Vista Equity Partners Appoints Dan Parant as Global Head of Private Wealth Solutions to Expand Access to Private Market Technology Investments

Vista Equity

20-Year Veteran in Alternative Investment Distribution for Individual Investors Strengthens Vista’s Commitment to Bring Private Market Technology Investments to Broader Investor Base

AUSTIN, Texas, February 15, 2024Vista Equity Partners (“Vista”), a leading global investment firm focused exclusively on enterprise software, data and technology-enabled businesses, today announced the appointment of Dan Parant as Managing Director and Global Head of Private Wealth Solutions. In this new position, Parant will report to Vista’s Global Head of Capital and Partner Solutions, Greg Myers, and will accelerate Vista’s efforts to expand access to investing in private technology companies for financial advisors and their clients globally.

Software is projected to grow at a nearly 17% annual rate and reach a market cap of $25 trillion by 2027.1 Additionally, it’s estimated that ~96% of all software and technology companies remain in the private markets.2 Parant will leverage nearly 20 years of alternative investment distribution experience in the private wealth channel to deliver private market technology solutions tailored to the needs of individual investors across Vista’s equity and credit investment strategies.

“There’s an outsized opportunity for today’s private wealth investor to tap into investment strategies in one of the largest and fastest growing sectors of an increasingly digital global economy – technology and enterprise software,” said Greg Myers, Senior Managing Director and Global Head of Capital and Partner Solutions, Vista Equity Partners. “The majority of technology and enterprise software companies – and therefore investment opportunities in the sector – are in the private markets, where individual investors have been historically under allocated. Dan’s experience and expertise will be crucial to our continued efforts to provide institutional quality solutions to the private wealth channel.”

Parant joins Vista from KKR, where as Co-Head of Americas Private Wealth, he established the firm’s private wealth business over the last 12 years. At KKR, Parant led a team of executives focused on delivering private market funds and semi-liquid evergreen solutions to financial advisors across Wirehouses, Private Banks, RIAs and Independent Broker Dealers in the U.S., Canada and Latin America. Prior, he was a Vice President and Head of Alternatives Business Development for Intermediary Distribution at Neuberger Berman, and a member of the alternatives business at Lehman Brothers.

“Vista is a preeminent firm in technology investing, renowned for its disciplined investment approach and focus on value creation to develop businesses with enduring market value,” said Parant. “I’m excited to join Vista and lead continued efforts to provide pathways for the private wealth channel to capitalize on its differentiated investment strategies and leadership position in the technology sector.”

About Vista Equity Partners

Vista is a leading global investment firm with more than $100 billion in assets under management as of September 30, 2023. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.


(1) Source: Gartner, proprietary research, 10/2023. (2) Source: Gartner, proprietary research, 10/2023.

Categories: People

FTV Capital Promotes Eight Team Members

FTV Capital

We are delighted to announce several promotions across the FTV team, including three senior promotions to principal: Arun SinghTommy Tighe and Shoma Nishikawa.

Arun Singh was promoted to principal and is an investor on FTV’s enterprise technology and services team. Arun is a board member at Agiloft and CloudFactory, and he is a board observer at one of FTV’s most recent investments, Kore.ai, a leading enterprise conversational and generative AI platform for global brands. Arun is also actively involved in Gale Healthcare Solutions and PeopleCert. Arun joined the firm in 2020.

Tommy Tighe was promoted to principal and is an investor on FTV’s enterprise technology and services team. Tommy is a board member at LogicSource, and he is a board observer at one of FTV’s recent investments in vertical software and payments for the utilities sector. Tommy is also actively involved in DataArt and PeopleCert. Tommy joined the firm in 2021.

Shoma Nishikawa was promoted to principal and is a member of FTV’s technology and research team. Shoma manages the ongoing development of FTV’s proprietary sourcing platform, ProSourcer®, and continues to play a leadership role in key technology and data initiatives for the firm. Shoma joined FTV in 2018.

