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Trident Capital expands with four new hires

22 Oct 2012

Venture investor Trident Capital has hired four new staff to strengthen its finance organisation and growth equity investments.

Michael Derrick, who was previously CFO for Thomas Weisel Partners’ private equity funds, has more than 18 years of experience in fund accounting and administration.

The California-based firm, which focuses on software, internet and business services sector, has also taken on Andy Cao, Feng Hong and Will Lin as associates to add depth to its investment team.

Cao joins from Citigroup’s global banking division, Hong from Gridley & Company and Lin from Citibank’s investment banking arm.

Trident founder and senior managing director John Moragne said, “Michael and the new associates are already adding tremendous value to the Trident team as we expand our focus on late-stage venture and growth equity investments.”

The firm’s last investment action was as part of a $12m Series C round for eXelate, a data and analytics engine that helps digital advertisers use big data.

Trident re-upped its commitment to the company through the financing, which also featured NewSpring Capital, Carmel Ventures and Menlo Ventures.

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