Welsh, Carson, Anderson & Stowe has hired former McKinsey & Company associate principal Josh Sullivan as an operating executive, the firm announced in a statement. Sullivan will join the firm’s resources group, which manages the improvement of Welsh Carson’s portfolio companies’ operations.
Welsh Carson, which focuses exclusively on the information and business services and healthcare industries, has been “building up” its resources group over the last several years, according to a statement. In January, the firm hired former Goldman Sachs executive Victor Simone to assist the firm with financial technology and services investments. The group is comprised of 25 professionals with “operating, industry and functional expertise in areas such as human resources, pricing, procurement, audit and capital markets”.
The firm could not be reached for comment.
Sullivan worked at McKinsey for seven years, where he was responsible for developing and implementing operating initiatives for the consulting firm’s corporate clients. He left the management consulting firm earlier this month, according to his LinkedIn profile.
Prior to McKinsey, he held management and operations at Proctor & Gamble and Infosys Technologies, the firm said in a statement.
Welsh Carson was founded in 1979 and manages around $20 billion of capital. The firm is currently investing its most recent fund, Welsh, Carson, Anderson & Stowe XI, which raised $3.7 billion in 2009. The firm is also investing a mezzanine fund, WCAS Capital Partners IV, which raised $1.28 billion in 2004, according to data provider Private Equity Connect.