 

In addition, we announced the promotions of four investment professionals to vice president:

Justin Levine was promoted to vice president and is an investor on FTV’s enterprise technology and services team. Since joining the firm in 2019, he has been involved in several investments, including BillingPlatform, Luma, Paddle and ReliaQuest.

Brandon Spierto was promoted to vice president and is an investor on FTV’s financial services team. Since joining the firm in 2019, he has been involved in several investments, including Patra, Embroker, Liberis, Neptune and Tango Card.

Max Weber was promoted to vice president and is an investor on FTV’s financial services team. Since joining the firm in 2019, he has been involved in several investments, including Centaur, Derivative Path, Enfusion, ManyPets, Masttro and Tidal.

Bree Williams was promoted to vice president and is an investor on FTV’s enterprise technology and services team. Since joining the firm in 2021, she has been involved in several investments, including DataArt, LogicSource and Zoovu.

Shannon Hanney was promoted to analyst and is a member of FTV’s talent team.

Please join us in recognizing the many achievements of these individuals. We look forward to their continued success at FTV.

 

Categories: People

Activa Capital recruits Chief Financial Officer with the arrival of Audrey Kahn

Activa Capital

Activa Capital announces the appointment of Audrey Kahn as Chief Financial Officer.
Audrey will be responsible for coordinating the cross-functional activities of Activa Capital
(Administrative and Financial Department, and Investor Relations in particular).
Until now, Audrey was an outsourced CFO for Prodensia, a financial consulting firm, since 2019,
specialized in investment funds.

Audrey previously was a Financial Controller for Committed Advisors, in Private Equity, from 2013 to
2019, supervising more than a 1.7 billion euros assets under management.
Audrey has 11 years of experience within the finance functions of Private Equity and is a graduate of
ESDES, Management School in Lyon.
Christophe Parier and Alexandre Masson, Partners at Activa Capital, declared: « We are delighted to
welcome Audrey in whom we place all our confidence to successfully fulfill his role as CFO and boost
the development of Activa Capital. »

About Activa Capital
Activa Capital is a leading French mid-market private equity firm. Activa Capital manages over €400m
of private equity funds on behalf of a wide range of institutional investors. Activa Capital partners with
ambitious mid-sized French companies, valued at €20m to €200m, seeking to accelerate their growth
and their international footprint.

Learn more about Activa Capital at activacapital.com

Press contacts
Alexandre Masson Christophe Parier Joséphine Barjot
Managing Partner Managing Partner Office Manager
+33 1 43 12 50 12 +33 1 43 12 50 12 +33 1 43 12 50 12
alexandre.masson@activacapital.com christophe.parier@activacapital.com josephine.barjot@activacapital.com

Categories: People

Apollo Names Industry Veteran Harry Seekings Co-Head of Infrastructure

Apollo logo

NEW YORK, Feb. 09, 2024 (GLOBE NEWSWIRE) — Apollo (NYSE: APO) today announced that industry veteran Harry Seekings has been named Co-Head of Infrastructure at Apollo, effective March 11, 2024. Seekings will work alongside Olivia Wassenaar, Head of Sustainability and Infrastructure.

Apollo Co-President Scott Kleinman said, “We are pleased that Harry will join Apollo as Co-Head of Infrastructure. With over 25 years of industry experience, Harry has a proven track record and tested ability to grow and manage transnational teams, and we believe he will play an integral role in driving the continued growth of our Infrastructure franchise. We continue to see compelling opportunities to invest in infrastructure assets, particularly in the mid-market where we can apply our scale, expertise and capital markets capabilities to provide value for companies.”

Seekings said, “Apollo operates one of the industry’s leading mid-market Infrastructure franchises, and I am incredibly excited to help lead the strategy at a time when infrastructure assets increasingly need scaled capital and deep operating expertise. With a flexible mandate and integrated approach to investing, I believe Apollo Infrastructure is well positioned for future growth, and I look forward to working with the team to build on the strong progress underway.”

