Industry News
The fund will make pre-seed and seed venture capital investments in sectors like artificial intelligence.
The transaction is expected to close in the fourth quarter.
The new hire will report to CIO Sriram Lakshminarayanan.
The private equity firm added a managing director and v.p. to support capital raising across its four investment strategies.
Firm’s new managing director joins after more than a decade at Advent International.
The private markets firm secured more than $3.2 billion in capital commitments for the program.
Tony Lissuzzo has joined the firm as a senior v.p. and investment consultant.
Byles Williams founded Xponance, a Black woman-owned investment firm, which offers direct active and passive equity, fixed-income and alternative investments as well as multi-manager strategies focused on emerging and diverse managers.
The fund invests in U.S. lower middle market companies in the manufactured products, business services and consumer industries.
