Genstar Capital promotes four

The promotions move three to managing director and a fourth to Principal

San Francisco-based Genstar Capital, a middle market private equity firm has promoted four to managing director and principal.

Rob S. Rutledge, Anthony J. Salewski, and Eli P. Weiss will become managing directors. David J. Golde will be promoted to principal.

Rutledge heads the firm’s industrial practice which includes investments in MW Industries and Tecoment.

Salewski leads the financial services and software verticals. That group has seen a number of high profile exits including Midcap, and is invested in AssetMark, Altegris, and Asset International. Weiss also focuses on software investments.

Golde will join the firm’s senior management team focusing on deal origination.

Genstar is currently investing out of its sixth fund which closed at approximately $1 billion in 2012, after a few speed bumps in the fundraising process. The firm announced yesterday that it was acquiring Telestream, a provider of digital video tools and work flow solutions, from Thoma Bravo. The transaction is expected to close in the first quarter of this year. Financial terms of the transaction were not disclosed, and Genstar declined to comment.

Thoma Bravo first acquired Telestream in 2012.