PRIVATE EQUITY FIRMS Actis named Carlton Byrd a director in its investor development group. Byrd previously was a managing director at Commonfund. BelHealth Investment Partners, the healthcare-focused private equity firm, named Scott Lee a managing director. Lee is a former principal at HealthEdge Investment Partners. Bridge Growth Partners appointed Joseph M. Tucci chairman. Tucci is the former chairman and CEO of EMC Corp and former chairman of VMWare. Cortec […]
Back when he was an M&A attorney, Paul Koenig had a client who volunteered to serve as shareholder representative. It’s a role that’s often difficult to fill, requiring years of work and potential headaches. “He originally asked, ‘Can your law firm do it?’” Koenig said. “And for a whole host of reasons, a law firm […]
What’s your outlook for healthcare deal-making in PE as the U.S. elections approach? Much of the risk of the election is already priced into the market. In our corner of the healthcare arena (commercial-stage companies that may not yet be cash-flow positive), comments made around drug prices have already made headlines and impacted valuations for companies […]
Schuppan joined Cressey in 1999 as an associate Cressey’s fifth fund raised $615 mln in 2014 Cressey makes control investments in healthcare companies David Schuppan has left Cressey & Co after nearly 18 years. In a Sept. 9 email to “friends and colleagues” that announced his departure, Schuppan did not disclose why he “decided to step away” from […]
Peter Landauer worked at University of Florida Investment Jeffrey Moy joins from Central Park Group Team at Harken Capital grows to six from four Harken Capital Securities hired two managing directors to help expand its efforts as a placement agent for lower-middle-market firms as well as secondary and restructuring transactions. Don Nelson, co-founder and managing director […]
Choi joined Howard Hughes Medical Institute in October Worked at Cliffwater since 2012 Succeeds DeNinno, who moved into managing director role Joon Choi has left consulting firm Cliffwater LLC to join Howard Hughes Medical Institute as a director of private investments, according to a person with knowledge of the situation. Choi has added the new role to her LinkedIn profile, which suggests she started this […]
Gull will miss the deal ‘hunt,’ ‘high caliber’ people Succeeded by Jeffrey Akers Reflects on ever-evolving market Ask dealmakers who are leaving the business what they’ll miss most, and they’ll sometimes tell you that it’s the thrill of the hunt. It’s an apt metaphor for the kind of business that pits intelligent, aggressive people against each […]
All the debating and lobbying and sweating about whether one day buyout professionals will have to pay regular income taxes, not capital gains, on their profit share sometimes obscures two human-resources-related truths. One, firms have been hiring at a fast clip. And two, already-generous compensation packages have been racing skyward across the industry. Ample evidence for these developments […]
Bourgeois worked at APC since 2012 Elkhatib has been at Credit Suisse since 2006 APC stays busy on fundraising front Mark Bourgeois, president and chief executive of placement agency Atlantic-Pacific Capital, is leaving the firm to take a position at Abraaj Group, people with knowledge of the situation told Buyouts. Atlantic-Pacific Capital named Raed Elkhatib, a managing […]
Rudgers joined Lazard in 2008 Formerly worked at Lehman, Wachovia Securities Unclear why he left the bank Daniel Rudgers, a managing director in Lazard’s private capital advisory group, left the firm, according to people with knowledge of the situation. Rudgers left quietly around the first quarter, one of the people said. It’s unclear why he left and whether Lazard […]