An annual one-day summit for women in finance looking to learn leadership skills and advance more quickly in their careers is itself getting a big promotion.
With the introduction of Groundbreakers | RISE, the Toigo Foundation is giving women on both the GP and LP side of the industry the opportunity to participate in a year-long training and mentorship program.
The program is open to “rising women leaders” with seven to 10 years of experience in finance, and participants get nominated by their firms to join. Individual private-equity firms or teams within global shops can nominate up to two women for each class of students. Among the main components of the program:
* A three-day conference devoted to leadership assessments and goal-setting this December in Austin, Texas;
* Quarterly regional sessions;
* Webinars for building on quantitative skills;
* Coaching by members of the Private Equity Women Investor Network, an association of experienced, successful women in private equity that is one of three “launch partners” of the RISE program.
Tuition is $7,500, and students or their firm must pay for travel and lodging. Along with PEWIN, the two other launch partners are Clearlake Capital Group and the Kwanza Jones & José E. Feliciano SUPERCHARGED Initiative.
Reach the Toigo Foundation to learn more at 510-763-5771.
Hiring, promotions and fundraising often go hand in hand in hand in private equity. Such is the case with Palo Alto, California-based HGGC.
Yesterday the prolific deal-maker–over the last two and a half years the firm has acquired 10 platform companies and more than 50 add-ons–said it had hired 12 new professionals across both operations and investing. That brings its headcount to close to 70. It also promoted four.
The build-up comes as HGGC gears up to raise a fourth fund likely to eclipse $2 billion in size–a healthy notch up from the $1.84 billion the firm speedily raised just under three years ago. Earlier this year, following an investment by Dyal Capital Partners, the firm announced five new hires and 10 promotions.
Fresh on the heels of closing a $1.56 billion fund, New York City-based Palladium Equity Partners is “opportunistically” looking to hire a mid-level professional–a senior associate, vice president or principal, according to Dale Pescatore, vice president.
Candidates with expertise in health care, services or industrials–three of Palladium Equity’s target industries–would be particularly desirable. The 22-year-old firm, which acquires family-run, mid-sized businesses, many of them serving the Hispanic population, also values employees with a variety of backgrounds.