Apollo’s Infrastructure franchise has a deep bench of talent including seven partners and 25 investment professionals dedicated to the strategy. The team focuses on mid-market businesses and assets, and key investment themes include the global energy transition, digital infrastructure, global supply chain and sustainable living.

Seekings joins Apollo from InfraRed Capital Partners where he held several leadership roles, including Managing Partner and Head of Infrastructure, overseeing a business line with over 100 professionals across London, New York and Sydney. Prior to this, he led InfraRed’s business development activities in North America and participation in public-private partnerships procurements in Canada and the U.S. He holds a Master of Philosophy in European Studies from Peterhouse, University of Cambridge and a Master of Arts with Honors in Modern History from Jesus College, University of Oxford.

About Apollo
Apollo is a high-growth, global alternative asset manager. In our asset management business, we seek to provide our clients excess return at every point along the risk-reward spectrum from investment grade to private equity with a focus on three investing strategies: yield, hybrid, and equity. For more than three decades, our investing expertise across our fully integrated platform has served the financial return needs of our clients and provided businesses with innovative capital solutions for growth. Through Athene, our retirement services business, we specialize in helping clients achieve financial security by providing a suite of retirement savings products and acting as a solutions provider to institutions. Our patient, creative, and knowledgeable approach to investing aligns our clients, businesses we invest in, our employees, and the communities we impact, to expand opportunity and achieve positive outcomes. As of December 31, 2023, Apollo had approximately $651 billion of assets under management. To learn more, please visit www.apollo.com.

Contacts
Noah Gunn
Global Head of Investor Relations
Apollo Global Management, Inc.
(212) 822-0540
IR@apollo.com

Joanna Rose
Global Head of Corporate Communications
Apollo Global Management, Inc.
(212) 822-0491
Communications@apollo.com

 


Primary Logo

Source: Apollo Global Management, Inc.

Categories: People

FM Capital Names Jake Sigal & Massimo Baldini Technology Operating Partners

FM Capital

They bring deep experience in automotive software and successful exits to help vet investments and accelerate the success of FM Capital portfolio companies

Massimo Baldini and Jake Sigal, Technology Operating Partners at FM Capital

FM Capital, a venture capital company focused on early-to-mid stage companies in automotive and transportation technology has named auto tech pioneers Jake Sigal and Massimo Baldini as Technology Operating Partners.
FM Capital, a venture capital company focused on early-to-mid stage companies in automotive and transportation technology has named auto tech pioneers Jake Sigal and Massimo Baldini as Technology Operating Partners.

DETROIT, Feb. 07, 2024 (GLOBE NEWSWIRE) — FM Capital, a venture capital company focused on early-to-mid stage companies in automotive and transportation technology has named auto tech pioneers Jake Sigal and Massimo Baldini as Technology Operating Partners. The pair will not only provide a range of advisory and due diligence services for FM Capital and its portfolio companies, but have also invested in FM Capital’s Fund IV.

FM Capital has operating experience across OEM distribution, dealer tech and mobility services as well as a base of strategic limited partners. The emergence of the software-defined vehicle, alongside industry digitization and decarbonization has highlighted the need for pragmatic and progressive applications that deliver value to customers and efficiency for automakers, a perfect match for Sigal and Baldini’s backgrounds.

The pair are successful entrepreneurs who have founded, developed, and sold automotive technology companies and also helped build an innovation culture in and around the Detroit area. Sigal is a Detroit-based serial tech entrepreneur working at the intersection of the consumer experience and the automotive and mobility industries. He is an active board member of the Consumer Technology Association (CTA), which produces the annual CES show. He has also been a major advocate for innovation in the state of Michigan, working with the Michigan Economic Development Corporation, serving as an early stakeholder and advisor with Techstars Mobility Detroit, and working with universities and startup incubators.

Baldini put his chemistry degree to work for blue chip companies, including Procter & Gamble and Whirlpool, then subsequently switched to business and operations after earning his MBA. The pair co-founded and led two tech companies, Livio and Tome, which were acquired by Ford and Valtech, in 2013 and 2023, respectively.

