Tri-Artisan Partners, a subsidiary of New York merchant bank Tri-Artisan Capital engaged in mergers and acquisitions advice and fundraising, announced that it has named Alan Menkes, a former senior manager at The Carlyle Group, Thomas Weisel Partners and Hicks, Muse, Tate & Furst, as its new managing director in charge of private equity.
Menkes, who has about 20 years of experience in private equity, will oversee the firm’s private equity investment activities along with Tri-Artisan’s founding managing directors Gerald Cromack and Rohit Manocha. Menkes was most recently founder and managing partner at middle-market private equity firm Empeiria Capital. Over his career, he has led transactions totaling approximately $7 billion (€5.5 billion) in enterprise value.
This is just the latest major hire by Tri-Artisan. Recently, the firm hired former Saks Fifth Avenue and Nieman Marcus executive Philip Miller, further evidence that retail is clearly an attractive sector for the fund. Earlier this year, Tri-Artisan co-invested with Apollo Management on its acquisition of retailer Linens N Things, and with NRDC Equity Partners in a $1.2 billion (€947 million) acquisition of iconic department store chain Lord & Taylor from Federated Department Stores.