Simon Borrows is set to be named as chief executive of 3i Group.
Borrows, who joined as chief investment officer, will take over from Michael Queen.
Simon Borrows is set to be named as chief executive of 3i Group.
Borrows, who joined as chief investment officer, will take over from Michael Queen.
Omidyar Network announced that Malik Fal has joined the philanthropic investment firm as managing director for Africa.
Based in Johannesburg, Fal will lead efforts to increase investments on the continent, as well as to partner more closely with the organization’s Africa-based investees.
Fal most recently was managing director of Endeavor South Africa. -PR Newswire
Monroe Capital announced Ben Marzouk has joined the firm as managing director – New York region group head.
Prior to Monroe, Marzouk originated lower middle-market loan transactions at Praesidian Capital. -Business Wire
Austin Ventures announced the promotion of Thomas Ball to general partner.
Ball joined AV in 2005 as a venture partner and was promoted to partner at the closing of Fund X in 2008. His investment and transaction experience and focus are on early-stage information technology companies, with a primary focus on internet, software and technology-enabled business and consumer services. He has led recent investments in WhaleShark Media, Umbel, Gazzang, and Silvercar. He has also been actively involved with AV portfolio companies Jigsaw, Bazaarvoice, and Convio. -Market Wire
MCG Capital Corporation announced that Keith Kennedy, executive vice president and managing director, will assume the additional roles of chief financial officer and treasurer, effective as of May 15, 2012. He replaces Stephen J. Bacica.
Kennedy joined MCG in January 2012 and serves as a member of the company’s credit committee. From May 2011 to February 2012, he served as a healthcare advisor and executive-in-residence at Arlington Capital Partners. From October 2009 until he joined Arlington Capital, he pursued principal investing on his own behalf, on behalf of independent investors and exclusively on behalf of J.I. Kislak from March to September 2010. From October 2002 to September 2009, he worked at GE Capital across several functional areas and business segments, rising to the position of managing director. He also led GE Capital’s strategic investments group, a healthcare investment portfolio within its corporate finance group that he helped create to deal with the impact of the credit dislocation on the business unit’s portfolio. Prior to GE, he served in various tax, audit and transaction advisory roles in public accounting where he last served as a manager, transaction services, at Ernst & Young. -Business Wire; Seeking Alpha; Company Website
J.P. Morgan Asset Management has appointed Charles McKenzie as head of client portfolio management for Europe, Middle East & Africa in the global fixed income team.
In his new role, McKenzie will be responsible for client management, product design and new business development for the region.
McKenzie joins from Aberdeen where he was head of fixed income for Europe, Middle East & Africa.
Southport Lane has appointed Michael Morrow as chief investment officer and president of Southport Lane Advisors.
Morrow will be responsible for developing and actively managing the asset allocation strategies for all of the company’s portfolio companies, as well as overseeing the company’s fixed-income group.
Morrow comes to the company from Intellectual Ventures, where he served as director of structured finance and CFO products, creating financial products around patents to enhance their utility as an asset class.
Oak Hill Advisors announced that Doug Henderson has joined the firm as partner.
Based in London, Henderson will lead the firm’s European performing credit business and enhance its established distressed capabilities.
Henderson has more than 25 years of experience and extensive relationships in the leveraged finance market, including the last 12 years in London. He joins OHA from Goldman, Sachs & Co. -PR Newswire
AssuredPartners has expanded its transaction team with the addition of Mike Kish as director of mergers & acquisitions.
In his new position, Kish will be responsible for assisting senior management to evaluate acquisition opportunities throughout the United States and to lead the acquisition process from valuation through due diligence, and on through completion.
Prior to joining the company, Kish served first as vice president at Marsh, Berry & Company. Most recently he served as an insurance consultant at Zito Insurance Agency of Rocky River, Ohio. -Business Wire
Robert L. Johnson announced the promotion of Rufus H. Rivers to managing partner of RLJ Equity Partners.
Rivers joined RLJ Equity Partners from The Carlyle Group, where he was a managing director and co-founder of Carlyle Mezzanine Partners.
TSG Consumer Partners announced the promotion of Brian Krumrei to managing director and Jenny Baxter to principal.
Krumrei has been actively involved in many of TSG’s investments during the seven years he has been with the firm. He will continue originating and conducting due diligence on new investment opportunities, and working with partner companies on their business strategies.
Most recently, Krumrei has worked with TSG’s investments in Cytosport and Alterna, negotiated the acquisition of Sexy Hair and led TSG’s recent investment in Rebecca Minkoff, among others.
