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SV Health Investors promotes two

SV Health Investors has promoted Houman Ashrafian to managing partner and Greg Madden to partner. Ashrafian joined SV in 2016 as a venture partner while Madden came on board as an analyst in 2002.

Steen named director at First Reserve

First Reserve said Dec. 19 that it promoted Paul Steen to director effective Jan. 1. He was previously a vice president.

Partners Group announces promotions

Partners Group said Dec. 20 that it promoted ten executives from across its business to partner and managing director. The promotions are effective Jan. 1, 2019.

Winston & Strawn add two partners to NY private equity division

Law firm Winston & Strawn LLP has added two new partners to their New York private equity division, according to a spokesperson for the firm. They are Ryan Walden, who represents private equity funds and their portfolio companies throughout the life cycle of an investment; and Ilya Bubel, who focuses his practice on M&A and other complex business transactions on behalf of private equity sponsors and other financial investors, as well as public and private companies across various industries.

Ex-Oklahoma Governor Keating joins PE-backed Global Holdings' board

Former Oklahoma Governor Frank Keating has joined the board of directors of Global Holdings, an account and payment processing provider for the consumer debt settlement industry. Currently, a partner with Holland & Knight's financial services team, Governor Keating is also a former president and CEO of the American Bankers Association and the American Council of Life Insurers. During the Reagan Administration, he served as Assistant Secretary of the U.S. Treasury Department and Associate Attorney General of the United States. Under President George H.W. Bush, he served as General Counsel and Acting Deputy Secretary of the Department of Housing and Urban Development. Global Holdings is a portfolio company of New State Capital Partners.

Campbell Lutyens hires ex-Park Hill exec Fred Han

Campbell Lutyens hired ex-Park Hill Group executive Fred Han as a principal. Han has worked at Park Hill, where he was most recently principal, UBS and Greenhill Cogent.

Arsenal hires two and promotes two

Arsenal Capital Partners has named BG Porter as an industry and operations partner and John DiGiovanni as a principal. Also, the middle-market private equity firm has promoted Robbie Cahill to vice president and Taylor Holland to senior associate.

Masters steps down as CEO of Digital Asset

Digital Asset said Dec. 18 that Blythe Masters has requested to step down as CEO. AG Gangadhar was named board chairman of Digital Asset. He will serve as acting CEO until a permanent CEO is named. Digital Asset, of New York, provides distributed ledger technology. The company raised $40 million in Series B funding led by Jefferson Capital Partners in 2017, PitchBook said.

Pantheon announces promotions; Richards, Dunwoodie become partners

Pantheon said Dec. 19 that Imogen Richards, global head of investment structuring and strategy in London, was made a partner, while Kevin Dunwoodie, of the secondaries investment team in San Francisco, was also named partner. Robin Bailey, a partner, was appointed chief operating officer. Pantheon also unveiled another 42 promotions.

PE-backed Sara Lee Frozen Bakery beefs up C-suite with two hires

Oakbrook Terrace, Illinois-based Sara Lee Frozen Bakery, a maker of frozen bakery and dessert products, has named Ryan Malone as chief marketing officer and Wendy Webb Williams as chief legal officer. Previously, Malone worked at McCain Foods USA where he most recently served as senior director of marketing while Williams led the law department for the North America and Europe regions for Mead Johnson Nutrition. Sara Lee is backed by Kohlberg & Company.