Dublin, Ireland-based private investment firm Claret Capital has hired two managing directors focusing on the firm’s mid-market private equity initiative.
Dermot Hanley will join Claret’s Dublin office bringing the total number of employees there to 28. Hanley was most recently an executive director in the mid-corporate investment banking group of JP Morgan in Toronto. He previously spent time at both Deutsche Bank and Citigroup.
Yuki Narula has joined the New York office of Claret from JP Morgan in New York. At JP Morgan, Narula was an executive director of the financial sponsors group responsible for identifying proprietary M&A transactions for the private equity community. He was previously an analyst at Lehman Brothers.
Claret maintains US offices in New York and Philadelphia with a total of nine people in the two offices.
Hanley and Narula will work together to grow assets under management as well as Claret’s private equity investment portfolio.
Founded in 2005, Claret Capital manages assets on behalf of a small number of ultra-high net worth individuals, families and institutions.
The firm invests globally in private equity, real estate and alternative capital markets. Within private equity, the firm primarily focuses on the mid-market, a company spokesman told PEO.
Claret also has founded new ventures including European low-cost private jet company JetBird and Irish mobile communications company Blue Ocean Wireless, which provides connectivity at sea.