Behrman Capital, a private equity firm with offices in New York and San Francisco, announced today that former Blackstone managing director Simon Lonergan has become a partner at the firm.
The 36-year old Lonergan had been with Blackstone since 1996, first in New York and later London, where he was one of two partners overseeing the firm’s European private equity practice. In his tenure at Blackstone, Lonergan helped to execute eleven transactions including Bresnan Communications, CommNet Cellular, InterMedia Partners VI, TWFanch-one and TWFanch-two, the Spirit Group and Graham Packaging. According to a press release, Lonergan has been involved in transactions resulting in $1.9 billion of realizations.
In 1996, Lonergan graduated with an MBA from Harvard Business School after working for two years at both the private equity firm Bain Capital and the management consultant Bain & Company. He graduated from the University of Cambridge in 1989.
Behrman Capital, founded in 1992 by brothers Grant and Darryl Behrman, has $1.8 billion under management. The firm’s latest fund closed in August 2001 with $1.2 billion in total commitments. Seven months later, Darryl Behrman passed away at the age of 51.
The defection of Lonergan comes one month after Blackstone appointed Hamilton “Tony” James to succeed company founder Steven Schwarzmann as president of the firm.