Gemspring Capital Adds Ex-GE Exec Chanana To Investment Team

Jan 30 2017 | 6:43pm ET

Lower middle-market private equity company Gemspring Capital has named former GE executive Ravdeep Chanana as a vice president on its investment team.

Chanana brings experience working across eight countries and four different multi-billion dollar industrial and financial services business units within GE to his new role. He was most recently CFO of GE Additive, a new business unit within GE Aviation comprised of two strategic acquisitions completed in 2016. Beforehand, he was CFO of GE Aviation's engineering organization, where he led a global finance team and was responsible for providing strategic and financial leadership across the organization.

“We are delighted to have Ravdeep join our team,” said Bret Wiener, managing partner of Gemspring Capital, in a statement. “His exceptional operating experience and wide network of relationships will be of great value to our team and portfolio companies.”

Gemspring closed its debut fund in November 2016, raising $350 million from endowments, foundations, family offices, gatekeepers, pension plans and fund of funds. Weiner founded Gemspring in 2015 after 11 years with H.I.G. Capital.

Headquartered in Westport, CT, Gemspring focuses on control and structured equity investments into lower middle market companies headquartered in the United States and Canada engaged primarily in the business services, distribution & logistics, healthcare services, industrial services, media, technology & software or specialty manufacturing sectors.


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of