“Jake and Massimo offer existing portfolio companies and prospects access to their hard-won insights from funding, scaling and delivering solutions in the automotive space,” said Chase Fraser, FM Capital Managing Partner. “They know what Motor City wants and needs – and can help our portfolio companies adapt to changing realities in the market.”

Their core areas of focus include: assisting with strategy, identifying technology trends and investment targets, and engaging with portfolio and target companies for technical readiness and due diligence.

“In the current environment, it’s more important than ever to not only understand what OEMs need, but also how to deliver innovation and drive adoption,” said Mark Norman, Managing Partner at FM Capital. “Jake and Massimo’s success in founding and exiting venture-backed companies is incredibly useful for both new investments and existing portfolio companies.”

“Although we’ve served as special advisors and provided technical due diligence for several years, we see a huge opportunity to leverage FM Capital’s platform for even greater impact,” said Jake Sigal. “We believe we expand the playing field for innovative auto tech companies in Detroit through not only our experience and networks, but also our ability to close the founder-funder gap that can hold back companies from rapid growth and execution.”

FM Capital’s investment focus is on early to mid-stage companies across a range of transportation technologies, including: auto commerce, autonomy and sensors, connectivity and fleet management, energy transition and smart mobility. The firm identifies trends and partners with teams who are reinventing the movement of people and goods and redefining how transportation services are delivered and consumed.  FM Capital typically invests between $5-10 million in companies with transformative solutions in transportation at the series A stage or the first institutional round.

About FM Capital
FM Capital is an investment firm dedicated to transforming transportation, partnering with entrepreneurs to provide clean, safe and efficient movement of people and goods as well as to innovate the customer and dealer experience in the sale and service of vehicles.  The firm’s unique and proprietary investment sourcing process drives high quality deal flow while its rapport and active engagement with management drive portfolio performance. FM Capital is comprised of industry professionals with deep experience investing and operating across the industry. More information is available at www.fmcap.com.

Categories: People

ContourGlobal Appoints Antonio Cammisecra As Chief Executive Officer

KKR

London, 5 February 2024 – ContourGlobal Ltd. (“ContourGlobal”), a developer, owner and operator of power generation assets around the world, today announces the appointment of Antonio Cammisecra as CEO, effective 2 February, 2024.

During his international career at Enel Group spanning more than two decades, Antonio contributed to the expansion of Enel Green Power into a renewables supermajor and accelerated the decarbonization of a power generation fleet with 84 GW managed in 20 countries. He also led, between 2020 and 2023, the Enel Grids business overseeing a portfolio of more than 2.2 million km of power distribution lines, across eight countries.

In joining ContourGlobal, Antonio brings solid expertise in navigating structural challenges of the energy transition: from the pioneering of renewables to their massification and mainstreaming, from the sustainability transformation in the energy business to dealing with the resilience and climate adaptation of infrastructures, as well as leveraging internal talent and external ecosystems to accelerate industrial and financial innovations.

Antonio will be responsible for steering ContourGlobal’s investment strategy towards decarbonising the Company’s footprint and growing the platform in sustainable technologies critical to the transition of the power sector. He succeeds CEO Joseph C. Brandt who is stepping down after seventeen years leading the company.

Antonio Cammisecra commented: “I am thrilled to join ContourGlobal at an exciting and demanding time for the business that will undertake a solid growth strategy of its power portfolio, accelerating its renewable development activities and leading the transition of thermal assets to lower carbon solutions. This is a global trend that I have long been engaged with throughout my career. I look forward to working with the talented management team, my new colleagues, and KKR, a shareholder with an impressive track record of energy and renewables investing that brings a long-term view and is helping to accelerate the energy transition within the Company’s portfolio.”

Ryan Miller, Managing Director in KKR’s Infrastructure team and Board member of ContourGlobal, added: “We are delighted to welcome Antonio to ContourGlobal at an exciting time for the business.  ContourGlobal is a leading platform driving transition of the power sector and developing sustainable power. Antonio brings an incredible breadth of experience in leadership roles across the energy transition sector, and we are thrilled to have him on board to take ContourGlobal to the next level.”

