Henderson and Keogh are among those on the move this week
From our Women's PE Briefs - week commencing April 5, 2021
Henderson leaves RJD Partners to join Growth Capital Partners
Emily Henderson has left her role as an investment director with RJD Partners to join another UK private equity firm. Emily is now an investment director with Growth Capital Partners. Prior to her five-and-a-half year stint with RJD, Emily worked in the deal advisory practice at KPMG.
Balderton Capital adds Ahluwalia to its investment team
Balderton Capital adds Shikha Ahluwalia to its investment team. Shikha joined the London venture firm as an associate and will focus on Germany, Austria and Switzerland, which is known as the DACH region. She will be based in Berlin. Shikha is a co-founder of SBL, India’s largest direct-to-consumer women’s fashion e-commerce company, and also provides consulting services to retailers.
Balderton currently has 10 investments in DACH, including SOPHiA GENETICS, McMakler and Contentful. Balderton has raised eight funds, totaling more than $3 billion. Balderton’s investment team includes partner Rana Yared, who joined the firm last year.
Cai joins B Capital Group to head its newly formed China team
Daisy Cai leaves her role as a partner with SoftBank Vision Fund to take on a key role with B Capital Group. Daisy joined the global VC firm as a general partner and will head its newly formed China unit out of Hong Kong. The unit will look to invest in data-driven and software defined businesses.
Daisy’s background also includes roles with Goldman Sachs and Baidu Ventures.
Daisy's appointment comes as the firm closes a new $415 million fund to invest in the high-performing, later-stage companies in its portfolio. B Capital in 2020, closed its second fund at $820 million to invest in growth-stage startups. The firm was founded in 2014 by Raj Ganguly and Facebook co-founder Eduardo Saverin.
Tuttle is named co-chief investment officer of Boston Family Advisors
Laura Tuttle is named co-chief investment officer of Boston Family Advisors, an investment and wealth management firm that caters to private equity and venture capital executives and entrepreneurs.
Laura recently served as a director at SCS Financial, a multi-family office. Previously, she spent 12 years at Cambridge Associates where she was managing director in the private client practice.
She will share the CIO duties at BFA with Warren Gibbon, who joined the firm last year. BFA was founded in 2018.
Keogh named chief people officer and growth partner with Great Hill Partners
After more than a decade as chief human resources officer at HP, Inc., Tracy Keogh is set to join a private equity firm. Tracy will become chief people officer and growth partner with Great Hill Partners on May 3. In those roles, Tracy will oversee and scale all people-focused and human resources initiatives at Great Hill and support growth across the firm’s portfolio through strategic talent initiatives.
Based in Boston, Great Hill has raised nearly $8 billion and invested in more than 75 companies over the past two decades.
Pofcher leaves her role as operating partner with L Catterton to become CEO of Hanna Andersson
Sally Pofcher leaves her role as an operating partner with L Catterton to take the reins of one of the firm’s portfolio companies, one well known for its children’s clothes. Sally is now CEO of Hanna Andersson, which L Catterton acquired in 2016. She is the first mother to serve as CEO of the Portland, Ore. company since Gun Denhart, the brand’s founder.
Hanna Andersson was founded in 1983 and designs products for children ages newborn to 12 with a complementary assortment of family apparel. The company is also known as the original maker of family matching pajamas.
Sally joined L Catterton in 2017 after serving as CEO and then chairman at Paper Source. While at Paper Source, she grew the company from 20 stores to more than 100 and led the sale process that saw Investcorp acquire it from Brentwood Associates in 2013. Sally’s background also includes serving as a senior vice president with Gap, Inc. and as a partner with McKinsey & Company.
While at L Catterton, Sally advised on deal evaluation and portfolio company performance and served as a board member for multiple companies, including Sweaty Betty and Cover FX.
Mitchell leaves O’Melveny & Myers to join Palladium Equity Partners
Nancy Mitchell leaves her role as a partner with law firm O’Melveny & Myers, LLP to join a private equity firm. Nancy has joined Palladium Equity Partners, LLC as chief administrative officer, a newly created position.
