Friedman joins Periscope Equity

Alex Friedman has joined Periscope Equity as vice president and will lead the firm’s business development effort. Friedman was previously at Ardenton Capital Corp. PRESS RELEASE Periscope Equity LLC (“Periscope”) Names Alex Friedman Head of Business Development
Periscope Equity, a Chicago-based private equity firm, which invests in lower-middle market technology–enabled business services companies, announced today that Alex Friedman has joined the firm as a Vice President to lead Periscope’s business development effort. In this new role, Mr. Friedman will lead deal origination efforts by cultivating and managing relationships with deal intermediaries, business owners and executives. Mr. Friedman brings significant business development and capital markets experience to the firm. Prior to joining Periscope, Mr. Friedman was a vice president at Ardenton Capital Corporation, a lower middle market private equity firm, where he focused on both deal origination and fundraising. Previously, he was a vice president at Gibraltar Business Capital, where he
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Cambridge Associates appoints Ramos as MD and human capital head

Cambridge Associates, a Boston-based investment firm, has hired Elizabeth Ramos as managing director and head of human capital. Previously, Ramos was senior vice president of human capital at Fidelity Private Equity. PRESS RELEASE BOSTON, March 14, 2018 (GLOBE NEWSWIRE) — Elizabeth Ramos, an expert in human capital and talent with a significant track record applying it to the investment and management consulting industries, has joined Cambridge Associates as Managing Director and Head of Human Capital, a newly created position. Ramos, based in the firm’s headquarters in Boston, sits on the firm’s management team and reports to Cambridge CEO David Druley. Cambridge Associates is an investment firm that helps endowments, foundations, pension plans and private clients manage investment portfolios that aim to generate outperformance. “What sets Cambridge Associates apart is its people and ability to nurture and attract the very best investors and partners for our clients. Liz is distinguished
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Raymond James adds MD to team

Raymond James has named Amar Krishnamurti as a managing director in the technology and services investment banking practice. Previously, he worked at Jefferies LLC where he was a senior member of the firm’s technology investment banking practice focused on advisory and capital raising services for middle-market companies. PRESS RELEASE ST. PETERSBURG, Fla. – Raymond James has hired experienced finance professional Amar Krishnamurti as a managing director in the Technology & Services Investment Banking practice. Krishnamurti will help lead the firm’s efforts in the Infrastructure Software and emerging “Internet of Things” sectors, areas in which he has extensive experience both domestically and internationally. “Amar is a highly regarded professional with an exceptional understanding of the Infrastructure Software space,” said Brendan Ryan, managing director and co-head of the Technology & Services Investment Banking practice. “His broad experience across the technology ecosystem makes him adept at delivering superior results to clients, and we
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PE-backed Acuity recruits Anderson as CEO

Acuity Eyecare Group, a portfolio company of Riata Capital Group, has appointed Eric Anderson as CEO. Previously, he was executive vice president at Fossil Group. Acuity owns and operators eyecare groups and optometry practices in North America. PRESS RELEASE DALLAS, March 14, 2018 /PRNewswire/ — Riata Capital Group (“Riata”) today announced that Eric Anderson has joined Acuity Eyecare Group (“Acuity”), a Riata portfolio company that owns and operates leading North American eyecare groups and optometry practices, as Chief Executive Officer. Anderson is a proven industry leader who brings over three decades of business and optical industry experience spanning multi-billion dollar companies across both domestic and international markets. He most recently served as Executive Vice President at Fossil Group, leading its $3 billion multi-brand licensed portfolio. Prior to Fossil, he spent almost 20 years at Luxottica in several prominent leadership positions, including President and GM of LensCrafters North America.
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PE-backed ArbiterSports expands C-suite team with two new hires

Sandy, Utah-based ArbiterSports, a provider of athletic event management solutions to school athletics departments and sports leagues, has named Jeff Moore as chief revenue officer and John Hopkins as chief financial officer. Previously, Moore was vice president of sales for Rocky Mountain West at Renaissance Learning while Hopkins was CFO of Zions Bancorporation‘s net deposit unit and also as an owner/operator of two successful McDonald’s restaurant franchises. ArbiterSports is backed by Serent Capital. PRESS RELEASE SANDY, Utah, March 14, 2018 /PRNewswire/ — ArbiterSports today announced the addition of Jeff Moore to the executive team as the company’s chief revenue officer (CRO) and John Hopkins as the company’s chief financial officer (CFO). Moore is a seasoned sales executive with nearly two decades in the cloud-based education industry, and Hopkins has spent the last 25 years in executive positions within software and banking operations. “We are excited to have Jeff
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VC-backed Turnitin adds ex-U.S. Secy of Education to board

