Panellists at the US Securities and Exchange Commission Compliance Outreach Program flagged third party vendors as a crack in any firms’ cyber security shield.
The firm has told investors and clients that it is reviewing its practices and that no clients participated in the former employee’s unauthorised transactions.
With the promotions, the Washington DC-based private equity firm is grooming the next generation of partners, according to Halifax co-founder David Dupree.
The California-based venture capital firm, which specialises in mid-market enterprise IT service companies, is targeting $33m for its second vehicle, and recently recruited a new CFO.