Baxter joined TSG five years ago and was actively involved with TSG’s investment in Smashbox Cosmetics and its successful sale to Estee Lauder. She will continue originating, structuring and diligencing new investment opportunities. She currently works with several of the firm’s partner companies, including Dogswell, e.l.f. cosmetics and TSG’s recent investment in Alexis Bittar. -Business Wire
Oak Hill Advisors (OHA) announced the promotion of William H. Bohnsack, Jr. to president.
As president, Bohnsack will have expanded oversight of several activities at OHA, including firm management, business development and strategic initiatives. In executing these and other responsibilities, he will continue to work alongside the firm’s other senior partners, including Glenn R. August, founder and chief executive officer of Oak Hill Advisors, Scott D. Krase and Robert Okun.
Bohnsack has served as the investment management firm’s chief operating officer since 2001 and one of its four senior partners since 2005. -PR Newswire
North Bridge Venture Partners announced that Jonathan Heiliger has joined North Bridge as a general partner. He will be based in North Bridge’s Silicon Valley office.
In addition to working closely with the firm’s current portfolio, Heiliger will focus on identifying companies that are attempting to solve problems of significant scale and scope. His exceptional track record of building large-scale operations will be instrumental in helping the firm attract, identify and nurture investment opportunities that have the ambitious vision to attack large, disruptive business and technical problems. -Business Wire
Golub Capital’s middle market lending group announced it has promoted Spyro Alexopoulos and Troy Oder to managing director.
Alexopoulos and Oder are originators at Golub Capital. Together, they have been instrumental in building private equity client relationships on the West Coast, expanding Golub Capital’s national presence. In addition to origination on the West Coast, Alexopoulos covers the Northeast, while Oder focuses on the Southeast. They have made other significant contributions as part of Golub Capital’s middle market lending group, including being integral to developing Golub Capital’s software, digital and technology services finance industry vertical. -PR Newswire
Hercules Technology Growth Capital appointed Jessica Baron to permanently serve as the company’s chief financial officer, effective immediately.
Baron has served as the company’s vice president of finance and interim chief financial officer since June 2011. -Business Wire
CVC Capital Partners announced that Bertrand Meunier has joined as a managing partner and member of the private equity board.
Meunier was chairman of the partner committee and head of the sector teams at PAI Partners. For the last 18 months, he has served as managing partner at the private partnership M&M Capital.
Prudential Capital Group appointed Bill Engelking as managing director, to head its Chicago office.
Engelking, who joined Prudential in 1997, leads an office responsible for originating, marketing and managing private placement and mezzanine investments in the company’s U.S. Midwest territory. He also manages an existing portfolio of senior debt, mezzanine debt and private equity investments.
Engelking previously served as senior vice president responsible for the Chicago-based territories of Iowa and Wisconsin. -ENP Newswire
First Reserve Corporation has named Alex T. Krueger as its president.
Krueger has worked with the company for 13 years, most recently serving as a managing director in London, where he was instrumental in expanding the firm’s global reach and oversaw the doubling of the UK office over four years. He was earlier co-head of First Reserve’s buyout funds and has particular expertise in natural resources. -International Resource News
PineBridge Investments announced the appointment of Talal Al Zain as chief executive officer of the firm’s Middle East and North Africa operations.
Al Zain will spearhead the further expansion of PineBridge’s MENA presence, which builds upon the firm’s existing private equity capabilities in Istanbul, Turkey and distribution office in Dubai, UAE. In addition to managing PineBridge’s regional operations, he will serve on PineBridge’s executive committee, and also be co-head of alternative investments, assuming joint management responsibility for the firm’s private equity, hedge fund and other alternative investment businesses globally with Hans Danielsson, PineBridge’s head of investments.
Al Zain was formerly CEO of Bahrain Mumtalakat Holding Company. -Business Wire
TSG Consumer Partners announced that James L. O’Hara has been named to the position of president. He also continues as a managing director of TSG.
O’Hara, 45, joined the firm in 1998 and has been responsible for transaction structuring, diligence, finance and investment execution, in addition to his position on the investment committee.
Prior to joining TSG, O’Hara was a consultant at Bain & Company and a corporate and securities attorney with Cahill Gordon & Reindel. -Business Wire
Darby Overseas Investments announced that it had added two new executives.
S. Scott Gregory was appointed managing director, responsible for seeking new or expanded commitments to Darby’s family of emerging markets private equity funds by communicating Darby’s investment philosophy, process and strategy to current and prospective institutional investors.
Gregory reports to David Mathewson, senior managing director, and is based in Franklin Templeton’s New York office.
