Mid-market firm Welsh Carson Anderson & Stowe has named Victor Simone senior industry executive responsible for assisting the firm with financial technology and services investments.
Simone joins Welsh Carson’s resources group, a team of 25 executives with “strong industry expertise and relationships,” according to the firm’s web site. He previously worked at Goldman Sachs for over 25 years, having most recently held the position of global head of the principal strategic investments group. While at Goldman, Simone led the firm’s global e-business group, institutional client services group and its private client services fixed income group, and oversaw its innovation committee.
Simone joined Goldman in 1981 after working in the corporate banking department of Chase Bank, and was named a managing director in 1997.
Other members of Welsh Carson’s resources group include Randy Dobbs, former chief executive officer of GE Capital, IT Solutions; and Daniel Pelak, former chief executive officer at InnerPulse, a cardiac medical device company.
Welsh Carson is currently investing its sixth equity fund, which closed on $3.7 billion in June 2009, and its WCAS Capital Partners IV Fund, a dedicated subordinated debt fund. The firm focuses its investment activities in information and business services and healthcare.
Founded in 1979, Welsh Carson manages $20 billion in capital and has a current portfolio of approximately 30 companies.