Karl Schade stepped down from Presidio Group in March Schade to launch SF office, staff for Star Mountain Presidio, Star Mountain both investors in National Health Finance Star Mountain Capital hired former Presidio Group CEO Karl Schade as its newest senior partner. Schade’s background includes stints as a dealmaker at firms like Blum Capital Partners, Silver […]
1. You just helped wrap up fundraising for Riverside Micro-Cap Fund IV with $650 million in commitments, ahead of the $500 million target. Any new team members for this fund? A: Today we have 40 team members on the microcap fund, split roughly down the middle between transactors and operators. On the transacting side, we’re […]
Backstop Solutions Group only recently expanded its cloud-based portfolio monitoring software into private equity, but according to Adam Pinkert, that’s the optimal application for the product. “A hedge fund, they buy or short a stock, then they just monitor it,” Pinkert said. On a private equity investment there could be consultants, lenders, maybe new management. […]
Dan Townsend left Top Tier recently Led secondaries, co-investments at the firm Why Townsend left and his plans are unclear Dan Townsend, managing director at Top Tier Capital Partners, has left the firm, according to a person with knowledge of the situation. Townsend is no longer listed on Top Tier’s website. An email to his Top […]
Jeff-Baehr-led RueOne launched this year Online platform offers investors “a la carte” direct, co-investment stakes RBS vet Stephen Frangione tapped as COO Dyal Capital Partners Founder and Managing Director Jeffry Brown has left the firm, according to Neuberger Berman spokesman Alex Samuelson. Brown’s departure, which his LinkedIn profile says occurred in September, was part of a phasing out and […]
Andrew Ward resigned Friday: sources Not clear why dealmaker left Riverstone has been in market with sixth flagship fund Andrew Ward, a senior dealmaker at Riverstone Holdings, has left the firm, according to people with knowledge of the situation. Why Ward left is unclear. Ward, who was a partner, resigned Sept. 30, the sources said. Jeffrey […]
CFO John Sinatra left earlier this year Controller Andy Goscinski named CFO VSS in market with third Structured Capital fund John Sinatra, longtime chief financial officer at Veronis Suhler Stevenson, quietly retired earlier this year, Managing Partner Jeff Stevenson confirmed to Buyouts. Sinatra had been with VSS since 1996, according to his Bloomberg profile. Exactly […]
PRIVATE EQUITY FIRMS Adams Street Partners beefed up its private-credit team with four new additions. Joining are Frederick Chung as a principal, Thomas Petty as a senior associate and Michael Allen and Emily Shiau as associates. Previously, Chung was a vice president at Goldman Sachs, Petty was an associate at Morgan Stanley and Allen and Shiau were analysts at J.P. […]
What does ACA do and how do you interact with the PE community? Our primary interaction with the private equity space is providing regulatory-compliance consulting on both the Investment Advisors Act and Investment Company Act — for folks that have [business-development companies. We work with] broker/dealers as well, so FINRA and SEC guidance. We have a cybersecurity and risk-assessment […]
While U.S. private equity firms are a growing presence in Canada’s mid-market, not that many have taken the step of opening a local office to source deals and keep tabs on portfolio companies. One of the few is Swander Pace Capital (SPC), a specialist in buyouts of lower mid-market consumer products companies. SPC opened a Toronto office seven years ago and hired Principal Valerie Scott to run it. PE Hub Canada sat down with Managing Director Andrew Richards and Scott to talk about SPC’s Canadian investment strategy, deals and the recent close of its sixth fund.