Arkadiusz (Arek) Podziewski was appointed principal and head of Darby’s Warsaw office, responsible for origination and execution of mezzanine and minority equity investments, primarily in Poland but also in the Baltics and Ukraine. He will also focus on supporting and further developing Darby’s operations and funds in Central and Eastern Europe, which are managed by teams based in Bratislava, Budapest, Warsaw, and Istanbul.
Podziewski will report to Nicholas Kabcenell, managing director based in Budapest, and Robert Graffam, senior managing director based in Washington, DC. -Market Wire
Highland Capital Management announced that Artis Terrell Jr. has joined the firm as director of business development. He is based in the firm’s Dallas office.
Terrell is responsible for business development and managing strategic relationships with institutional investors, primarily public and corporate pension plans. He reports to Clay Shumway, head of business development.
Terrell has 14 years of investment business development and relationship management experience focused on the institutional marketplace. Prior to joining Highland, he served as principal at The Williams Capital Group. -PR Newswire
Prudential Capital Group appointed Julia B. Buthman as managing director, to head its Dallas corporate finance office.
Buthman oversees a team responsible for originating, marketing and managing private placement and mezzanine investments in the company’s U.S. Southwestern territory, and also is responsible for managing an existing portfolio of senior debt, mezzanine debt and private equity investments.
Buthman previously served as senior vice president responsible for Chicago-based territories, including Minnesota, Nebraska, North Dakota and South Dakota. She joined Prudential in 2000. -ENP Newswire
Carlyle Group has added Alexander Pietruska as the European head of its financial services group.
Pietruska will be based in London and begin his role as managing director and European head of global financial services partners (GFSP) in early April, reporting to Olivier Sarkozy, head of the global financial services team.
Pietruska joins from Lloyds Banking Group, where he was director of group strategy and corporate development.
Mark Collins will become a partner of Patron Capital.
Collins was formerly managing director of the solutions team in Lloyds Banking Group’s business support unit. He has also been senior managing director of GE Capital Real Estate and chief operating officer at Land Securities.
Warburg Pincus announced that Simon Eyers has joined as a managing director to concentrate on energy investments in Europe and emerging markets. He will be based in the firm’s London office.
Eyers joins Warburg Pincus after serving as a founding partner of 4D Global Energy Advisors. -PR Newswire
LeapFrog Investments announced two senior appointments as it expands its investment portfolio in Asia and Africa.
David Steel was named director of investments for East Asia. Steel was previously managing director of strategic planning for American International Group.
Niclas Thelander was appointed executive director of LeapFrog Labs, the group’s innovation and advisory services hub. Thelander was previously head of corporate strategy for Atradius.
Both Steel and Thelander bring to Leapfrog multi-country insurance M&A and performance improvement expertise. -Business Wire
Cerberus Capital Management reports that it has named Chan Galbato as CEO of Cerberus Operations and Advisory Company, the firm’s management consulting affiliate.
Chan succeeds Robert Nardelli, former chief executive of the firm’s management consulting affiliate as well as its firearms-making conglomerate, who will continue to serve as senior adviser to Cerberus CEO Steve Feinberg.
Chan is a long-time Nardelli protege.
MML Capital Partners has increased the size of its UK team with the addition of Richard Mayers as an investment director in the London team.
Prior to joining MML, Mayers was a director in the strategic business services team at National Australia Bank, having previously led a large number of UK mid-market private equity financed transactions as part of NAB’s leverage finance team, including Retail Decisions, Clarion Events, AKW Medicare and Healthcare at Home. Prior to this, he also gained experience at Goldman Sachs European leverage finance and at Ernst and Young, having qualified as a chartered accountant at Arthur Andersen in the global corporate finance division.
Bertram Capital Management announced the promotion of Ryan Craig to partner.
Craig, previously a principal at Bertram, has been with the firm since its inception in 2006 and focuses his efforts on executing and monitoring portfolio company investments in the consumer and healthcare sectors.
PineBridge Investments announced that it has appointed David T. Jiang as chief executive officer, effective March 1, 2012.
Jiang is a highly experienced investment management professional with an outstanding industry track record. He spent seven and a half years as CEO of the Asia-Pacific region for BNY Mellon Asset Management, during which time he oversaw the development of a suite of solutions tailored to specific client needs in Japan, Asia and Australia. -Asia Pulse
Green Courte Partners announced the promotions of Marnie C. Helfand to managing director as well as Jordan T. Kerger and Tom E. Jasica to vice president.