During Nancy’s 34-year career as a lawyer and investment banker, she has regularly counseled private equity clients – including Palladium. Prior to joining O’Melveny in 2018, Nancy co-chaired the restructuring practice of Greenberg Traurig, LLP. Previously, she served as an executive director for CIBC World Markets Corp. where she was a member of the restructuring/leveraged finance team.
A middle market private equity firm, Palladium has nearly $3 billion in assets under management. Founded in 1997, Palladium has made 36 platform investments and 140 add-on acquisitions.
Harlem Capital promotes Cazeau and Goldstein and brings aboard DeTommaso
Harlem Capital promotes Gabby Cazeau and Kelly Goldstein and brings aboard Nicole DeTommaso as the diversity-focused venture firm closes its second fund. Gabby and Kelly are now both principals while Nicole, who had served as a firm intern, is now a senior associate.
Gabby joined the firm last year after earning her MBA from the Yale School of Management. Prior to Yale, she worked in R&D and innovation at General Mills.
Kelly also joined Harlem in 2020 after earning her MBA from the University of Michigan Ross School of Business. Prior to business school, she worked in global brand development and marketing with Unilever and Edelman.
Harlem closed the new fund at $134 million, beating its $100 million target and more than tripling its $40 million 2019 fund. The firm will look to use the fund to invest in 45 companies. Founded in 2015, Harlem Capital is seeking to invest in 1,000 diverse founders over the next 20 years.
The firm’s first fund has invested in 23 companies to date, including WorkChew, which was co-founded by Maisha Burt and Allyson McDougal; Wellory, which was founded Emily Hochman; and Wagmo, which was co-founded by Christie Horvath and Alison Foxworth. The portfolio is comprised of 61 percent Black or Latino-led companies and 43 percent women-only led companies. It has enough powder for five more investments.
Suddath leaves Blackhorn Ventures to join Next Frontier Capital
Kirsten Suddath leaves her role as a senior associate with Blackhorn Ventures to join Next Frontier Capital. Kirsten is now a senior associate with the Montana venture firm, which just closed its third fund at $800 million. Kirsten’s background includes serving as an entrepreneur in residence with Techstars Accelerator.
MidOcean Partners adds industry veteran Tanca to its investor relations team
MidOcean Partners adds industry veteran Leslie Tanca to its investor relations team. Leslie is now a vice president with the New York alternative asset manager. Leslie has worked for MidOcean on a consulting basis for the past year. She previously was senior vice president at Pinnacle Trust Partners and also held roles at Portfolio Advisors and Siguler Guff & Co.
MidOcean specializes in middle market private equity and alternative credit investments.
N4 Partners adds Wallace to its team
N4 Partners adds Jacqueline Wallace to its team. Jacqueline is now the Glasgow, Scotland investment firm’s financial controller. Her background includes roles with Morgan Stanley, Babcock Marine Clyde and Edwin James. N4 was formed in 2020.
Coleman joins WindRose Health Investors as head of investor relations
After five years as director of investor relations at Court Square Capital Partners, Catherine Coleman has joined another private equity firm. Catherine is now head of investor relations at WindRose Health Investors.
A health care-focused private equity firm, WindRose has more than $1.2 billion in capital under management. It closed its fifth fund at $750 million in 2019.
Catherine joined Court Square in 2014 from PricewaterhouseCoopers. She was promoted to director of investor relations in early 2016.
Williamson, Milne, Tsiouris-Gabriele and Zhang earn promotions at Hamilton Lane
Kristin Williamson, Megan Milne, Rachel Tsiouris-Gabriele and Xiaying Zhang are among those who Hamilton Lane has promoted. Kristin, who is on the corporate marketing and communications team, was named a managing director. Megan, who is on the client service team, was named a principal as were Rachel and Xiaying, both of whom are on the firm’s business development team.
