Brentwood promotes four

The Los Angeles-based private equity firm has promoted four members of its 13 person team.

Los Angeles-based middle market private equity firm Brentwood Associates has promoted four members of its 13 person team: Steve Moore, Eric Reiter, Rahul Aggarwal and Toros Yeremyan.

Steven Moore

Moore and Reiter have each been promoted to partner from principal. Moore joined Brentwood in 2000 and previously worked at investment bank Donaldson, Lufkin & Jenrette (DLJ) focussing on mergers and acquisitions, leveraged buyouts, and general corporate finance.

Reiter has been with Brentwood since 1999 prior to which he worked in the merchant banking division of DLJ, primarily on investing the $3 billion (€1.9 billion) DLJMB II private equity fund.

Aggarwal has been promoted to managing director from principal. He previously engaged in high-yield financings and leveraged buyouts at DLJ and joined Brentwood in 1999.

Eric Reiter

Yeremyan worked in mergers and acquisitions and corporate finance at Credit Suisse First Boston prior to joining Brentwood in 2004. He has been promoted to vice president from senior associate.

Brentwood recently closed its fourth fund on $540 million bringing the firm’s assets under management to more than $1 billion. The firm is currently raising its fifth fund targeting $500 million according to the Probitas Partners 2008 Private Equity Deskbook.

The consumer-focussed firm has made five investments over the last 18 months: equestrian apparel company Ariat International; novelty item direct marketer Oriental Trading Company; paper products company Paper Source; education course company The Teaching Company; and restaurant chain Zoës Kitchen.