Oakland, California-based Turnitin, a service that aims to detect student plagiarism, has named Arne Duncan, former U.S. Secretary of Education, to its board of directors. Currently, Duncan, who served as U.S. Secretary of Education from 2009 to 2015, is the managing partner of Emerson Collective. Turnitin is backed by Insight Venture Partners, GIC, Norwest Venture Partners, Lead Edge Capital and Georgian Partners. PRESS RELEASE OAKLAND, Calif.–(BUSINESS WIRE)–Arne Duncan, former United States Secretary of Education, has joined the Turnitin Board of Directors. Duncan, United States Secretary of Education from 2009 through December 2015, is currently the managing partner of education group Emerson Collective. Mr. Duncan brings considerable experience in large scale deployment and adoption of educational technology in K-12 and higher education. The Emerson Collective believes that to affect change in education, companies must demonstrate three qualities: integrity, measurable impact, and scalable solutions. Turnitin delivers academic
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UK venture firm LocalGlobe taps Hawkins as partner

London-based venture firm LocalGlobe has named Julia Hawkins as a partner, according to a source familiar with the firm. Hawkins will focus on media and health tech investments. Her work background includes stints at Goldman Sachs, BBC Worldwide and Universal Music. 

Insignia Capital announces promotions

Insignia Capital Group has promoted Pradyut Shah to managing director, Julian Hinderling to principal and Nick DeTrempe to vice president. PRESS RELEASE Walnut Creek, CA, March 7, 2018 — Insignia Capital Group, a leading middle-market private equity firm, today announced the promotions of Pradyut Shah to Managing Director, Julian Hinderling to Principal and Nick DeTrempe to Vice President. “My partners and I are thrilled to recognize the well-earned promotions of these talented individuals,” said David Lowe, Chairman & CEO of Insignia. “The promotions are a reflection of their important contributions to the growth and success of the firm, and further enhance our ability to help founders and management teams realize their full potential. We look forward to their continued contributions.” These promotions will assist Insignia in fulfilling its mandate to make equity investments in profitable, growing companies with $5-30 million of EBITDA. Insignia will selectively pursue larger platform investments
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Carleton College recruits BlackRock’s Deshler as CIO

Carleton College has named Kelsey Deshler as its new chief investment officer. Recently, Deshler was global head of manager research at BlackRock. She will relocate to Minnesota and join Carleton in late March. PRESS RELEASE NORTHFIELD, Minn., March 13, 2018 /PRNewswire-USNewswire/ — Carleton College is pleased to name Kelsey Deshler as its new chief investment officer (CIO). Deshler was most recently global head of manager research at BlackRock in New York City. She will relocate to Minnesota and join Carleton in late March. She replaces Jason Matz, who left Carleton after 12 years to become CIO of the GHR Foundation. “We are delighted to have Kelsey join Carleton as our new CIO, bringing her vast skill set and experience to lead and build Carleton’s investment office,” said Justin Wender, Board of Trustee member and chair of the college’s investment committee. At BlackRock, Deshler managed a global team of investment
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PE-backed Citra Health Solutions taps Sanner as CEO

Citra Health Solutions, a portfolio company of Great Point Partners, has named Scott Sanner as CEO. His appointment becomes effective immediately. Sanner’s work background including holding several senior positions at Change Healthcare. Based in Jacksonville, Florida, Citra is a provider of benefit administration technology solutions and care management services. PRESS RELEASE GREENWICH, CT and JACKSONVILLE, FL – Great Point Partners II portfolio company, Citra Health Solutions, a trusted provider of benefit administration technology solutions and care management services, announced today the appointment of Scott Sanner as Chief Executive Officer effective immediately. Mr. Sanner brings nearly 30 years of relevant industry experience to this new role having previously held positions at Change Healthcare including oversight of Communication & Payment Services, as well as Senior Vice President & General Manager of Accountable Care where he grew the ACO business by over 30 percent. Prior to that, Sanner was the Senior
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PE-backed HEPACO appoints Smith as CEO

