Castle Harlan hires IR director

Former Old City Investment Partners executive Hemali Dassani has joined Castle Harlan.

Castle Harlan has hired former Old City Investment Partners managing director Hemali Dassani as its director of investor relations, a new position according to a statement from the firm.

At Old City, Dassani worked on investments for the firm’s clientele of family office investors. She joined Old City in 2011 after working as vice present at Diamond Edge Capital and previously at Advent Capital Management, according to her Linkedin profile.

Dassani joined Castle Harlan in October and will also oversee the firm’s marketing efforts. She will work alongside the firm’s co-presidents Howard Morgan and Bill Pruellage, according to a spokesperson from the firm.

Castle Harlan invests in controlling stakes in middle market North American and European companies. The firm has managed eight funds, including three Australia-focused vehicles, with total commitments of more than $6 billion. Its most recent fund, Castle Harlan Partners V closed on $800 million in 2010, though it had been targeting $1.5 billion, according to Private Equity International’s Research & Analytics division.

Castle Harlan also worked with Sydney-based CHAMP Private Equity to form CHAMP, which stands for Castle Harlan Australian Mezzanine Partners. It focuses on growth businesses in Australia and New Zealand, according to its website.

Castle Harlan has also completed 53 acquisitions, according to the statement. Its current portfolio includes Caribbean Restaurants, which operates Burger King restaurants, and secure inmate telecommunications company Securus Technologies, according to its website.

The New York-based firm was founded in 1987 and is led by 11 executives including chairman and chief executive officer John Castle and chairman of the executive committee Leonard Harlan. Castle Harlan also operates out of Singapore.