— Ends —

About ContourGlobal

ContourGlobal is a global developer, owner, and operator of over 6.2 GW of electricity generating facilities around the world, relying on diversified technologies and driving the low-carbon transition through innovation and operational performance.  ContourGlobal generates electricity for large-scale utility and private companies in renewable electricity production with deep expertise in wind, hydro, solar and battery storage, and in thermal electricity production where we balance environmental sustainability with energy security and affordability.  ContourGlobal operates 131 assets in 20 countries across Europe, the Americas, and Africa.  ContourGlobal is committed to operational excellence, the highest standards of health and safety, and making the communities where we work better because we are there.

Media Contact: Investor.Relations@ContourGlobal.com

 

Categories: People

Cinven transitions management team

Cinven

Increased size and scope of firm supported by new leadership

International private equity firm Cinven today announces that Bruno Schick, Jorge Quemada and Supraj Rajagopalan will become equal Co-Managing Partners of the firm, reflecting the significantly increased size of the firm’s recently raised Eighth Fund, AUM, employee numbers and international footprint. Stuart McAlpine will become Chairman of the firm and remain a standing member of its Investment Committee.

Bruno, who has led Cinven’s highly successful investment strategy in the DACH region, will chair the Portfolio Review Committee, the committee that oversees the Funds’ value creation across portfolio companies, and have oversight of the portfolio; Jorge, who has driven the firm’s successful investment strategy in Iberia since inception, will chair the Investment Committee and have oversight of the Firm’s Investment activities; and Supraj, who has historically led Cinven’s healthcare sector investment team, will lead and manage the day-to-day operations of the firm as CEO and will chair the Executive Committee. Together they will determine the strategic direction and development of Cinven in collaboration with its Executive Committee and Partner group and broader Cinven team in the best interests of investors and their beneficiaries. Mr Schick and Mr Quemada will continue with their regional responsibilities. 

The evolution of the leadership team and implementation of this succession plan comes with Fund 8, Cinven’s latest fund, progressing well.  Having commenced nearly a year ago, raised $14.5bn (€13.2bn) and reached its Hard Cap, Fund 8 has made two investments, with the Cinven team pursuing an attractive investment pipeline across sectors and geographies. Cinven has successfully led three leadership succession processes since it became independent in 1995.

Cinven was founded in 1977 and it has continuously innovated in its almost 50-year history of creating compelling returns for its Limited Partners:  it raised the first billion-plus Europe-focused fund in 1996, led the first €1bn European MBO in 1998, and has raised more than €55bn since then.

Under Stuart McAlpine’s leadership, Cinven’s strategic development has continued at significant pace:  AUM has increased from €11bn to €44bn and the capacity and geographic coverage of the firm has also expanded significantly with employee numbers more than doubling to 260 with offices now in Frankfurt, Guernsey, London, Luxemburg, Madrid, Milan, New York and Paris. 

The three new Co-Managing Partners together have over 50 years of experience at Cinven and 65 years in Private Equity, and have worked closely together in the Executive Committee, Portfolio Review Committee and Investment Committee of Cinven across multiple Cinven funds.

In a joint statement, Messrs Schick, Quemada and Rajagopalan said today:

“We would like to thank Stuart for his exemplary leadership of the firm. Under his guidance, Cinven has grown significantly without compromising our distinctive culture of partnership, respect, and commitment to excellence. We are delighted the firm will continue to benefit from his experience as Chairman and a member of our Investment Committee. 

As Co-Managing Partners, we look forward to leveraging our long-standing, close relationship as we steer the firm into its next phase of growth and continue our track record of delivering exceptional returns for our investors. 

The private equity asset class is evolving at the fastest rate in its long history and we are confident that our new management structure and leadership team – working alongside our exceptional colleagues across Europe and the U.S. – see us well-placed to capture future growth and innovation. 