HEPACO LLC, a portfolio company of Gryphon Investors, has named Kenneth L. Smith as CEO. His appointment is effective immediately. Previously, Smith held senior leadership roles at Fluor Corporation. HEPACO is a provider of environmental and emergency response services. PRESS RELEASE Charlotte, North Carolina – March 13, 2018 —HEPACO, LLC, a leading provider of environmental and emergency response services across 30 offices in the Eastern United States, announced today that it has named former Fluor Corporation executive Kenneth L. Smith as Chief Executive Officer, effective immediately. Mike Szomjassy, who has served as Interim CEO, will continue to serve on HEPACO’s Board of Directors. Ken Smith
Mr. Smith has more than 34 years of management, operations, sales, engineering, and construction experience across industrial and environmental verticals. Prior to joining HEPACO, Mr. Smith served in various leadership positions over a 20 year tenure at Fluor Corporation. He was most recently
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VC-backed UiPath beefs up C-suite with two new hires

New York City-based UiPath, a platform for enterprise robotic process automation, has appointed Craig Bumpus as chief revenue officer and Vargha Moayed as chief strategy officer. Previously, Bumpus worked at Nutanix where he served as senior vice president of sales while Moayed was at EY where he was a partner leading advisory services in Romania. UiPath is backed by Accel, CapitalG, Kleiner, Perkins, Caufield & Byers, Credo Ventures, Earlybird’s Digital East Fund and Seedcamp. PRESS RELEASE NEW YORK–(BUSINESS WIRE)–UiPath, the leading enterprise Robotic Process Automation (RPA) software company, has named Craig Bumpus as chief revenue officer and Vargha Moayed as chief strategy officer. The executive appointments come on the heels of the company’s significant growth in 2017 and recent venture capital funding of $153 million. Craig Bumpus, chief revenue officer
In the role of chief revenue officer, Craig is responsible for formulating and executing long-term, sustainable strategies for compelling
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Perkins Coie adds new partner to team

Law firm Perkins Coie has named Elizabeth Kemery Sipes as a partner, focusing on private investment funds. Previously, she was a partner at Bryan Cave. PRESS RELEASE DENVER, Colo. (March 12, 2018) – Perkins Coie is pleased to announce that Elizabeth Kemery Sipes has joined the firm’s Denver office as a partner in the Corporate practice with a focus on representing private investment funds. Elizabeth advises the sponsors of private investment funds, including private equity, venture capital funds, real estate private equity and hedge funds, on matters involving structuring onshore and offshore funds, upper tier management and general partner entities, reorganizations, side letter negotiations and investment adviser registrations and exemptions. “Elizabeth’s considerable experience providing investment counsel to clients with sophisticated global financial interests strengthens Perkins Coie’s role as recognized trusted advisors for clients with specialized investment needs,” said Michael Glaser, Co-Chair of Perkins Coie’s Corporate Practice. “Elizabeth’s background strongly complements
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PE-backed PDC Brands hires Owen as CFO

PDC Brands, a provider of beauty and personal care products, has appointed John F. Owen as chief financial officer. Previously, Owen was CFO of Beam Suntory. PDC Brands is backed by CVC Capital Partners and  Leonard Green & Partners. PRESS RELEASE STAMFORD, Conn., March 12, 2018 /PRNewswire/ — PDC Brands (“PDC” or the “Company”) announced today that John F. Owen has been appointed Chief Financial Officer of PDC effective today. Mr. Owen will hold responsibility for the Company’s global financial operations and will report to James Stammer, Chief Executive Officer of PDC. Mr. Stammer remarked, “I am delighted to add John to PDC’s talented management team. John brings us over 30 years of experience with leading multinational branded consumer products companies and a strong financial and operational track record building enduring multi-billion dollar businesses. I believe that adding an executive of John’s caliber is a strong endorsement of
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ASGARD appoints Eichel as principal for advisory group

ASGARD Partners & Co has named Jeff Eichel as a principal in its advisory group. Eichel’s work background includes serving as a manager at Ernst & Young. PRESS RELEASE NEW YORK, March 12, 2018 /PRNewswire/ — ASGARD Partners & Co. (“ASGARD”) is pleased to announce that Jeff Eichel has joined the firm’s New York office as a Principal in its Advisory Group. His responsibilities will include transaction execution as well as providing strategic and operational advice to clients and the firm’s portfolio companies. Robert Beall, Co-Founder and COO of ASGARD stated, “Our commitment to constantly improve and develop as an organization is critical to our success. Bringing Jeff onboard is an important step in furthering our mission to serve clients with strategic and operational needs, helping them create lasting value. We are very fortunate to have such a talented individual join our team.” Jeff spent several years as a
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Proskauer taps Bull as partner for M&A and private equity practice

