Former Israel premier joins PE group

The former prime minister of Israel Ehud Barak has joined Tamir Fishman as a partner in the firm’s private equity division and member of the advisory council.

Ehud Barak, the former prime minister of Israel, has joined Tel-Aviv headquartered financial services group Tamir Fishman.

Barak will join the firm’s advisory board and also be an active partner within the firm’s private equity group, assisting in business development, fund establishment and developing new markets and products.

Prime Minister of Israel from May 1999 to March 2001, before being replaced by current incumbent Ariel Sharon, Barak has advised a number of US and European private equity funds.

He currently serves as an advisor to Luxembourg-based Capital Management Advisors and Philadelphia-headquartered SCP Private Equity Partners among others.

Commenting on the appointment, co-founder Danny Fishman said in a statement: “Private equity is one of Tamir Fishman’s primary areas of expertise and Mr Barak, with his broad experience, will bring significant added value to our activities in this area.”

In addition to his role within the private equity team, Barak will join Tamir Fishman’s advisory board. He joins Stuart Eizenstat, former US deputy secretary of the Treasury, Professor Amir Barnea, CEO of software provider BMC Israel and former ambassador Uri Bar-Ner.

Tamir Fishman Ventures (TFV), the private equity arm of the financial services group, was established in 1997 and has over $200 million (€160 million) under management.

The firm has raised two funds to date, Eucalyptus Ventures and Tamir Fishman Ventures II, which have invested in more than 30 companies.

TFV invests primarily in early-stage Israeli and Israeli-related communications, IT and life sciences companies, typically investing $3 million to $10 million per company through the cycle of investment rounds.