The PE Shift: Leadership Transitions in Private Equity
Private Equity and Private Credit Leaders on the Move
The last 4 years have been transformational across many
industries and arguably, none more so than Private Equity. After a Global
Pandemic, we saw extensive deal activity followed by a sharp decline as increased
inflation resulted in quick fire interest rate increases. This in turn has impacted
how PE firms find and create value.
The role of the Operating Partner has come into strong focus as these changing macro economic factors have led to a shift in thinking across the value creation playbook and creative minds are put to work to help support portfolio company leadership. With deal flow slowing, PE firms have pushed to bring in proven operators (both generalists and former C-Level executives) to drive the most out of their portfolio. While none of this is new, there has been a sharp uptick in the movement of Operating Partners between firms recently.
Another big growth area over the last couple of years has been within Private Credit Sector. With traditional banks struggling to meet rising demand from corporate borrowers (driven by stricter lending rules), firms have stepped into the breach resulting in significant hiring spree across the sector.
Last but not least, business development leaders at PE firms are becoming more and more active as deal flow continues to stall.
Our executive search team at B. Riley Farber brings you the
latest insights on this and more as we showcase some of the top executives in
the Private Equity Industry making moves.
Marcus Meyer has been hired as a Managing Director at Gridiron Capital and joins from Apogem Capital, formerly Madison Capital, where he was a member of executive leadership and the private credit management teams.
Matthew Dubioso has moved to Revelstoke from New Mountain Capital, where he served as a Managing Director focused on making investments in the Healthcare Industry.
Tom Gillis has joined Ares Management as a Managing Director. This follows the acquisition of Riverside Credit Solutions by Ares, announced earlier this month.
Dan Lee has joined Garnett Station Partners as Partner. Prior to joining GSP, Dan was a Partner and Co-Head of Consumer & Retail at Comvest Credit Partners.
Anthony Marino joins L Catterton as a Managing Partner. Mr. Marino previously served as President of Digital Resale Marketplace ThredUp and as CEO of Virgin Hotels Group among other roles.
Terry Robinson has moved to Centerbridge Partners where he serves as a Managing Director. Terry previously was a SMD at Varagon Capital Partners.
Joshua Tamaroff has been hired by Flexpoint Ford where he serves as a Managing Director focused on making Healthcare Investments.
Austin Heiman joins Coalesce Capital as a Managing Director, making the move from Abry Partners.
Zach Bahor has joined Kohlberg as Managing Director, Credit and Capital Markets. Prior to joining the Firm, Mr. Bahor was a Managing Director at Stone Point Capital.
Dave Dobies has been promoted to Partner at Ares Management Corporation, after serving as a Principal at Cove Hill Partners.
Patrick LaValley has accepted the role of Managing Director at RedBird Capital Partners, having previously been a Principal at Crestview.
Alan Cohol has become a Partner at Granite Bridge Partners, having previously been a Vice President at Morgan Stanley.
Rick Brubaker has transitioned to Managing Director at BDT & MSD Partners, previously working as a Partner at Kinetic Partners.
Laura Grattan has accepted the position of Partner at HG, after serving as a Managing Director at Crosspoint Capital Partners.
Jimmy Miele has stepped into the role of Managing Director at General Atlantic, after serving as Director at KKR.
Caroline McGeough has moved into the position of Managing Director at Blackrock, following her time as Co-Founder of Wavelength Infrastructure.
Gregory Baecher is now a Partner at Arctos, having formerly held the position of Managing Director at Warburg Pincus.
Adam Klein has joined Paine Schwartz Partners as Managing Director, after serving as Partner & Head of Climate Strategies at Crestview Partners.
Joseph Cuccia Jr. has transitioned to Managing Director at Apollo Global Management, having previously served as Chief Operations Officer at ATLAS SP Partners.
Thomas G DeFranco is now a Managing Director at Bp Energy Partners, after serving as Managing Partner at Thomas G DeFranco Co.
James Chiu has moved into the role of Managing Director at Ara Partners, following his previous position as VP, Strategy and Execution at Pilot J.
Jeffrey Foote has been promoted to Partner at Sheridan Capital Partners, after working as an Investment Professional at Aquiline.
Jacob Greenberg has joined Sheridan Capital Partners as a Partner, transitioning from his role as an Investment Professional at Aquiline.
Matthew Hoehn is now Managing Director at Blackstone, after serving as Head of Investment Management at TIFF Investment Management.
Cole
Schietinger is now a Principal at Towerbrook Capital Partners LP,
after serving as Vice President at Energy Capital Partners.
Alex
Haas has joined Apollo Global Management as a Principal,
following his role as Vice President at Mesa West Capital.
Connie
Heil is now a Principal at Arsenal Capital Partners, having
held the same title at Centerbridge.
Chloe
Baker has been promoted to Principal at Cinven, after
working as a Senior Associate at Advent International.
Nathaniel
Bacon has taken on the role of Principal at Century Park
Capital Partners, after serving in the same capacity at P4G Capital Management.
David
Cohen is now a Principal at Apollo Global Management, after
working as a Principal at Davidson Kempner.
Greg Hunt has joined Apollo Global Management as a Principal, following his work as a Principal at KKR.
Zach
Goodman has transitioned to Principal at TA Associates, after
holding the same title at Cove Hill Partners.
