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 […]
Hamilton Lane teamed with tech company Bison on Cobalt LP Analytics platform uses firm’s market data Functionality includes due diligence, monitoring, forecasting Private equity has long been opaque, even to those select investors who have access to it. “Limited partners today are clamoring for more transparency,” said Griffith Norville, a principal focused on technology initiatives at […]
Employer-provided healthcare supports corporate wellness consolidation Frontier’s Viverae explores potential transactions PE firm eyes deals in RCM, cost-containment and tech supporting shift to value-based care Andrew Lindner is a co-founder and managing partner of Frontier Capital, where he helps lead the Charlotte, N.C., firm’s healthcare IT and vertical SaaS investment activities. Regardless of how the […]
PRIVATE EQUITY FIRMS Federated Investors hired Bill Taki as CEO of Federated Investors Asia Pacific. The investment manager also named Bill Mukai managing director and head of Asia-Pacific client relationships while Hun Pil Yoe becomes managing director for South Korea. Taki, Mukai and Yoe previously worked at Phoenix Global Capital Management. Gemspring Capital hired Aron Grossman as a principal. Grossman had been a principal at Rho […]
Johnson’s JLC Loop Capital Partners raised $1.3 bln in 2016 NBA great is president and CEO of Magic Johnson Enterprises Was on 5 Lakers championships; retired in 1991 Since Earvin “Magic” Johnson left basketball, his biggest challenge has been gaining acceptance from institutional capital. Johnson, a force on five championship teams with the National Basketball Association’s Los Angeles […]