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The following Big Move! items appeared in the February 13 edition of Private Equity Career News:
Big Move! Ketan Patel joins New York City-based buyout firm TZP Group as managing director and chief talent officer, according to his Linkedin profile. Patel most recently served as chief HR officer atLaborFirst.
Harrison Davis has left as partner at New York City-based buyout firm TZP Group to join mid-cap firm H.I.G Capital as a managing director for its Miami office. The move is one of several recent departures from prominent PE firms or investors.
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.
Fundraising and investor relations specialist Travis Escobedo has left buyout firm TZP Group to lead capital formation efforts at secondary buyer New 2ND Capital, making him at least the third senior executive to leave the firm in recent months.
Robert Schwartz, a partner at TZP Group for about six years, and an expert in retail and consumer brands, has moved to Cortec Group as a partner.
Schwartz is joining the New York City-based consumer and healthcare specialist a few months after it closed its eighth flagship fund at $3.2 billion. The firm he's leaving has raised at least $106.4 million for TZP Capital Partners IV LP fund, according to a regulatory filing from April 2024.