Miami-based technology investor New Private Equity, launched in 2023 by ex-executives of AlixPartners and Hg, is recruiting its first class of founding associates.
The new hires will “work side by side with both founders on every deal,” according to a LinkedIn post made last month by Co-Founder Francesco Barosi. “You’ll be helping build a firm, not just joining one.”
Founding associates would join a team making equity investments of $50 million to $300 million to acquire B2B software and tech-enabled services companies. To qualify they need two to four years of banking, private equity or consulting experience. Candidates should have a curiosity for data, AI, commercial strategy and value creation, Barosi noted in his post.
Private Equity Career News was unable to talk with the co-founders of NPE by press time to learn more about the jobs and about how they’re financing their early deals.
The Co-Founders: Managing Partner Barosi worked at New York City-based consulting firm AlixPartners for 21 years, starting in 2003; his titles there included global head of the technology, media and telecommunications group. Managing Partner Gero Wittemann worked at London-based tech and services investor Hg from 2018 to 2022. While there he co-headed its North America business from his base in New York City. He earlier served as a managing director at Luxembourg-based buyout giant CVC Capital Partners, where he worked for 14 years and helped with its North America expansion.
The Team: NPE’s crew includes two other Hg alumni. Managing Director Suruchi Mehta previously served as a principal and North America founding team member at Hg. In a recent post about the firm’s associate search, Mehta observed how conversations matter with a small team: “The ideas you bring on a Tuesday show up in how we operate by Thursday.” Vice President Henry Sallembienserved as an investment professional at Hg, where he was involved in investments in companies that include fund administrator Gen II Fund Services, financial management specialist Prophix, and manufacturing software provider Revalize.