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Talent executive Annmarie Neal has retired as a partner at Hellman & Friedman to become chief people officer at software company Zendesk, acquired in 2022 by Hellman & Friedman and London buyout firm Permira.
Neal spent just over 10 years with the buyout firm. Her time there coincided with a surge of interest by PE executives in working more closely with their management teams on hiring and executive coaching. The ultimate aim: to increase the valuations of their companies at exit time.
Perhaps it was inevitable. PE firms have put so much emphasis on building up their consulting arms, portfolio support groups and operational expertise that in some cases their executives are moving to non-investment companies.
Partner Deepak Advani has left buyout shop Hellman & Friedman, the latest in a series of software executives departing PE firms recently.
Advani, one of 21 partners at the firm, leaves shortly after the firm held a final close of $22 billion for its eleventh flagship fund, Hellman & Friedman Capital Partners XI LP, according to press reports this spring.
Suzanne Kim has stepped down as managing director of investor relations at fundraising powerhouse Hellman & Friedman to join a crypto-focused venture capital firm, Haun Ventures, founded in 2021.
Hellman & Friedman has hired Julia Kaufman as chief people officer to take charge of the firm's talent programs, according to her Linkedin profile. It appears to be a new position for the buyout firm, which manages more than $85 billion in AUM from offices in San Francisco, New York City and London.
One of the industry's highest-ranking women, Roanne Daniels, has stepped down as partner at Hellman & Friedman as the firm reports having raised more than $23 billion for its tenth fund.
Her next career move will be eyed carefully. Few women have climbed to the senior ranks of buyout shops, particularly in dealmaking and portfolio operations roles. At the same time, women are in high demand in a heavily patriarchal industry under pressure from investors to do more to advance their careers.
Gary Bischoping has stepped down as CFO at fintech company Finastra to join buyout shop Hellman & Friedman as a partner responsible for improving the financial operations of portfolio companies.
Bischoping brings a background in innovative financial technologies to Hellman & Friedman and will lead the finance center of excellence at the firm. His primary responsibility will be “to help H&F drive value by improving the effectiveness of the Finance organizations of the Firm’s portfolio companies,” according to the firm’s team page.