BlackFin plans team expansion

The promotion of Sabine Mathis from chief financial officer to partner follows the financial specialist firm’s close of its second fund in February.

Paris-based specialist financial investor BlackFin Capital Partners is looking to expand its team in the coming months, following the promotion of chief financial officer Sabine Mathis to partner of the firm.

“I am proud and excited to be promoted a partner of BlackFin. We plan to significantly expand our capabilities and team in the coming months, and I look forward to these opportunities,” Mathis said in statement announcing her promotion.

BlackFin’s team is currently made up of 12 professionals of different European nationalities. It is unclear when the team will start hiring. BlackFin did not respond to a request for comment.

Mathis joined BlackFin in 2011 as chief financial officer after spending several years as an auditor at Ernst & Young and then as chief financial officer of Natixis Private Equity International.

Laurent Bouyoux, managing partner of BlackFin Capital Partners said in the statement that the firm has successfully positioned itself as a leader in financial services in Europe, and the team has demonstrated its ability to source, execute and monitor deals to deliver outstanding returns.

Speaking about Sabine’s promotion he said that as CFO, she has “played a key role in the success of our funds, and in establishing this superior set-up as an asset-management company.”

The promotion follows the close of BlackFin’s second fund in February on its €400 million hard-cap. It is almost twice the size of the firm’s debut vehicle, a 2009-vintage vehicle that raised €220 million, as reported by Private Equity International.

Investors in BlackFin Financial Services Fund II include European institutions and family offices, the firm said. BPI France, the European Investment Fund, Switzerland’s Unigestion, and Jasmin Capital are among those that made commitments, according to PEI Research & Analytics.