Anastasia Donde
The US public relations firm’s impending deal with Golden Gate Capital has prompted three partners to leave, taking their alternative investment firm clients with them.
The CPPIB-owned lender, which has big growth plans, intends to ramp up its back office operations and raise its loan hold size.
.jpg "Owl Rock hires from Goldman and CPPIB")
The new private debt firm has hired several senior managers from the ranks of Goldman Sachs & Co., TPG, CPPIB and EnTrust Capital. Â
In a letter to staff, the firm confirmed its president Larry Schloss was leaving and has no plans to replace him. Â
Kristen Campana will work out of the law firm’s New York office and joins from Bracewell & Giuliani. Â
Gareth Henry joins from Fortress Investment Group, where he oversaw sales, marketing and client service for the firm’s liquid markets group.
John Angelo, who co-founded his eponymous firm with Michael Gordon in 1988, died at 74 after a long battle with cancer.
The private debt group, headed by Susan Kasser, who came over from Carlyle in 2013, is said to be offering lower than average fees to LPs. Â
Senior investment professionals from large US public pension funds at Pension Bridge’s Private Equity Exclusive conference in Chicago are urged to band together to improve reporting standards.
Steven Noreika has been promoted to chief financial officer of the Connecticut lender’s two BDCs. Â
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