Blue Wolf Capital Partners has named Victor C. Caruso as its managing director, effective immediately, according to a statement from the firm.
The New York-based private equity firm welcomed Caruso about one year ago, when he joined as senior advisor focusing on aerospace and defense industries.
“Working with Vic over the past year, we've seen how he brings his unique combination of experience, broad range of contacts and impressive background to bear as he works across existing and new investments,” Blue Wolf managing partner Adam Blumenthal said.
Caruso joined Blue Wolf after serving as a senior investment professional for two private equity firms. His new role Blue Wolf will involve business development and sourcing deals for the firm and its portfolio companies.
Blue Wolf, which targets mid-market companies in the US and Canada, is currently investing its third fund. Launched in October 2012 with a $275 million target, Blue Wolf Capital Fund III closed on its $300 million hard-cap in July 2013 having held a first close on around $100 million in April. Investors in the fund include the Employees Retirement System of Texas and the Maryland State Retirement and Pension System, according to PEI's Research & Analytics division.