Arsenal Capital Partners hires Grace Kim to IR role

The New York-based middle market firm is expanding its investor relations team 

New York-based Arsenal Capital Partners has hired Grace Rhee Kim as a principal in investor relations.

Prior to joining Arsenal, Kim was a principal of business development at Providence Equity Partners.

“Arsenal and Grace have worked together for a number of years spanning her tenure at JP Morgan, Guggenheim Partners, and Forbes Private Capital,” said Bill Farrell, Arsenal’s head of investor relations in a statement.

Arsenal was founded in 2000 by Terrence Mullen, a former principal at Thomas H Lee Partners, and Barry Siadat, formerly of AlliedSignal/Honeywell International. The firm currently has $1.7 billion of committed equity capital and focuses on investments in specialty industrials and healthcare.

Arsenal closed its most recent middle market fund – Arsenal Capital Partners III in April of last year on $875 million. The fund raised 75 percent more capital than previous funds, and signaled an expansion of the firm’s middle market presence.

Limited partners in Fund III include pension funds such as the Oklahoma Police Pension Retirement System and the University of California Retirement System, according to Private Equity International’s Research and Analytics division. Fund III also attracted commitments from endowments, foundations, family offices and financial institutions such as Northwestern Mutual Life Insurance.