Circle Peak Partner Launches New Firm

John Poerink of Circle Peak Capital has left the firm to launch a private equity effort alongside James Hedges of LJH Global Investments, a Florida-based hedge fund. LJH has dabbled in buyouts but the new effort, called Linley Capital, formalizes its activity, the firm announced today. Poerink was one of two partners at Circle Peak, where he led the firm through more than $400 million worth of investments, mostly in the consumer products industry. He left to work under a more flexible investment mandate than typical middle market LBO strategies require, he told me. In a time of increasing specialization, Poerink and Hedges are doing the exact opposite of the crowd.

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