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.

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