Gretchen Perkins has joined Huron Capital Partners, a Detroit-headquartered private equity firm, as the firm’s first vice president of business development.
Perkins most recently was responsible for sourcing deals at Long Point Capital, a $315 million (€204 million) mid-market fund also headquartered in Michigan. She also previously held senior business development positions at consulting and research firm IRN, as well as at Fleet Capital and GE Capital, where she originated and structured buyout financing packages.
She has known Huron’s team since the firm’s founding in 1999, Perkins said in a statement praising the lower middle market firm’s operations-oriented equity approach.
“We are thrilled that Gretchen is able to join us so soon after the successful raising of our $350 million third fund,” Huron managing partner Brian Demkowicz said in a statement. “Her many contacts with business brokers, investment bankers, attorneys, accountants and consultants compliment our existing relationships exceptionally well.”
Huron’s third fund, closed in January, was oversubscribed within 30 days of sending out its private placement memorandum, the firm said previously. Its limited partners include the DuPont Pension Trust, AlpInvest Partners, The State of Michigan and Dow Chemical.
Huron typically invests between $10 million and $20 million in companies with revenues up to $200 million in the niche manufacturing, specialty service and value-added distribution sectors. It has more than $600 million in capital under management.