Private Equity
- Consonance Capital Partners, a healthcare investment firm specializing in private U.S. companies in the lower and middle markets, added Eric Van Horn to its Operating Council. Van Horn co-founded in-home care provider Landmark Health, serving as its chief business officer and leading its growth for nine years to over $15 billion in revenue and a sale to Optum in April of 2021. Previously, he served as senior vice president and general manager of CareMore Health Plan, leading the company through its sale to Anthem. As a member of Consonance Capital Partners’ Operating Council, Van Horn will contribute his expertise in healthcare operations to support investment strategies and portfolio companies.
- Gen. John W. “Jay” Raymond joined Cerberus Capital Management as a senior managing director on the firm’s Supply Chain and Strategic Opportunities platform. Gen. Raymond joins the firm after a 38-year career in the U.S. Air Force and the United States Space Force, where he served as the first chief of space operations for the newest branch of the U.S. military. In his new role, he will mostly focus on investments in technology, aerospace, and defense modernization, providing strategic guidance to the broader platform and its portfolio of investments in companies that advance next-generation technologies supporting supply chain integrity.
- Madison Dearborn Partners (MDP) announced the transition of Tim Sullivan and Tom Souleles to co-CEO roles. Prior to their new roles, Sullivan served as President and Souleles as Managing Director at MDP. They succeed Paul Finnegan and Sam Mencoff, who co-founded MDP in 1992 and served as co-CEOs since 2007. As part of this leadership transition process, Finnegan will assume the role of MDP chairman and Mencoff will serve as a senior advisor to the firm, while John Canning, who led MDP until 2007 and has since served as chairman, will transition to chairman emeritus. Chicago-based MDP invests in business and government software and services; financial and transaction services; health care; and telecom, media and technology services.
- Healthcare investment firm Sofinnova Investments appointed Dr. Jakob Dupont as an executive partner. Dr. Dupont brings more than two decades of drug development experience in oncology and other therapeutic areas, including serving as vice president and global head of breast and gynecologic cancer development for Genentech/Roche, where he worked on the global development of major brands including Herceptin, Perjeta and Tecentriq. As an executive partner, Dr. Dupont will contribute to Sofinnova ‘s investment strategy and provide valuable insights and guidance to portfolio companies.
- Sandeep Mathrani joined Sycamore Partners as a director. Mathrani is the former CEO of WeWork and former CEO of Brookfield Properties’ retail group, among other positions. Sycamore is focused on consumer and retail investments, and Mathrani will be tasked with leading the firm’s real assets activity, improving and optimizing real estate that often embedded within Sycamore’s target companies.
- The Riverside Company, a global investor focused on smaller middle market firms, promoted Ali Al Alaf as managing director and head of origination for Riverside Europe. Al Alaf will be in charge of Riverside’s team of origination and deal-sourcing professionals across Europe, reporting directly to Riverside Europe Managing Partner Karsten Langer. Al Alaf has already played a key role as member of the firm’s European origination team, initially as part of the research team and more recently as senior originator in the Nordic region.
- Kain Capital hired Idan Eidlman as vice president. Eidlman served most recently as investor and manager of a $5 billion portfolio at Israeli insurance provider The Phoenix Insurance Company. In his new role, Eidlman will contribute his expertise to Kain Capital’s investment strategies and portfolio management. New York-based Kain Capital specializes on investments in healthcare services and information technology companies.
Infrastructure
- I Squared Capital appointed Gautam Bhandari as global chief investment officer. An I Squared co-founder and managing partner, Bhandari has been a member of the firm’s Investment Committees from day one. In his new role, he will be responsible for overseeing and managing the firm’s investment strategy and portfolio on a global scale, working closely with I Squared Founder, Chairman and Managing Partner Sadek Wahba. I Squared also said Managing Partner Adil Rahmathulla will be transitioning from his role over the coming year to pursue other opportunities, remain on the firm’s Investment Committees ahead of until his departure in June 2024. Lastly, I Squared Capital named Mohamed Adel El-Gazzar and Harsh Agrawal as Senior Partners and members of the newly formed Executive Committee tasked with leading the firm’s strategic development.
Credit
- Sound Point Capital Management named Gunther Stein as the chief investment officer for its U.S. Performing Credit and CLO platform. Stein, a longtime investor and veteran portfolio manager who served most recently as chairman, CEO and CIO of Symphony Asset Management, will join Sound Point in June. The move comes shortly after Sound Point announced its plans to acquire Assured Investment Management, the institutional asset management business of Assured Guaranty offering CLOs and other structured asset-backed products.
Investors
- Grange Johnson joined OCIO firm Appomattox Advisory as managing director and deputy chief investment officer — a newly created role at the New York-based firm. Johnson will focus on portfolio construction, manager research and business development (read more).
- LCG Associates hired Christopher Philips, CFA, to lead its OCIO practice. Philips, a CFA charterholder and an active member of the CFA Institute and CFA Society of Philadelphia, joins the firm from Vanguard, where he served in a variety of roles over 22 years. He will be in charge of implementing OCIO best practices and expanding business development, in addition to conducting capital market and asset class research, investment manager due diligence and special topical studies.
Service Providers
- Hedge fund veteran Scott Kurtis joined Meraki Global Advisors as chief operating officer. He will manage the outsourced trading firm’s financial, operational, and administrative functions, with responsibilities including governance and execution of systems and processes. Kurtis served most recently as a senior international trader for Artisan Partners and Harris Associates, where he focused on European and Asian equities. His previous roles include serving as director of operations, head trader and partner at Asian Century Quest Capital; as an Asia trader for Maverick Capital; and as an international sales-trader for Goldman Sachs in Chicago.
- Schulte Roth & Zabel expanded its Litigation Group with the addition of Julia Beskin, who joins from Quinn Emanuel Urquhart & Sullivan. Beskin focuses on complex commercial litigation with a focus on corporate governance matters, securities cases, contract disputes and M&A litigation; she advises clients across industries ranging from private investment funds to financial services and insurance.
- Hazeltree, a provider of active treasury and intelligent operations technology for alternative asset managers, appointed Jeremy Payne as chief product officer. In his new role, Payne will focus on expanding Hazeltree’s offerings for hedge funds and private equity firms. Payne, who was most recently was chief product officer at data and analytics provider Canalyst, brings more than 20 years of experience in institutional finance software product management.
- Seward & Kissel added David Baron as a partner in its Employment Practice. Baron joins from Hogan Lovells, where he launched his career in 2011. Baron brings wide experience providing employment advisory services and handling all aspects of employment litigation, such as contract disputes, non-competes and other restrictive covenants, whistleblower retaliation and discrimination claims.
- Winston & Strawn added Eric L. White as a member of its Litigation Department and a partner in the Chicago office. Joining from Kirkland & Ellis, White brings extensive experience representing plaintiffs and defendants in industries including private equity, energy, pharmaceuticals and technology. The firm also added Rodney Moore and Sam Peca as partners in its Dallas office and as members of the Transactions Department’s Private Equity Transactions Practice. Moore represents private equity firms and public and private companies in M&A, joint venture, financing, and other energy-related commercial transactions, in addition to energy transition sectors such as hydrogen, renewable fuels, and carbon capture. Peca advises private equity firms, private and public companies, and management teams, mostly in energy- and infrastructure-related transactions.
