President and COO of mid-market firm CI Capital Partners Steve Lefkowitz has decided to resign to launch his own business.
Lefkowitz is leaving the firm “on very good terms” and remains very involved with CI, said PeHUB, citing a source and a letter from CI chairman and CEO Frederick Iseman.
Iseman said, “Steve has been my right hand for 21 years, helping build CI Capital into an institutional firm of 25 talented professionals.
“I will always be grateful for his contributions. We both know that Steve is ready to run his own show.”
CI makes investments of between $25m and $100m in mid-market companies in the healthcare services, business services, distribution, government and defence sectors.
The firm raised $620m for its second fund and is currently planning to launch a third vehicle.
Copyright © 2014 AltAssets