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Capital Dynamics seeks US private equity leader

The fund of funds and advisory group is actively searching for a head of US investments as it expands its US reach.

Capital Dynamics has hired a recruitment agency to find an executive to lead its US private equity investment management. The firm would like to have the executive in place in the third or fourth quarter of this year, according to recruiting documents seen by Private Equity International

The newly created position to head US private equity represents Capital Dynamics’ desire to expand its business development in the US, a spokesperson confirmed. 

Recruitment documents noted the role’s purpose was ‘two-fold’: “to lead the US private equity investment management function through active engagement with investment activities, strategy, product development and fundraising; and to identify and drive new business opportunities for Capital Dynamics’ private equity business in the US”.

The firm first opened in the US in 2002 and has 40 people on the ground in New York, Menlo Park and Scottsdale, Arizona. It counts a number of US institutions as clients, including CalPERS, for whom it manages a $480 million, 2007 vintage clean tech fund.

Tom Kubr

Earlier this year, firm founder Tom Kubr told PEI that Capital Dynamics was expanding. “Unlike many of our competitors, we have actually grown over the last few years; we’ve expanded the top line significantly, and the majority of that has been organic. And as we’ve grown, we’ve strengthened our bench step by step. I always like us to be a little bit ahead of what we need, so we can withstand growth shocks: if you get new accounts suddenly, you need to have the systems and people available to take care of that,” Kubr said at the time.

The US private equity head will work with David Woolford, currently managing director and head of investment management for the Americas, but the recruitment documents note the executive will report to John Gripton, Capital Dynamics’ London-based head of global private equity.

Woolford, a nearly 10-year Capital Dynamics veteran who also is the chair of the firm’s investment committee, will continue in his role, the spokesperson said.  

The new hire in the US will be the latest change to Capital Dynamics’ senior leadership. Last year, the fund of funds promoted Stefan Ammann to chief executive officer, which allowed co-founder Thomas Kubr to take on an executive chairman role. This year, Katharina Lichtner, who had previously headed the fund of fund’s research and communications functions, left to work on an unrelated start-up business, retaining a senior advisor role. Meanwhile, earlier this year, managing director George Georgiou was promoted to chief operating officer, director Emma Anderson became chief financial officer and managing director Mark Drugan took on the role of head of investment management for Europe.