Thomas and Guerra Robbins join new firms, Kenig and Kagan earn promotions and other moves from the week
From our Women's PE Briefs - week commencing March 22, 2021
JVP adds Thomas and gives Kenig and Kagan significant new titles
JVP gives Shimrit Kenig and Julia Kagan significant new titles and adds Sara Thomas. Shimrit and Julia are now both partners while Sara has become a venture partner.
Shimrit, who was also named chief operating officer, has managed the firm’s operations for the past two years. Prior to JVP, she served as head of the legal and regulatory department at Schestowitz, which focuses on import, marketing and branding.
Julia, a member of the investment team, is on the boards of Opora and SCADAfence and also involved with Nanit and ControlUp. Prior to JVP, she served six years in the Israel Defense Forces as the head of the tech development team and helped establish Lockheed Martin’s division in Israel.
Sara is the founder of Aspen, an executive search and board advisory firm. In recent years, she has worked with JVP and some of its portfolio companies.
JVP’s team also includes general partner Fiona Darmon; partner Rinat Remler, who is chief financial officer; and venture partner Michal Drayman. JVP, which was formally known as Jerusalem Venture Partners, has raised more than $1.4 billion since its founding in 1993. It has offices in Jerusalem and New York. The firm invests in early through growth-stage companies in an array of sectors, including cybersecurity, Big Data, fintech, foodtech, agtech, digital health, storage and enterprise software.
Revelation Partners adds Sharma to its team
Revelation Partners adds Suchira Sharma to its team as it closes its newest fund. Suchira joined the health care-focused secondary firm as an associate. She was previously a senior analyst with Hercules Capital.
Revelation closed its third at $350 million. The San Francisco firm specializes in providing shareholder liquidity, GP solutions, and growth capital for private health care companies and investors. Revelation invests broadly across all health care sub-sectors, including medical devices, diagnostics, biotech, health care technology and health care services. It now has more than $900 million of committed capital.
Stiverson tapped to co-lead TPG NEXT
Liz Stiverson, a principal and chief of staff in TPG’s executive office, is tapped to co-lead the alternative asset firm’s newly branded initiative aimed at backing diverse talent. Known as TPG NEXT, the initiative will provide growth capital and operating resources to seed, support and scale the next generation of diverse investors and entrepreneurs including women, people of color and LGBTQ+.
In conjunction with the initiative’s launch, TPG said it had partnered with LandSpire Group, a 100-percent Black owned real estate firm focused on investment and development in secondary markets across the United States, and made a minority investment in VamosVentures, an early-stage venture firm that invests in companies led by diverse teams with a special focus on the Latinx community.
Liz will oversee the day-to-day management of the initiative with Justin Nunez, a business unit partner in TPG Public Equity Partners. They’ll work with a group of executive sponsors that includes Anilu Vazquez-Ubarri, a partner and TPG’s chief financial officer.
Founded in 1992, TPG has more than $91 billion of assets under management.
Noggle promoted to managing director at Align Capital Partners
Align Capital Partners’ Katie Noggle has been promoted. Katie, who joined the private equity firm in 2016, is now managing director of business development. She has focused on building up Align’s origination efforts. Katie joined the firm from KeyBank National Association.
Align has offices in Cleveland and Dallas and $775 million in committed capital. Founded in 2015, it targets control investments in lower middle-market companies. In 2020, it completed 23 transactions.
Straub promoted to general partner at Bowery Capital
Bowery Capital’s Loren Straub receives a significant promotion as the seed-stage venture firm closes its third fund. Loren, who joined Bowery in 2015, is now a general partner, according to Forbes. She and Mike Brown, the firm’s founder and managing partner, comprise Bowery’s investment team. They will be investing from a new $70 million fund. Loren joined Bowery after stints with Goldman Sachs and Groupon.
Over the past eight years, Bowery Capital has backed 43 software-as-a-service companies. Among those are Stork Club, a maternity care platform founded and led by Jeni Mayorskaya, and Oncue, a booking service for the moving industry co-founded and led by Kate DeWald.
Wood hired as CFO, Galvin becomes senior advisor at North Sky Capital
Angela “Angie” Wood joins North Sky Capital as chief financial officer, replacing Denise Galvin, who is now a senior advisor with the private equity and sustainable infrastructure investing firm.
Angie joins the Minneapolis firm from Sawtooth Solutions where she was the registered investment advisor’s CFO and chief compliance officer. Her background also includes serving as vice president of finance and administration at private equity firm Mill City Capital, and tax accountant roles with PwC and Baker Tilly.
Denise has been with North Sky for 14 years. In her new role, Denise will provide advice on strategic decisions. In a statement, North Sky CEO Scott Barrington said Denise “has been instrumental to our success, and we could not have done it without her.”
Founded in 2000, North Sky has raised $1.5 billion, including more than $1 billion across nine impact funds. In 2019, it closed its Clean Growth Fund at $220 million.
Guerra Robbins joins Silversmith Capital Partners as a senior advisor
Cindy Guerra Robbins, former president and chief people officer of Salesforce, has joined Silversmith Capital Partners. Cindy is now a senior advisor with the growth equity firm. In that role, she will work with Silversmith’s portfolio companies to help them build healthy and diverse cultures. Since 2016, Cindy has served on the board of firm portfolio company ActiveCampaign.
Cindy joined Salesforce in 2006 as a recruiting manager and rose quickly by working with the company’s business units to optimize their talent and workforce strategies. In 2013, she led a study that motivated CEO Marc Benioff to rebalance gender pay across the company. During her time at Salesforce, the company was ranked No. 1 on Fortune’s list of 100 Best Companies to Work For. She left the company in 2019.
Boston-based Silversmith has $2 billion of capital under management.