Edgewater Capital seeks analyst/senior analyst for Cleveland office

Mack Doyle

Edgewater Capital, which raised $185 million for its fourth fund just under a year ago, is out searching for human capital this time in the form of a new analyst or senior analyst.

In this role you’ll have an opportunity to dive into deal modeling, deal management, and data room management–see more details here. You’ll also conduct market research designed to pave the way for fresh investments in specialty chemicals, life science, advanced materials and engineered components, as well as to improve the performance of portfolio companies. Candidates should have either one to two years of investment banking experience or two to three years of transaction services or other relevant experience.

The newly created position reports in to Partners Bob Girton and Pete Ostergard. Day to day you’ll work under the tutelage of Associates Mack Doyle (pictured) and Richard Kertis and also interact with everyone on the staff from top to bottom. Said Doyle: “All of those folks have been instrumental in developing me personally and have taken the same approach with the senior analyst that we have currently.”

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MiddleGround Capital plans to hire senior associate/VP for deal origination and IR team

Christen Paras

MiddleGround Capital, which closed its debut fund late last summer above it hard cap, plans to launch a search for a junior-to-mid-level professional to work on deal origination and investor relations.

The ideal candidate would have three to eight years of professional experience and a background in a related field such as investment banking, private equity or management consulting. Christen Paras, head of business development and investor relations, said that the search “will be getting kicked off pretty soon.” The new hire will report to Paras (pictured).

MiddleGround Capital has been on a deal-making, fund-raising and hiring tear since its founding in March 2018 by Partner and CCO Scot Duncan, Partner Lauren Mulholland and Partner John Stewart.

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Most PE professionals enjoyed raises in 2019

The money that continued to pour into the coffers of PE shops last year translated into higher salaries and bonuses for most investment professionals who worked at them.

Fifty-six percent of investment professionals reported getting raises last year, while just 1 percent experienced cuts in salary, according to the Heidrick & Struggles North American Private Equity Investment Professional Compensation Survey, released last month. More than three-quarters (77 percent) reported getting a higher bonus for 2018 performance than they did for 2017 performance.
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Columbia B-School employment report shines light on dramatic PE pay disparities

Ever wonder why so many private equity firms strive to raise ever larger funds? Simple. Larger funds generate more income–more management fees for certain, and more carried interest so long as their deals turn out to be sufficiently profitable.

More management fees translate into higher individual pay, since firms don’t hire at the same pace that they expand their assets under management. And that has led to some remarkable differences in pay for folks doing similar work at large and small shops. More evidence for these disparities comes from the 2019 employment report released by Columbia Business School this fall.

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