We are excited and humbled to have been given the opportunity to serve our investors, our Cinven team, and our other stakeholders as we embark on this new chapter.”

Mr McAlpine added:

“It has been an enormous privilege to lead Cinven for the last eight years. In partnership with our exceptional team, I have been proud to oversee a period of growth, innovation and strategic development for our firm. As we look to the future, I am delighted to step up into the role of Chairman and I look forward to supporting Bruno, Jorge and Supraj as they take over the day to day running of the firm. I know we will continue to go from strength to strength.”

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Categories: People

Nordic Capital Partner Promotions 2023

Nordic Capital

2023 was an eventful year for Nordic Capital. It saw continued strong performance with seven platform acquisitions and three divestments. With its early decision to adapt a specialist mindset and sub-sector strategy, Nordic Capital continues to work with some of the world’s most exciting companies, as well as attracting and developing the industry’s best talent. It is a pleasure to announce four Partner promotions within the investment advisory team, reflecting the firm’s growth, as well as the depth and breadth of the leadership team at Nordic Capital Advisors.

Nordic Capital has continued to build upon its strong talent base, with 230 employees across its fund and advisory teams now working from ten offices in three continents.

In the wake of its ongoing growth and strong performance, Nordic Capital is pleased to welcome four new Investment Advisory Partners, all with a long history at the firm. All four individuals have been promoted within the organisation, in recognition of their contributions to its success, strategy, culture and values.

Joakim Andreasson is based in Stockholm and is part of the Industrial and Business Services team. Joakim joined Nordic Capital Advisors in 2008 and has played a significant role in developing a successful specialised approach within the Advanced Services sub-sector, with key expertise on circular business models and sustainable transformations.

Joel Davidkin is based in New York. He joined Nordic Capital Advisors in 2012 and is a key member of the Healthcare team. Joel has been critical to building Nordic Capital’s presence and expertise in the US market. He has led several significant investments focused on the fields of Medical Technology & Life Sciences.

Christopher Ekdahl is based in Stockholm and is a senior member of the Financial Services team. Since joining Nordic Capital Advisors in 2011, Christopher has played a significant role in developing Nordic Capital’s deep expertise in Financial Services, especially in Retail Lending and Property and Casualty Insurance sub-sectors.

David Samuelson is based in London. He joined Nordic Capital Advisors in 2010 and is a senior member of the Evolution Advisory team, where he specialises in Financial Services and Financial Markets Software in the mid-market segment. David has been vital in developing the mid-market strategy. The Evolution fund closed in record time in 2021 and has since made eight platform investments in Nordic Capital’s selected sectors.

Kristoffer Melinder, Managing Partner, Nordic Capital Advisors, commented:

“At Nordic Capital, success is built on both personal dedication and a collaborative culture with strong team values. These promotions exemplify this, with each of the four new partners adding to the strength and experience of the firm and further building our organisation for the future. Each of the new partners has significantly contributed to Nordic Capital’s growth throughout the years – many congratulations for their well-deserved promotions.”

 

Media contacts:

Nordic Capital
Katarina Janerud
Communications Manager, Nordic Capital Advisors
Tel: +46 8 440 50 50

About Nordic Capital

Nordic Capital is a leading sector-specialised private equity investor with a resolute commitment to creating stronger, sustainable businesses through operational improvement and transformative growth. Nordic Capital focuses on selected regions and sectors where it has deep experience and a long history. Focus sectors are Healthcare, Technology & Payments, Financial Services, and Industrial & Business Services. Key regions are Europe and globally for Healthcare and Technology & Payments investments. Since inception in 1989, Nordic Capital has invested EUR 23 billion in 140 investments. The most recent entities are Nordic Capital XI with EUR 9.0 billion in committed capital and Nordic Capital Evolution with EUR 1.2 billion in committed capital, principally provided by international institutional investors such as pension funds. Nordic Capital Advisors have local offices in Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and South Korea. For further information about Nordic Capital, please visit www.nordiccapital.com.

