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CVC hires managing partner from Welsh Carson

John Clark will focus on mid-market investments in the technology and software sectors.

CVC Capital Partners has hired former John Clark, a former general partner at Welsh Carson Anderson & Stowe, as a managing partner, according to a statement.

At CVC, Clark will focus on mid-market growth investments in the technology, software and technology-enabled business services sectors. He will be based in New York. Clark joined Welsh Carson Anderson & Stowe in 2000 and focused on investments in the information and business services sector. He was also a member of the management committee. Prior to Welsh Carson Anderson & Stowe, Clark was a general partner at private equity firm Saunders Karp & Megrue, where he worked for seven years. Clark also spent time in the technology investment banking group at Alex Brown & Sons and in the merchant banking department at Morgan Stanley.

“Our recent investments in AVAST and Cerved in Europe and SPi Global in Asia highlight our strong interest in the software and tech-enabled business services sectors,” CVC managing partner Chris Stadler said in the statement. “I look forward to working with [Clark] to expand our presence in these sectors especially in the middle-market.”

CVC was unavailable for comment at press time.

CVC is in market with its CVC Asia Pacific Fund IV, which had collected $3 billion toward its $3.5 billion target after nine months of fundraising, Private Equity International reported in February. CVC has raised more than $56 billion from global investors and has secured more than 300 investments since it was founded in 1981.