Sacks Slutzky and Howie among those making moves while Murphy, Kwait Zollo, Hayes, Phing and others celebrate promotions
From our Women's PE Briefs - week commencing April 12, 2021
Catalano joins AmCap as managing director of investor relations
Alice Catalano leaves her role as managing director of investor relations and business development, North America with Sarona Asset Management, Inc. to lead a private equity real estate firm’s capital raising and investor relations efforts. Alice is now managing director of investor relations for AmCap. In that role, she will also be responsible for the firm’s brand management and strategic marketing platforms. Her background also includes leading fundraising and marketing at such other private equity firms as Prostar Capital and NGP Energy Capital Management.
Founded in 1979, AmCap invests in grocery-anchored and necessity retail properties nationwide and manages more than $1 billion of assets.
Hayes and Phing earn promotions at The Riverside Company
The Riverside Company has promoted Anne Hayes and Meranee Phing. Anne, who joined the private equity firm in 2001, and Meranee, who joined in 2005, are both now senior partners on the firm’s Capital Appreciation Fund.
Anne focuses on financing activities related to investments and add-on deals. In 2020, she was involved with Riverside’s investments in Clinical Education Alliance, LLC, Creative Food Ingredients and Red Nucleus Enterprises as well as with add-on acquisitions for Red Nucleus and firm portfolio companies Abracon and SureWerx.
Meranee is on the deal side and has been involved in recent years in the firm’s sales of Sunless, Inc. and Dwyer Group.
The Riverside Capital Appreciation Fund is the firm’s North American fund focused on control buyouts of companies with between $10 million and $35 million EBITDA.
Gummalla joins AE Industrial Partners as a director
AE Industrial Partners adds Mallika Gummalla to its team. Mallika joined the Boca Raton, Fla. private equity firm as a director. In that role, she will evaluate emerging technology themes and manage industrial source networks for new investments.
Mallika was previously a business development director and sales executive for the New England territory at Airtech USA. Her background also includes serving in an array of roles with United Technologies Corp. In 2020, AE brought aboard former United Technologies Corp. executive Kelly Romano as an operating partner. AE’s investment team also includes managing director Laurence Vigeant-Langlois.
AE focuses on aerospace, defense and government services, power generation and specialty industrial markets.
Murphy becomes Wynnchurch Capital’s first female partner
Wynnchurch Capital’s Erin Murphy becomes the private equity firm’s first female partner. Erin joined Wynnchurch in 2010 after being chief risk officer at Quinten Road Fund. Her background also includes holding a variety of risk management and leadership roles at GE Capital.
Erin was involved earlier this year in the acquisition of Insulation Corporation of America, which Wynnchurch is combining with two other portfolio companies. She has also been involved in Wynnchurch’s acquisitions of such companies as Logistik Unicorp, Inc., Team Car Care, Alliance Designer Products, Inc. and Indiana Limestone Company.
Wynnchurch is investing from its $2.27 billion fifth fund. The firm was founded in 1999 and manages $45.2 billion of committed capital.
Barrett joins Shadow Ventures as a venture partner
Dana Barrett, who recently ran unsuccessfully for Congress and is a former TV and radio host, joins a venture firm. Dana is now a venture partner with Atlanta-based Shadow Ventures. In that role, Dana will spearhead communications and serve as a mentor to the firm’s portfolio and multifamily accelerator companies.
A self-taught programmer and founder of a technology services company, Dana later transitioned to media where she focused on tech startups through interviews with founders and investors.
Shadow focuses on backing startups in underserved markets.
Howie is named Smith College’s first chief investment officer
Lisa Howie is named Smith College’s first chief investment officer. Lisa will join the women’s liberal arts college on June 28. Smith’s endowment is valued at more than $2 billion and funds more than one-third of the Northampton, Mass. school’s operating budget. Smith College’s endowment has been managed for the past 17 years by Investure.
Lisa has been a director in the Yale University Investments Office for the past 12 years. In that role, she was responsible for management of the university’s foreign public and private equity portfolios. Lisa spoke earlier this year at the Virtual Women’s Alternative Investment Summit.
Sacks Slutzky leaves JPMorgan’s Private Bank to join Arctos Sports Partners
Robyn Sacks Slutzky leaves her role as co-head of private equity due diligence for JPMorgan’s Private Bank to join a professional sports-focused investment firm. Robyn is now a partner and head of capital solutions with Arctos Sports Partners. In that role, she will lead the firm’s investor relations and capital raising activities, investment strategy and overall firm governance.
Based in Dallas, Arctos is providing growth capital and liquidity solutions to professional sports franchise owners in major North American leagues and European soccer.
Prior to her role with JPMorgan’s Private Bank, she was on Prudential Financial’s private equity team and spent time at Quilvest. Robyn is a past speaker at the Women’s Alternative Investment Summit.
Kwait Zollo promoted to partner at Starting Line
Starting Line’s Haley Kwait Zollo has been promoted as the Chicago venture firm raises its second fund. Haley is now a partner. She joined Starting Line in 2019 from Mac & Mia, where she was vice president of strategy and business operations. Mac & Mia was acquired by Stitch Fix. Previously, Haley led analytics and strategy at Trunk Club, which was acquired by Nordstrom.
Starting Line closed its second fund at $30 million. Investors in the fund include Foundry Group; Vintage Investment Partners; 50 South Capital; and the CEOs of Grubhub, M1 Finance and Tovala. The firm is focused on expanding access to technologies, products, and experiences for the 99 percent of Americans. Starting Line’s investments include Made in Cookware; Cameo, which recently achieved a $1 billion valuation; and Unchained Capital, a bitcoin-backed lender.
Breakout Ventures’ Moore has been promoted to managing partner
Breakout Ventures’ Julia Moore has been promoted. Julia is now a managing partner with the San Francisco venture firm. Breakout is supported by Peter Thiel’s foundation. Breakout has backed 50 tech companies, providing their first $350,000 to $500,000 in funding.
Julia, who has been with Breakout Ventures for five years, is on the boards of Checkerspot and Immusoft. Her investments include Cytovale, Modern Meadow, Phylagen, Opus 12, ShiraTronics, Strateos and Cortexyme, which is now publicly traded.
Prior to joining Breakout, Julia was an associate director at Stanford University where she was on the founding team of a $200 million-funded institute focused on scaling innovative global companies.
Breakout’s team includes managing partner Lindy Fishburne.