Christopher Witkowsky
Palladium’s investment in iconic potato chip maker Wise took a rapid nosedive when the company was hammered by the Atkins diet craze in the early 2000s.
The steady flow of talent out of the secondary firm continues with the departure of Joshua Glaser as Paul Capital struggles to raise its tenth fund.
Launched in 2010, Fund VI’s original goal was $3.5bn, but the fundraising proved challenging, forcing the firm to reduce its ambitions and shrink its organisation as a result.
Palladium’s investment in iconic potato chip maker Wise took a rapid nosedive when the company was hammered by the Atkins diet craze in the early 2000s.
Vintage Fund VI, which has been targeting $5bn, was expected to close in mid-June.
Martin Schimmler joins fellow former Park Hill executive Rob Squire on UK mega-firm CVC Capital Partners' investor relations team.
Sander Levy, who had headed up Vestar’s financial services practice, left the firm two months ago and has formed his own firm called Bridge Growth Partners.
The firm has been talking to LPs about its third fund, which will target $3.5bn, with a possible hard-cap of $5bn.
The former high-powered LP has joined the Natixis affiliate to focus on primary and secondary investing.
The company, which hired former AIG executive Jackie Jenkins to run its alternative investments team, has brought on another former AIG executive to lead private equity.