.S. semiconductor manufacturing is quietly drawing talent from the private equity ranks.