Ex-William Blair, Twin Bridge executives raise second fund of funds

What started as a small, pass-the-hat-around fund of funds open to friends and colleagues of investment banking executive Brett Paschke (pictured) has led to the launch of a money manager and a far more substantial successor fund. Expect the firm to hire an analyst or two over the next 12 months.

Lake-Forest, Illinois-based WinForest Partners is close to reaching its $105 million hard cap for WinForest Fund II LP. Joe Dimberio, a long-time fund-of-funds executive who signed on as partner in August, said that the fund launched in the early fall with a target of $75 million. He expects to hold a final close next month.

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Siris Capital, Gauge Capital hire talent managers as trend builds steam

Two more private equity shops, Siris Capital and Gauge Capital, have brought aboard full-time talent management executives. It's part of a hiring trend that shows no sign of ebbing.

In a story last year on how the chief talent officer role was becoming a mainstay of payrolls, Private Equity Career News identified more than a dozen firms, including Alpine InvestorsBlue Wolf Capital, and Charlesbank Capital Partners, that have them on staff. Helping portfolio companies conduct executive searches is typically a big part of the job; so can be executive coaching, on-boarding and other activities. Some chief talent officers also conduct internal searches for talent.

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