California-based Levine Leichtman Capital Partners will promote managing director David Wolmer to general counsel and COO at the end of this month.
The promotion follows the retirement of Steve Hartman who is leaving the firm for “personal reasons” according to a statement. Hartman will remain on the board of directors of certain portfolio companies and as a strategic advisor after he retires from the general counsel and COO roles.
Wolmer first joined LLCP seven years ago from Milbank, Tweed, Hadley & McCloy. During his tenure at LLCP he has been involved in exits from Luminator Technology Group, Poma Holding Company and Dexter Magnetic Technologies.
LLCP was recently in the news for closing its first European fund on €100 million, exceeding its €95 million target, as PEI reported in January. The news of the close also included the new hire of Wouter Snoeijers, former investment director at Dutch pension fund PGGM, who manage LLCP’s structured equity investment team for Europe.
The firm is also in market with its 2014-vintage fund of funds vehicle – LLCP Co-Investment Fund – which is targeting $250 million. The fund will invest in North American companies.