DePlatchett joined in 2008 Recently promoted to managing director Part of the senior-executive group of secondary fund Kristin DePlatchett, a StepStone Group research-team member who was promoted to managing director this year, has left the firm, a source with knowledge of the situation said. DePlatchett is no longer listed on StepStone’s website. She joined the firm in […]
PRIVATE EQUITY FIRMS Bridge Growth Partners named Randy L. Cowen to its technology advisory board. Cowen is a former global head of technology and operations, chief information officer and co-chief administrative officer at Goldman Sachs. CDIB Capital International hired two managing directors, Hamilton Tang and Yinghai Xie, in Hong Kong and Shanghai, respectively. CDIB also named Sandy Ng senior vice president in the investment and […]
Hartley Rogers, chairman of Hamilton Lane, talks about IPO How data is changing private equity The future of PE is ‘bigger, faster, cheaper’ Hartley Rogers is chairman and a member of the investment committee at Hamilton Lane. Why did you go public? Why now? We value our culture, client relationships and the services we’re able to […]
At an international private equity conference in Washington in May, speakers sounded the alarm about the twin challenges of rising populism and new technology reducing employment opportunities, especially in emerging economies. Europe must have an interest in the economic development of Africa, said one speaker at the IFC EMPEA Global Private Equity conference. Otherwise, the […]
73 pct of portfolio-company CEOs likely replaced during fund’s investment life cycle 78 pct said “pace of change” was biggest conflict between PE firms and CEOs A third of PE firms think CEOs should be available around the clock Private equity firms aren’t afraid to oust portfolio company CEOs who aren’t up to muster. In fact, […]
Hatch worked at HarbourVest since 2008 Focused on separate-account clients Will work on business development at GCM Grosvenor Aris Hatch, a managing director who focused on HarbourVest Partners’ separate-accounts business, has joined GCM Grosvenor. Hatch joined Chicago-based GCM Grosvenor in early May as a managing director working on business development, according to a person with knowledge […]
Jason Van Dussen traces his interest in finance back to a bargain bin in a Midwestern mall. Home from Michigan State, in a small town west of Grand Rapids called Nunica, Van Dussen went on a shopping trip with his mom. “They had paperback books for sale for a dollar,” he recalled, and one in […]
Ronen Lazar is co-founder and CEO of Inturn, a B2B software platform that helps retailers deal with excess inventory. Q: What’s the biggest problem for retail? Inventory is the largest expense for every retailer. For one, it’s an unpredictable demand. There’s changes in consumer-spending habits, weather. There’s always inventory that no retailer can project what they […]
Robert Lezec left earlier this year Jay Yook left last year Departures didn’t trigger key-man provisions in fund Two OpenGate Capital partners, Jay Yook and Robert Lezec, have left the firm, reducing the partner group to three, including Founder and Managing Partner Andrew Nikou. The departures did not trigger a key-man provision in OpenGate’s fund, spokesman […]
Greene formed Merrill Lynch PE fundraising group Hired many top names in industry today Considered ‘pioneer’ in PE fundraising Robert Johnston, founder and CEO of Beacon Hill Financial, remembers the meeting when he told Jerome Greene about his new business of raising capital for buyout funds. Johnston, one of the pioneers of the private equity […]