Internship programs pay dividends for Charlesbank, Stone Point

One day PE recruiters may start giving presentations in maternity wards.

Maybe not. But the trend to get in front of promising candidates earlier and earlier shows no sign of easing, as college internship programs at PE firms Charlesbank Capital Partners, Nautic Partners and Stone Point Capital and funds-of-funds manager Twin Bridge Capital Partners become a fruitful pipeline for filling their junior analyst ranks.

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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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Ex-Twin Bridge exec launches Madison Square Management

Darren Pearl has stepped down as principal and head of investor relations at Chicago money manager Twin Bridge Capital Partners to launch his own limited liability company.

Pearl (pictured) describes himself as the owner of Madison Square Management on his Linkedin profile. It’s not clear what business the firm is in, and Pearl declined to comment for this article.

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Big Moves! Future Fund, Golub Capital, Twin Bridge, High Post Capital

The following select “Big Move” items appeared in the August 25 edition of Private Equity Career News. To get all of our Big Move! items make sure to become a member.

Big Move! Ben Samild is tapped to serve as chief investment officer of Future Fund, a Melbourne, Australia-based sovereign wealth fund, according to his Linkedin profile. Samild joined the organization in 2013 after serving as head of investment strategy at LUCRF Super.

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