Saturday, 25 April 2015
Last updated 14 hours ago
Mar 8 2013 | 9:40am ET
Perella Weinberg Partners has hired two Weston Presidio vets to head a new private equity strategy focused on lower middle market growth companies.
The New York-based boutique investment banking firm has tapped David Ferguson and Chip Baird to head PWP Growth Equity. The two will join PWP as partners in the asset management business and will be based in New York.
Ferguson, a 25-year private equity vet and former partner at Weston Presidio, was also a partner at JPMorgan Partners (and its predecessor organizations, Chase Capital Partners and Chemical Venture Partners) and has worked in the mergers and acquisitions group of Bankers Trust and Prudential Securities.
Baird, a 15-year industry vet, was also a Weston Presidio partner. Prior to that he was a p.e. investor with The Beacon Group, where he focused on industrial services, energy and general manufacturing companies. Baird began his career in the Investment Banking Division at Merrill Lynch.
The PWP Growth Equity strategy will invest primarily in lower middle market companies in the consumer, services and industrials sectors, focusing on firms with “strong management leadership, large addressable markets, compelling margins and cash flow conversion, differentiated products or services and strong growth prospects.”
Said Terry Meguid, PWP's founding partner and head of the asset management business, in a statement:
“Identifying proven and experienced professionals to lead new strategies and further diversify our offering of alternative investment solutions continues to be a primary focus for the Firm. Dave and Chip have a demonstrated track record of successfully sourcing, overseeing and exiting compelling investments and delivering attractive returns for investors.”
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…