Law firm Proskauer has added Richard Bull as a partner to its M&A and private equity practice. Bull will be based in London. PRESS RELEASE March 12, 2018 (London) – Continuing its strategic growth in London, international law firm Proskauer announced today the arrival of leading corporate lawyer and private equity specialist Richard Bull. “Richard shares Proskauer’s vision of serving asset managers, and his extensive experience in private equity and growth capital transactions will be a terrific asset,” said Mary Kuusisto, head of Proskauer’s London office. “We continue to build an acclaimed team and believe in offering true business partners to our clients.” Mr. Bull has a domestic and international corporate practice, including M&A, private investments and joint ventures. Representing asset managers in connection with their investments, he focuses on financial services and technology. He also advises financial institutions on corporate venture investments and growth/expansion activities. Mr. Bull is
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OurCrowd opens new London office

Jerusalem-based OurCrowd, a global equity crowdfunding platform, has opened a new office in London. Lina White, a former Goldman Sachs banker who is OurCrowd’s new director of investor relations, will lead the UK operations. PRESS RELEASE LONDON & JERUSALEM–(BUSINESS WIRE)–OurCrowd, a global leader in equity crowdfunding, today announced the opening of a new office located in Mayfair, London, the 10th dedicated location worldwide. The new office will support OurCrowd’s growing community of British investors interested in funding early stage high-growth companies. With a current reach of 25,000 global investors across it’s platform, OurCrowd expects to add hundreds of new UK investors through exclusive events, increasing UK deal flow, close collaboration with leading venture capital funds, and helping Israeli startups penetrate the UK market. “The UK is Israel’s second largest trading partner, and OurCrowd has already proven to be a true bridge between these two countries,” said Hugo Bieber,
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Littlejohn promotes two to MD

Littlejohn & Co LLC has promoted Gentry Klein and Brian Michaud to managing director. Both joined the Greenwich, Connecticut-based investment firm in 2007. PRESS RELEASE GREENWICH, CT – March 12, 2018 – Littlejohn & Co., LLC (“Littlejohn”), a private investment firm based in Greenwich, CT, today announced the promotions of Gentry Klein and Brian Michaud to Managing Director. “We are proud of the high-caliber team we have built at Littlejohn and these promotions recognize individuals whose expertise contributes to the success of the firm, our portfolio companies and our investors,” said Michael Klein, Chief Executive Officer of Littlejohn. “Gentry and Brian both joined Littlejohn in 2007 and have distinguished themselves as respected leaders and proven investment professionals. They embody the qualities we seek in our employees and we look forward to their future contributions.” Brian Michaud, a member of the Private Equity team, played significant roles in the
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Goldman CEO Blankfein prepares to exit as soon as year-end: WSJ

Lloyd Blankfein could step down as Goldman Sachs Group Inc (GS.N) chief executive as soon as the end of the year, the Wall Street Journal reported on Friday, swiveling the focus to fierce competition between the two contenders to replace him. Blankfein, 63, one of the longest-serving CEOs on Wall Street, has led what is viewed as the most powerful U.S. investment bank for nearly 12 years. He has outlasted calls for his departure in the aftermath of the 2007-2009 financial crisis and stayed in the job even as he battled cancer. Goldman is not looking beyond presidents and co-chief operating officers Harvey Schwartz and David Solomon to replace him, the Journal reported, citing people familiar with the matter. The two men were promoted to their current positions in December 2016. It follows a typical succession plan pattern at the Wall Street bank, which tends
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Qualcomm taps Henderson as non-exec chairman, Jacobs is out as exec chair

San Diego, California-based Qualcomm, a producer of wireless telecommunications products and services, has named Jeffrey W. Henderson as non-executive chairman of its board of directors. Dr. Paul E. Jacobs will no longer serve as executive chairman as the board has discontinued the role; however, Jacobs will remain on the Qualcomm board. Currently, Henderson is an advisory director to Berkshire Partners LLC. Also, he is a former chief financial officer of Cardinal Health Inc and has held management positions at Eli Lilly and General Motors. PRESS RELEASE SAN DIEGO, March 9, 2018 /PRNewswire/ — Qualcomm Incorporated (NASDAQ: QCOM) today announced that Dr. Paul E. Jacobs will no longer serve as Executive Chairman of the Qualcomm Board of Directors. Dr. Jacobs will continue to serve on the Qualcomm Board, but will no longer serve in an executive management capacity. The Board has discontinued the role of Executive Chairman, which was established
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