NEWS & VIEWS

Global private equity and venture capital news and research

Gresham Private Equity co-head Mark Youens to step down

31 Jul 2013

sydney harbour_sqCo-head of Gresham Private Equity Mark Youens is set to step down from his job in September after nine years with the firm.

With Youens’ departure, Mark Rimmer will take over as sole head of the team, said the Wall Street Journal.

“The commercial reality is that the number of our portfolio companies has reduced from seven to three, with a view to shrinking to two,” Gresham managing director Charles Graham told the publication.

“We’re divesting assets to return funds to investors, and we’re not quitting private equity.”

The firm is currently in the process of disposing of The Tasmanian Walking Company, which is valued at $13.5m.

Gresham’s A$130m third fund, which was closed in 2008, has made only one investment so far, having backed Silk Logistics Group.

The firm plans to exit the largest investment in its second fund, mining services contractor Barminco, in two to three years via an IPO, Rimmer told the Wall Street Journal.

Copyright © 2013 AltAssets

FUNDRAISING & INVESTOR RELATIONS

Join the Private Equity & VC Fundraising & IR Group on LinkedIn. For LPs and GPs with an interest in private equity and venture capital fundraising, investor relations and marketing.

Legals & Terms of UsePrivacy Policy


AltAssets is registered as a trademark of Investor Networks Limited (06695690).
Registered Office: Zetland House, 5-25 Scrutton St, London EC2A 4HJ
Content is © AltAssets 2000-2014