BayPine, the investment firm led by Silver Lake Co-Founder David Roux and former Blackstone Senior Managing Director Anjan Mukherjee, announced key promotions alongside the hire of Farhan Siddiqi, a veteran within the digital transformation arena.
“We are excited Farhan has joined BayPine as an operating partner, which demonstrates our commitment to attracting world-class talent and is an endorsement of our approach to driving meaningful growth and operational improvement in high-quality businesses through technology enablement,” said Wan Ling Martello, founding partner of BayPine. “He has already made significant enhancements across our portfolio companies, and we look forward to his many future contributions to our firm.”
Siddiqi joined as an operating partner in October 2021 after serving as the chief digital officer of multinational retail and e-commerce group Ahold Delhaize, where he drove digital transformation initiatives across the company’s twenty brands. Before that, he served as the interim CEO and board member of Fresh Direct and has held key leadership positions for complex global organizations such as McDonald’s, Bank of America and Target.
This time last year, BayPine’s debut fund had attracted over $1 billion in assets for its first and was well on its way reportedly to hitting its $2 billion target.
The Boston-based firm announced that it promoted four executives across its investment and operations team. The promotions were: Tom O’Rourke being named partner; Charles Rayner, managing director; Emily Osman, vice president; and Erika Glass, director of firm administration.
O’Rourke currently serves on the boards of directors of Penn Foster and Mavis Tire Express Services. Prior to joining BayPine, he was a principal at Bain Capital in the North American Private Equity team, where he worked in the consumer and business services verticals investing across a broad spectrum of industries including auto services, consumer health, retail and travel/leisure.
Rayner joined BayPine in 2020 and focuses on specialty industrials investments. Previously, he was a principal at Declaration Partners, but prior to that, he served on the investment team at Marble Arch, a value-investing hedge fund, and Conatus Capital, a fundamental equity-focused hedge fund. He began his career in the Private Equity Group of Blackstone. Rayner has invested in a variety of industrial sectors, including aerospace/defense, construction materials, distribution, manufacturing, security and related software/services.
Osman joined BayPine in 2019 and focuses on business development and capital markets solutions for the firm. Previously, she was an associate in the Investment Banking Division of Barclays, where she focused on leveraged buyouts, mergers and acquisitions and equity issuances across sectors.
Also joining in 2019 was Glass. Previously, she held various operations and administrative roles at PillPack, Bain Capital and SVG Advisers.