PRIVATE EQUITY FIRMS Adams Street Partners named John Amboian to the board, effective in March. He will succeed A. Bart Holaday, who is retiring. Amboian is non-executive chairman of Nuveen Investments. Cowen Group added Jeff Schiamberg and Theodore E. Tutun to Cowen and Co’s investment-banking team as managing directors. Schiamberg previously was a managing director in the consumer and retail group at RBC Capital Markets while […]
Aberdeen recently polled over 50 GPs about the medium-to-long-term impact of Brexit. Most of them said it won’t have a huge effect but they would wait and see. Very few … said they expected a positive effect. That’s since been borne out by levels of activity post-Brexit. There’s been a slight slowdown in private equity deal-making […]
Private capital firms employ around 163,000 people globally Managing GP/CEO at an LBO firm earns an average base salary of $574,221 47 pct of private capital firms increased firm-wide base salary between 2015 and 2016, Some 47 percent of private capital firms increased firm-wide base salaries between 2015 and 2016, a study from Preqin found. More than […]
Trump, GOP Congress good news for deregulation Dodd-Frank “could be nibbled on pretty severely,” says panelist Financial lobbyists likely to take “rifle-shot” approach to deregulation Donald Trump’s election as U.S. president is good news for financial-industry players looking to reverse regulations implemented after the global financial crisis, said panelists at IA Watch’s post-election regulatory conference […]
Heath Wilson is launching his newest business platform with more momentum than he did when he co-founded eVestment with Jim Minnick and Matt Crisp 16 years ago. “When we started the business we really didn’t have anything. We started with a group of consulting firms that wanted to standardize and become more efficient in how […]
PRIVATE EQUITY FIRMS Advent International hired James Buzzard as an operating partner. Buzzard is the former president of MeadWestvaco. Align Capital Partners: Joining ACP’s Cleveland office are Rick Costello, operating partner, Katie Noggle, director of business development, Matt Beesley, vice president, and Dustin Brode, associate. New hires in the Dallas office include Jonathan Vadiee and Kurt Smentek, associates, and Joey Delgado, executive assistant. […]
After running Seven Mile Capital Partners, you’re leading a new seven-member Ardian team that’s investing in North American middle-market companies. What are the roots of SMCP? In 2009, I took over as head of private equity and alternatives for Citi Holdings, the entity that Citi set up [to divest] non-core assets. I was overseeing the wind-down of […]
Firm: Aurora Capital Year Founded: 1991 Investment Strategy: Middle market private equity buyouts; debt and equity investing for Aurora Resurgence Key Executives: Gerry Parsky, John Mapes, Matt Laycock, Josh Klinefelter, Michael Marino, Steve Smith, Sean Ozbolt Office Location: Los Angeles Assets under management: $2 bln Fundraising status: Currently in the market with Fund V, according […]
Spain was previously MD, Corporate Communications & External Affairs at Koch Industries Spain joined CGCN in September to run their communications practice Spain spent four years at the Private Equity Council Ken Spain, the former spokesman for the American Investment Council (formerly the Private Equity Growth Capital Council), joined the GOP lobbying firm CGCN Group as a […]
Robert Grady being considered for Department of Interior, Energy Grady was appointed to State Investment Council by Chris Christie Resume includes role in Pres. George H.W. Bush’s administration Robert Grady, a partner at Gryphon Investors and the former New Jersey State Investment Council chairman, is being floated for a role on president-elect Donald Trump’s cabinet, according to […]