 

“Nordic Capital” refers to, depending on the context, any, or all, Nordic Capital branded entities, vehicles, structures, and associated entities. The general partners and/or delegated portfolio managers of Nordic Capital’s entities and vehicles are advised by several non-discretionary sub-advisory entities, any or all of which are referred to as “Nordic Capital Advisors”.

Categories: People

Blackstone Announces Thomas R. Nides as Vice Chairman, Strategy and Client Relations

Blackstone

New York – January 29, 2024 – Blackstone (NYSE: BX) announced today that Thomas R. Nides, former long-time Vice Chairman of Morgan Stanley, Deputy Secretary of State, and Ambassador to Israel has joined the firm as Vice Chairman, Strategy and Client Relations. In this new role, Mr. Nides will support a variety of strategic firmwide initiatives and special projects, as well as focus on senior client relationships globally.

Stephen A. Schwarzman, Co-Founder, Chairman and CEO said: “We are delighted to welcome Tom Nides to Blackstone. Tom has operated at the highest levels of both the public and private sectors and brings a wealth of relationships across the financial, government and geographic spectrum. We are still in the early innings of our global expansion and believe he will be a tremendous asset to our people and clients.”

Tom Nides said: “Blackstone’s world-class people, consistent outperformance, and high-integrity culture have contributed to its stature as a leading global investment platform with considerable wind at its back. I’m excited to join this high-caliber team to help support the firm’s continued growth.”

Mr. Nides has extensive experience in both the public and private sector. He served as the United States’ Ambassador to Israel from 2021 to 2023. Prior to that, he spent over a decade at Morgan Stanley in various capacities including Chief Operating Officer and Vice Chairman. Nides was appointed Deputy Secretary of State and Chief Operating Officer of the U.S. State Department by President Barack Obama and was awarded the nation’s highest diplomatic honor by Secretary of State Hillary Clinton for his service. He has also previously been a senior leader at Credit Suisse, Fannie Mae, the Office of the U.S. Trade Representative, and on Capitol Hill.

Nides currently serves on the boards of the Partnership for Public Service, the International Rescue Committee, the Center for Strategic and International Studies (CSIS), and the Urban Alliance Foundation. He received his B.A. from the University of Minnesota. He formerly served as chairman of the board of the Woodrow Wilson Center.

About Blackstone
Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

Media Contact
Matt Anderson
518-248-7310
Matthew.Anderson@blackstone.com

Categories: People

Renovus Capital Partners Welcomes Jason Tanker to Lead Growing Technology Services Practice

Renovus

WAYNE, PA – January 24, 2024 – Renovus Capital Partners (“Renovus”), a Philadelphia-area based investment firm, is pleased to announce today that Jason Tanker, a seasoned private equity professional, has joined the team as Managing Director to oversee the firm’s Technology Services practice. In this new role, Tanker will work closely with leadership to identify new investment opportunities, implement growth strategies and create value within portfolio companies.

Tanker brings over fifteen years of middle market private equity experience to Renovus. He has an extensive track record in the technology services space, with several successful prior investments and a proven reputation for working hand-in-hand with executive teams to unlock potential and maximize value.

“Jason is an ideal addition to Renovus as we continue our commitment to building an A+ team,” said Jesse Serventi, Founding Partner at Renovus. “He brings significant experience to our Technology Services practice and will play an integral role in capitalizing on the many attractive opportunities we see in the area.”

“I’m thrilled to join Renovus at this exciting time for the firm,” added Tanker. “Renovus offers an unrivaled partnership for founders and management teams in the lower middle market, providing not just capital but a compelling fusion of expertise and resources. I look forward to building on the firm’s fantastic track record of nurturing high-performing companies and accelerating growth.”

Tanker most recently worked for more than a decade at Norwest Equity Partners. He is a Philadelphia native and received his MBA from the Wharton School at the University of Pennsylvania and his BBA in Finance and Accounting from the University of Michigan.

Categories: People