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The following Big Move! items appeared in the September 25 free edition of Private Equity Career News:
Big Move! Paul Kwon joins the New York City office of LDS Investments, which makes co-investments and fund commitments in the lower middle market. Kwon most recently served as a principal at New York City-based money manager 747 Capital.
Two new private equity firms are out seeking deals, one targeting early-stage software companies, the other late-stage, and both having their sights set on raising debut funds.
Boston-based early-stage venture firm Tremont was co-founded last year by General Partners Chris Gaertner and Tom Holahan along with Operating Partner Kyle Poyar. The trio held similar positions at Boston-based OpenView Capital, an expansion-stage venture firm that raised a seventh flagship fund of $570 million in 2023. A Forbes article later that year noted OpenView Capital suspended new investments after the departures of two partners, Mackey Craven and Ricky Pelletier.
The following Big Move! items appeared in the April 25 free edition of Private Equity Career News:
Big Move! Elena DeVoe joins New York City-based buyout firm Athena Capital as a director to work on investor relations and business development, according to her Linkedin profile. DeVoe most recently worked in the private funds group of investment bank UBS.
Big Move! Jack Gordon joins the Chicago office of software buyout shop Vista Equity Partners as vice president-capital and partner solutions, according to his Linkedin profile. Gordon most recently served as vice president-business development at money manager Hamilton Lane.
Emerging managers have generated tremendous profits for California Public Employees’ Retirement System, amply justifying the pension fund’s recent faith in them, an analysis by Private Equity Career News shows.
An analysis of 54 PE emerging managers backed from roughly 2007 to 2018 on behalf of the $504 billion pension fund by money manager GCM Grosvenor shows they generated a median net IRR of 14.5 percent as of September 30. All told, GCM Grosvenor committed $895 million to the bunch.
Continue reading “Gemspring, Peak Rock show why CalPERS loves emerging managers”
The New Jersey Division of Investment is hiring a diversity and inclusion investment officer, a position opening up just a few weeks after the U.S. Supreme Court’s affirmative action decision raised questions about the legality of corporate DEI efforts.