Gallegos joins Palladium, Iacomini joins Prime Movers Lab and other notable industry personnel moves
From our Women's PE Briefs - week commencing May 3, 2021
Redinger joins Foundation Investment Partners
Foundation Investment Partners, LLC adds Laura Redinger to its team. Laura joins as a principal to lead business development strategies and execute new investments. Based in Cleveland, Laura previously served as senior vice president at both Key Bank and First Merit Bank where she developed strategies and solutions for commercial banking and capital markets driving growth and retention. Throughout her career, Laura managed structuring, underwriting, and arranging syndicated facilities for leveraged buyouts and middle market businesses in the industrial and health care markets.
Foundation is a value-add private equity firm focusing on investments in niche manufacturing, high value-added distributors, outsourced business service providers, and targeted software developers with EBITDA between $1 million and $5 million.
Gallegos joins Palladium Equity Partners as a managing director
Deborah Gallegos, a one-time chief investment officer for the New York City Comptroller, has joined Palladium Equity Partners. Deborah is now a managing director with the New York private equity firm. Deborah brings 25 years of investment experience, having managed over $100 billion in assets over the course of her career. Most recently, she was a senior investment manager at CSAA Insurance Group.
Palladium also recently brought Nancy Mitchell aboard as chief administrative officer.
Palladium has nearly $3 billion in assets under management and seeks to acquire and grow companies in partnership with founders and experienced management teams by providing capital, strategic guidance, and operational oversight.
Kane earns promotion at Resolute Capital Partners
Resolute Capital Partners promotes Katherine Kane. Katherine, who joined the San Francisco-based private equity firm in 2019, is now the managing director of real estate. In her new role, Katherine will be responsible for overseeing and administering all aspects of the company's real estate transactions, including acquisitions and planning, financial structuring, development, asset management and dispositions.
Prior to joining Resolute, she was the founder and president of the Maestro Fund where she ran multiple investment opportunities, and president of Maestro Consulting where she ran New Hampshire's new market tax credit program.
She currently serves as treasurer and board member of the Portsmouth Housing Authority where she is developing the first tax-credit-funded, 60-plus unit workforce housing project in downtown Portsmouth in over 30 years. Previously, she was appointed by three successive governors to the board and served as treasurer of the State of New Hampshire Business Finance Authority.
Mann joins MidOcean Partners as an operating partner
MidOcean Partners adds Lisa Mann to its team. Lisa came aboard as an operating partner to support MidOcean’s consumer vertical and advise on the firm’s investment efforts in the food and beverage space.
Lisa is currently the chief marketing officer, managing director and head of the consumer practice at Raines International, Inc., an executive search and talent advisory firm. She has held various senior positions at major consumer-focused companies throughout her career, including president of the global nutrition group at PepsiCo and executive vice president and chief marketing officer at KIND Healthy Snacks, as well as several key roles at Kraft/Mondelez International. Additionally, she was the founder and CEO of Think Marketing, a firm she launched to partner with marketing leaders and build brands such as Barilla, Kraft, Barney, GE Appliances, and Bob the Builder.
MidOcean specializes in middle market private equity and alternative credit investments.
Prime Movers Lab brings Iacomini aboard as partner and vice president of engineering
Prime Movers Lab now has six women partners on its investment team. That’s because the firm recently brought aboard Christie Iacomini, who will serve as vice president of engineering. Christie most recently was senior director of advanced systems at Blue Origin where she led development of the space company’s lunar lander from concept through preliminary design. Previously she worked at Paragon Space Development Corp. and NASA.
Earlier this year, Prime Movers brought aboard two other partners: Amy Kruse and Jyothi Devakumar. The firm’s investment team also includes general partner Suzanne Fletcher, partner Carly Anderson and venture partner Gabrielle Sloss. Prime Movers also recently brought aboard Alexandra Kosslyn as head of investor relations. She joined the firm after 15 years at Pershing Square Capital Management.
Prime Movers closed its second fund earlier this year at $245 million. The Jackson, Wyo. firm focuses on backing breakthrough scientific startups.
Makki and Cong join Marathon Asset Management’s heath care team
Marathon Asset Management adds Anna Makki and Yuhe Cong to its health care team. Anna joins as managing director and brings over 15 years of health care investment banking experience from Morgan Stanley, Credit Suisse and most recently Torreya Partners. Yuhe joins as vice president and brings 10 years of credit experience in the health care sector.
