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VHP recruits Geraty as operating partner

Varsity Healthcare Partners, a healthcare services-focused private equity firm, has appointed Dr. Ronald D. Geraty as an operating partner. He is a former CEO for a number of private equity-owned healthcare services companies that include Alere.

Arougheti named CEO at Ares Management

Ares Management LP said Dec. 18 that Michael J Arougheti, co-founder and president, was named CEO effective Jan. 1, replacing Tony Ressler who will continue as executive chairman. Ressler, an Ares co-founder, will focus on major client marketing, corporate strategy and brand building activities for the firm. Michael McFerran, currently Ares CFO, was named chief operating officer. Ryan Berry, head of Ares’ strategy & relationship management group, was also appointed chief marketing & strategy officer.

PE-backed Orchid taps Cyran as chief underwriting officer

Vero Beach, Florida-based Orchid Underwriters Agency LLC, a specialty underwriter of catastrophic coastal insurance, has named Andrew Cyran as chief underwriting officer. Previously, Cyran was the executive vice president at Alliant Specialty. Orchid Underwriters is backed by Gryphon Investors.

Toronto wealth management firm Gluskin Sheff adds two to equity team

Toronto-based Gluskin Sheff, a wealth management firm, has named Alkarim Jiwa and Leanne Caravaggio to its equity team. Prior to joining Gluskin Sheff, Jiwa worked at BMO Financial Group while Caravaggio was at 1832 Asset Management.

Cognizant adds PE adviser to board

Cognizant, a professional services company, has named Joseph M. Velli to its board of directors. Velli was a senior executive vice president at BNY Mellon and is a senior adviser to Lovell Minnick Partners.

Harvard's real estate team to spin out and join Bain Capital

Harvard Management Co's real estate team of about 20 professionals has agreed to spin out and become employees of Bain Capital. The group will join Bain Capital Real Estate, the firm's newly formed real estate investment group. Dan Cummings, head of real estate with Harvard, will lead the team.

Palladium promotes two, hires one

Palladium Equity Partners promoted Luis Zaldivar and Caleb Clark to senior managing director and managing director, respectively. The firm also hired Chris Allen as principal. Zaldivar joined Palladium in 2004 and Clark joined in 2014. Allen joins the firm from Arlon Capital Partners.

William Blair adds new sector team, opens new office

William Blair has added a new team covering aerospace, defense and government services to its staff. The team will work from a new office in Charlotte, North Carolina and be led by Managing Director Gordie Vap. Also included in the new sector team will be Vice Presidents Andrew Kugajevsky and Josh Ollek.

PWP Growth Equity taps Leever as operating partner

PWP Growth Equity has hired Daniel H. Leever as an operating partner. Previously, Leever was CEO of Platform Specialty Products Corporation.

Partners Capital promotes Shushan and Joll to partner

Partners Capital has promoted David Shushan and Toby Joll from managing director to partner. Shushan joined the firm in 2008 from McKinsey & Company while Joll has been with Partners Capital for seven years. Also, the firm announced four senior principals have been promoted to managing directors.