A global private markets investment management firm, Hamilton Lane has approximately $657 billion in assets under management and supervision, comprised of approximately $76 billion in discretionary assets and approximately $581 billion in advisory assets.
Operator Collective names Mawakana, Hughes Johnson, Brown-Philpot and Schultz to board of advisors
Operator Collective, which is led by Mallun Yen and Leyla Seka, names Tekedra Mawakana, Claire Hughes Johnson, Stacy Brown-Philpot and Erica Schultz to its newly formed board of advisors. The board members will serve as strategic fund advisors and help the leaders of portfolio companies build, grow and scale their companies.
Tekedra is the co-CEO of Waymo. Claire is the chief operating officer of Stripe. Stacy is the former CEO of TaskRabbit and Erica is president, field operations at Confluent.
Operator Collective is backed by more than 100 technology industry operators, investors and founders and focuses on backing companies with diverse founders. Its investments include Spekit, a digital adoption and enablement platform founded by Melanie Fellay and Zari Zahra; Cube, a financial planning and analysis platform founded and led by Christina Ross; DataGrail, which is striving to help brands build customer trust and transparency; SetSail, a sales performance management company; AgentSync, which was co-founded by Jenn Knight; and Guild Education, the education benefits company co-founded by Rachel Carlson and Brittany Stich.
The Dementia Discovery Fund adds Hughes to its team
The Dementia Discovery Fund, which was created to invest in and create companies pursuing therapeutic approaches for age-related dementias, adds Lynne Hughes to its team. Lynne joined the fund as a venture partner and will advise the fund’s portfolio companies on clinical development strategies as they advance their drug candidates into clinical trials.
Lynne recently retired as vice president and global head, medical and therapeutic strategy, neurology with IQVIA, formerly Quintiles and IMS Health, Inc. Her expertise spans many diseases, including Alzheimer’s disease, Parkinson’s disease, pain, multiple sclerosis, acute care, migraine and epilepsy.
The Dementia Discovery Fund is a 250-million-pound fund backed by pharmaceutical companies, Bill Gates, AARP, the NFL Players Association, UnitedHealth Group and the UK Government’s Department of Health and Social Care. It is managed by SV Health Investors, whose leadership team includes managing partner Kate Bingham.
Furmanski joins Patient Square Capital as a partner and head of Patient Square Insights
Patient Square Capital hires Laura Furmanski to head its newly established proprietary research and due diligence center of excellence. Laura joins the Menlo Park, Calif. investment firm as a partner and head of Patient Square Insights.
Laura was most recently a managing director and partner with Boston Consulting Group where she worked with biopharma and medical device companies on a range of R&D, market access and broader strategy topics. Her background also includes serving as head of the bioinformatics business area for QIAGEN and being a partner with McKinsey & Co.
PSI will include a diverse set of experienced scientists and health care experts, all with a focus on delivering insights into technically complex areas of health care including diseases, epidemiology and market sizing, regulatory, policy and reimbursement.
The PSI team will include senior research associate Emily Hartman Guthrie. She was previously a consultant at Boston Consulting Group. Patient Square’s team also includes partner Maria Walker, who is chief financial officer.
Patient Square was formed by Jim Momtazee, who spent 21 years with KKR and led its Health Care Industry Group for more than 10 years.
Norwest Venture Partners promotes Weinmann and Kim
Norwest Venture Partners has promoted Kathryn Weinmann and Hannah Kim. Kathryn is now a vice president while Hannah is a senior associate.
Kathryn was recently honored by the National Venture Capital Association as one of three VCs who was given the Rising Star award. The award recognizes the next generation of venture capital professionals who are rising through the ranks and establishing themselves as future standard bearers of the industry. She is actively involved with firm companies Glow, Learn to Win, Memphis Meats, Praxis Labs, SENREVE and Wyze.
Hannah focuses on growth equity. She joined Norwest after being an investment banking analyst at Cowen and Company.