Nipun Dua continues in his role as Principal at
Ares Management Corporation, having transitioned from the same position at
Acquarian Holdings.
Chris
Sun has become a Principal at Bain Capital, after working
as a Principal at Apollo Global Management.
Bismah
Rahmat now holds the title of
Principal at Blackstone, following her role as Vice President at The Carlyle
Group.
Isaiah
Sullivan has taken on the role of
Principal at Crestview Partners, having previously been a Principal at Wind
Point Partners.
Matthew
Dunn has accepted the role of
Principal at Ara Partners, following his position as Head of M&A at Pilot
Flying J.
Darrell
Hanks has moved into the role of
Private Equity Principal at KKR, after completing his MBA at Wharton.
David
Barmish has taken on the position
of Principal at KKR, following his previous role as Associate Director at Varde
Partners.
Nick
Deale has assumed the position
of Principal at Blackstone, following his time as a VP at Cove Hill.
Maury
Bardovi has joined Blackstone as a
Principal, having previously been a VP at Harvest Partners.
Catherine
Lillis has started as a Principal
at Clayton Dubilier & Rice, after earning her MBA from Harvard.
Nim
Sukumar has joined Apollo Global
Management as a Principal, after serving as an Executive Director at Goldman
Sachs.
Bob Zeeb has also joined Wynnchurch Capital as a
Managing Director. Previously Bob was Vice President of Operations at Premier
Forge Group.
Mike Longman has joined Partners Group. Mike
previously was President of Eaton, Critical Power & Digital Infrastructure.
Dori Konig moves to TSG Consumer Partners. Dori
was previously a Managing Director at Platinum Equity where he led the East
Coast Operations Team.
Adam Rimmer has joined Wynnchurch Capital as a Managing Director, making the move from Truelink Capital.
Christopher Grillo has left Partners Group, moving to
Brightstar Capital Partners as a Principal.
Carter Harris
is now an Operating Partner at Garnett Station Partners, after working as an
Associate Partner at Bain & Co.
Gabriel Shields Estrada has joined Rubicon Technology Partners as Principal, making the transition from Vector Capital.
Rachel Heidebrecht has joined Peak Rock Capital where
she is a member of the Peak Growth Consulting team. Rachel joins from Deloitte
Consulting where she previously led large-scale M&A integrations across
various industries.
Peter Schultz has joined Truelink
Capital to lead their Portfolio Operations Team. Peter joins from Platinum
Equity
Aytac Yaraneri has also joined Truelink Capital as a Principal in their Portfolio Operations Team, making the move from Porsche Consulting.
Jason Maclean has joined Apollo Global Management as
an Operating Partner. Jason previously was President of the Global Steel
Business at WireCo.
Joshua
Schultz has joined Arsenal Capital
Partners as an Operating Partner. Joshua previously was CEO at Cytel.
Willis
Chandler has joined Frazier
Healthcare Partners as an Executive in Residence. Willis previously was
President, Global Pharma Services at Cencora.
Erin
Caimano now serves as Managing
Director, Operational Improvement at Eqt Group. Erin transitioned from the role
of Chief Transformation Officer at Atlas Holdings LLC.
Evan Silberhorn has stepped into the role of Principal - Innovation Acceleration (US) - Portfolio Operations, Five Arrows Principal Investments at Rothschild & Co. He was formerly the Chief Product Officer (BCG X) at Boston Consulting Group.
Joseph
April has been appointed
Managing Director, Portfolio Optimization at Quad-C Management, following his
time as Senior Operating Partner, Finance at Graham Partners.
Jason
Cohen has joined Gridiron
Capital as an Operating Partner. Jason previously was SVP, Integration & PM
at Pritchard Industries.
Shep
Maher is now Managing Director
at Westcap, having formerly held the position of Chief Revenue Officer at
Betterworks.
Karina
Sobieski has transitioned to
Managing Director at Clearlake Capital Group. Before this, she was the Co-Head,
Portfolio Human Capital at Advent International.
David
Beeston has accepted the position
of Managing Director at Clearlake Capital Group. Prior to that, he was EVP,
Chief Strategy Officer at the Boston Red Sox.
Justin
Nihiser has stepped into the role
of Operating Partner at Garnett Station Partners, having served previously as
CEO at Code Ninjas.
Ronald
E Garrow has joined Vistria Group
as an Operating Partner, after working as an HR Executive Partner at Gartner.
Matt
Camassa has assumed the role of
Operating Partner at Diversis Capital, transitioning from his previous position
as EIR at K1 Operations.
Stephen
Giordano is now an Operating
Partner at H.I.G. Capital, after serving as an SVP at American Securities.
Jesus
Jara has become an Operating
Partner at Vistria Group, following his role as Superintendent at Clark County
Public Schools.
Seth
Lyon has taken on the position
of Operating Partner at Firmament, after serving as an Associate Partner at
McKinsey.
Dave
Hickey is now an Operating
Partner at Advent International. Previously, he was EVP & President, Life
Sciences Segment at Becton Dickinson.
Craig
Standen has joined Blackrock as
Managing Director, Senior Healthcare Specialist. Craig previously was a
Principal in the Healthcare Practice at Mercer.
Tom
Clarke has joined TPG as a Managing Director/Operating Partner. Tom previously was a Senior Managing Director at Ankura.