Based in New York City, Marathon’s health care team focuses on biopharma royalties and privately negotiated structured transactions in biopharma and life science. These investments provide companies with significant growth capital to bring life improving therapies to patient care worldwide.
Sandbox Industries adds Levin Carter to its health care team as a managing director
Sandbox Industries adds Dr. Jennifer Levin Carter to its health care team, which manages the Blue Venture Fund. Jennifer joined Sandbox as a managing director. She previously was a managing director of JLC Precision Health Strategies, LLC. Jennifer also founded TrialzOWN, which was acquired prior to launch by Integral Health, and N-of-One, which was acquired by Qiagen.
Jennifer becomes the third female managing director on the Blue Venture Fund team, joining Kelsey Maguire and Anna Haghgooie. The Blue Venture Fund is supported by 36 Blue Cross & Blue Shield organizations. It invests in promising emerging companies of strategic relevance to BCBS companies and provides the portfolio with access to BCBS companies to deploy innovation at scale.
Working to implement innovation, Sandbox Industries connects corporate strategic investors with the innovators/entrepreneurs working to disrupt and change areas of critical importance. In addition to health care, Sandbox also has funds focused on insurtech and food and agriculture.
Somrah promoted at Work-Beach
Work-Bench, co-founded by Jessica Lin, promotes Priyanka Somrah. Priyanka is now a senior analyst. She joined the firm after college and focuses on data infrastructure.
Work-Bench is an enterprise technology-focused venture capital firm based in New York City.
Moll joins the Private Funds Group at Proskauer
Proskauer adds Kelli Moll to its Private Funds Group. Kelli joins the law firm as a partner from Akin Gump. Based in New York, Kelli advises on the formation and ongoing operations of hedge funds, credit funds and private equity funds.
Proskauer is a founding sponsor of the Women’s Private Equity Summit.
Kile is joining Access Holdings as the firm's first female partner
After nearly 18 years with ABS Capital, Kimberly Kile is leaving her role overseeing fundraising, investor relations and marketing efforts for the private equity firm to join another Baltimore private equity firm.
Kim is joining Access Holdings as the firm’s first female partner and first head of fundraising, investor relations and communications. The firm focuses on the lower middle market, with a buy-and-build strategy focused on essential businesses.
Kim started at ABS in 2003 as a member of the finance team and then transitioned in 2012 to investor relations. In 2019, she was tapped to lead fundraising, investor relations and marketing after Stephanie Carter retired. Kim was promoted early last year to general partner. Robyn Lehman, who is the firm’s CFO, also holds the general partner title at ABS.
Blackstone promotes Morgan and adds MacColl
Blackstone promotes Jennifer Morgan and brings aboard Paget MacColl. According to the Wall Street Journal, Jennifer is now head of portfolio operations. She joined the firm in November and was formerly co-CEO of SAP SE. Jennifer joined Blackstone to help the firm use technology to drive improvements at its more than 200 companies. In her new role, according to the Journal, she will be tasked with overseeing all aspects of portfolio improvement.
Paget joins the firm as global head of Blackstone Alternative Asset Management’s institutional client solutions. She will lead limited partner relationships and business development globally, leveraging her nearly 20 years of experience working with investors across alternative investments. Paget joins from Goldman Sachs Asset Management where she was co-head of the Americas institutional client business.
Blackstone has $649 billion in assets under management including investment vehicles focused on private equity, real estate, public debt and equity, life sciences, growth equity, opportunistic, non-investment grade credit, real assets and secondary funds.
Herrera joins Reach Capital as a partner
Reach Capital now has five female partners. Jomayra Herrera has joined the educational-focused venture firm whose team also includes partners Jennifer Carolan, Shauntel Garvey, Wayee Chu and Chian Gong.
Jomayra previously spent two years as a principal at Cowboy Ventures, which was founded by Aileen Lee. Prior to Cowboy, she was with Emerson Collective, which was created by Laurene Powell Jobs.
In a blog post, Jomayra – the first person in her family to go to college – writes that she has “always believed that education was the engine for economic mobility.” Having gone to graduate school for education, she started her career at an edtech startup. Jomayra wrote that she is “thrilled to join Reach and recommit to deploying capital towards a sector I care so deeply about and that I believe will help make the world a better place for the girl I was.”
Reach earlier this year closed its third fund at $165 million and has $311 under management.
You can read Jomayra’s blog post here.