As a managing director, Helfand will lead Green Courte’s capital markets and investor relations group. She joined Green Courte as a senior associate in June 2008 and was promoted to vice president, capital markets in December 2009. She has contributed to the financing or refinancing of the firm’s major acquisitions including The Parking Spot in December 2011 and American Land Lease in February 2009. Prior to joining Green Courte, she spent three years with Countrywide Commercial Real Estate Finance as an assistant vice president in loan originations and two years as a senior associate with Prudential Mortgage Capital Company.
As a vice president, Kerger will continue his involvement in the firm’s acquisitions efforts and assume greater responsibility for managing the day-to-day activities of the firm’s acquisitions personnel. He joined Green Courte as an associate in March 2008 and was promoted to senior associate in July 2010. Since joining Green Courte, he has been involved in all aspects of Green Courte’s acquisitions efforts, most recently focusing on acquisitions within the near-airport and urban parking sectors. He was actively involved in Green Courte’s acquisitions of The Parking Spot and American Land Lease.
As a vice president, Jasica will have increased responsibilities related to the management of fund-level financial reporting and forecasting. He will also have a leadership role in Green Courte’s ongoing reporting systems enhancement initiatives. He joined Green Courte as a portfolio controller in November 2010. Since joining the firm, he has focused his efforts primarily on accounting and financial reporting for Green Courte’s land-lease community portfolio. -PR Newswire
Green Courte Partners announced that Bill Glascott has joined the firm as managing director. He will be responsible for leading Green Courte’s manufactured housing community acquisition activities.
Glascott joins Green Courte after spending the past twelve years with Hometown America, which Green Courte Partners chairman Randy Rowe co-founded in 1997 while he was chairman of Transwestern Investment Company.
Pomona Capital announced the addition of Daniel Meade as managing director in the New York office, where he will focus on the firm’s business development efforts globally.
Prior to joining Pomona Capital, Meade was senior vice president at Eaton Partners, an alternative asset placement agent, where he was responsible for raising assets for Eaton’s illiquid fund clients. -PR Newswire
AssuredPartners announce that Dean Curtis has joined the company as chief financial officer.
Curtis is a seasoned business executive with 15 years of finance, strategy and operations management experience. Most recently, he served as chief accounting officer of MPS Group. -Business Wire
NGP Capital Resources Company announced that it has added Michael D. Brown, managing director, head of middle market investments.
Brown will lead the company’s activities in identifying, sourcing and funding attractive middle market investments within diversified industry sectors, including manufacturing, value-added distribution, business services, healthcare products and services, consumer services and select other sectors.
Most recently, Brown was a managing director of private finance for The Gladstone Companies. -PrimeNewswire
Augusta Columbia Capital Group announced that Jeff Clarke has joined the firm as a managing partner in its San Francisco office.
Over the past 25 years, Clarke has served in senior leadership positions at a wide variety of global technology companies, including Travelport, CA, Hewlett-Packard and Compaq. He served as president and chief executive officer of Travelport from 2006 until 2011.
Apollo Investment Corporation announces that Mark Harris will be joining the company as its chief financial officer and treasurer, effective April 2, 2012. He replaces Gene Donnelly.
Harris was most recently based in Asia, where he was responsible for operational activities as well as the asset management group for Avenue Capital Group’s avenue Asia strategy, which works with investee companies post-acquisition. -Market Wire
First Reserve Corporation has expanded its senior executive team with two new appointments.
Claudi Santiago joins as a managing director and chief operating officer and will be based in the firm’s London office.
As chief operating officer at First Reserve, Santiago will be responsible for managing the firm’s operations and will focus on talent development, implementation of best practices across the firm’s operational processes and developing First Reserve’s extensive energy industry network of advisors, directors and consultants. He will also take up board positions at First Reserve’s portfolio companies.
Santiago joins First Reserve after a career of more than 30 years at GE, where he was president and CEO of GE Oil & Gas and senior vice president of GE, managing its oil & gas division focused on upstream, midstream and downstream equipment and services.
Irene Mavroyannis joins as a managing director in the investor relations group and will be based in the firm’s Greenwich office.
Mavroyannis’ primary focus at First Reserve will be on the firm’s marketing strategy and messaging, as well as overseeing the firm’s public relations and communications activities. She will also be involved in investor relations and fund raising activities. She joins First Reserve from KKR. -Hedgeweek
Highland Capital Partners announced that Jeremiah Daly has joined the firm as a principal.
Based in Highland’s Cambridge office, Daly will focus on identifying and leading later-stage investments in the information technology and digital media sectors.
Daly joins from Accel Partners where he was based in their London office and led the firm’s investment in Ostrovok. -PR Newswire