P.E. Firm Blue Wolf Adds GoldenTree Vet

Dec 11 2008 | 1:10pm ET

New York-based private equity shop Blue Wolf Capital Management has picked some fruit from the GoldenTree.

The firm has named Michael Ranson a partner. Ranson formerly served as a portfolio manager at GoldenTree Asset Management, and has worked with Blue Wolf as a senior adviser since March. Ranson has a long-standing relationship with Blue Wolf and its managing general partner, Adam Blumenthal, with who he worked at American Capital. Ranson also provided debt and equity financing to support several Blue Wolf investments while at GoldenTree, where he focused on sourcing debt and equity investments in private companies.

Blue Wolf also announced the promotion of Haran Narulla to vice president. Narulla, who has been with Blue Wolf since 2006, had served as a senior associate at the firm.

“Michael and Haran are very talented investment professionals, and we are pleased to strengthen our team at this time, as we are ramping up to take advantage of the many opportunities we see on the horizon,” said Blumenthal. “Michael has been a significant part of our history, as a critical co-investor and more recently as a team member. Haran has played an integral role in each of the five transactions in which Blue Wolf has invested, and has taken on increasing responsibility with each deal.”

“While some firms may be experiencing difficulties in the current environment, perhaps due to the dearth of available financing or troubled legacy investments, this environment fits our strategy extremely well,” he added.

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