New Year heralds new moves

A rush of North American private equity firms have announced promotions and new hires as 2016 begins and business resumes following the holidays.

Among new people moves announced this month, Golden Gate Capital has hired Bernhard Nann as operating executive to support its portfolio companies in software and technology services and the firm’s due diligence process for new investments. Nann most recently was chief executive of data analytics firm Opera Solutions. Golden Gate has over $15 billion in committed capital.

Thoma Bravo, which manages over $9 billion in equity commitments, has promoted AJ Rohde to partner and Andrew Almeida to vice president. It also hired Tara Gadgil as vice president from Berkshire Partners.

Kainos Capital, which exclusively focuses on the food and consumer sectors, hired Jay Desai as managing director and head of business development from sales and marketing services firm CROSSMARK. Desai will report directly to Kainos managing partner Andrew Rosen and will be involved in business strategies of Kainos’ portfolio companies, the firm said.

CCMP Capital Advisors hired Robert Toth from Polyvore International, where he was chief executive, president and chairman. Toth will be a managing director focused on deal sourcing in the industrial and chemicals sectors, and growth plans and value creation of current portfolio companies. CCMP specialises in mid-market buyouts and growth equity investments between $100 million and $500 million in North America and Europe.

Harvest Partners SCF, the non-control private equity strategy of Harvest Partners, hired Sean Murphy as principal. Murphy, who joins the firm from Angelo, Gordon & Co, will source, structure, execute and manage portfolio investments, the firm said. Harvest Partners SCF invests between $20 million and $75 million in mid-market companies in the business services & consumer, health care services, industrial services, and manufacturing and distribution sectors.

New private equity firm Soundcore Capital Partners, a lower mid-market firm, has hired Feliks Zarotsky as partner. Zarotsky will lead new investments, as well as oversee the firm’s portfolio, fundraising efforts and investor relations. Zarotsky was previously vice president at Tower Three Partners.

Investment advisor Cambridge Associates has expanded its global pensions practice team by promoting Brian McDonnell to global head of pensions from managing director. Sona Menon was named head of North American pensions to cover the US and Canada, the firm said, citing a growing demand for fiduciary management mandates. It also hired risk management specialists, including Kevin Harney as head of pension risk management in the US from RiskFirst, and Benoit Jacquemont as head of pension risk management in the UK and Europe from Cardano Risk Management.

Canadian limited partner Ontario Teachers Pension Plan, which manages CAD$154.6 billion ($109 billion), has named Bjarne Graven Larsen as executive vice president and chief investment officer. Most recently he was chief financial officer at Novo A/S in Denmark.