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HGGC Recently Welcomed These Figures To The Company To Compensate For Its

HGGC is a San Francisco, California-based private equity firm that was founded in 2007. The firm has carved out a niche for itself over its 12-plus years of operation, seeking out middle-market companies that compete among the top few most reliable sectors across the global world of commerce. HGGC then purchases them and operates them on a long-term basis.

This is different from most private equity firms, which usually turn right around and flip the companies it acquires just a few years after purchase. For example, the firm recently welcomed Mi9 Retail as its most recent acquisition, which came through a merger with one of HGGC’s long-held companies, MyWebGrocer. Most private equity sector competitors wouldn’t bother with growing a company they already owned, as they aren’t concerned with the long-term operating potential of the companies they buy in to.

HGGC chose to hire a dozen new employees to its ranks to better deal with the responsibilities presented by its constantly-growing operations.

Examining the firm’s high-level additions

HGGC’s operations team welcomed six total new hires, three of which bought into the company as partners. These three partners – Matt Witherell, Rich Gros, and Ankit Dhawan – all worked for one of the firm’s affiliate businesses, Operational Resource Group, making them suitable fits the role of Operating Partner.

Philanthropy Lead is the new title of recent hire Michelle Knox, who has overseen non-profit organizations for upwards of 20 years. Knox most recently worked for the Forever Young Foundation, a charitable non-profit group. 

Looking at investment associate hires

Recent Credit Suisse investment banking analyst Ignacio de Lera was hired by HGGC, where he spent most of his time on structuring leveraged buyouts, making de Lera an ideal candidate.

Ryan Lee, who worked at Morgan Stanley, a financial services sector competitor similar in prestige and size to Credit Suisse, most recently before being brought aboard by the Silicon Valley-based private equity firm. The University of North Carolina graduate developed a deep understanding of and working familiarity with using advanced mathematical models – as well as actually creating them – to assess potential companies to invest in via leveraged buyouts.

https://pitchbook.com/profiles/investor/22466-71

HGGC Uses Investment from Dyal to Spur an Expanded Staff

Focused on technology investments, HGGC is a middle-market investing firm with more than $4.3 billion in financial commitments ranging from platform investments to add-on acquisitions to liquidity events and recapitalization. In their history, HGGC has processed almost $20 billion in investment funds across over 120 different investment companies using its “Advantaged Investing” model that allows for acquisitions paired with partnerships with existing management and investment teams. The success of this model has resulted in a sizable strategic investment from Dyal Capital Partners. This investment allows HGGC to improve its current staff through promotions and new hires. This infusion of new staff and positions serves to increase the portfolio of the firm and strengthen their ability to stay profitable moving forward.

Several new partners were announced from among existing staff, turning Les Brown, John Block, Steven Leistner, Harv Barenz and Lance Taylor into Partners at HGGC, increasing their role and their stakes in the firm’s continued success.

There were other promotions at the firm as well, such as the promotion of Kurt Krieger from General Counsel to Chief Legal Officer, Jay Tabu to Principal from Vice President and Chris Schulze to Vice President from Senior Associate. Peter Cozzi and Neha Vaidya have also both gone from Associate to Senior Associate. All of these employees have contributed to the success of HGGC and their new roles are expected to allow them to do more moving forward.

There are also a series of new hires designed to strengthen the existing talent pool at the firm. Lindsay Sparks and Greg Caltabiano have joined as Executive Directors. Mo Gulamhusein has been hired as a Vice President after his graduation from Harvard with an MBA and his recent internship at HGGC. Chandni Shah has joined as a Fund Accountant in the Operations Division. Holland Reynolds comes from Cambridge Associates to serve as an Investment Associate. With this new group of people working at the firm it is hoped that future growth will continue at a steady pace,if not improve. Co-founders Steve Young and Rich Lawson have said that these recent changes are exciting for the firm.

http://hggc.wikidot.com/