Gemspring Capital follows big fund size jump with trio of new hires

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Gemspring Capital has made a trio of senior hires in the wake of closing its $750m second fund earlier this year.

COO and managing director Jack Tucker has joined from Acalyx Advisors, where he worked on Gemspring’s two fundraises.

He has 12 years of fundraising and advisory experience, having begun his career at MVision Private Equity Advisors.

Principal Michael Fan has joined Gemspring from Rubicon Technology Partners to focus on software. He has also held private equity roles at York Capital and Bain Capital, primarily focusing on technology investments.

Managing director Brad Liff is focused on structured investments and opportunistic credit, and has joined Gemspring from Citigroup’s leveraged credit trading business.

Earlier in his career, Liff was with HIG Capital, where he executed investments on behalf of Bayside Capital and WhiteHorse Capital.

Gemspring managing partner Bret Wiener said, “Michael is a successful software investor with an operational mindset who will help further expand our software practice.

“Brad enhances our credit expertise, helping us execute opportunistic investments across the capital structure.

“Jack brings a wealth of investor relations and project management experience to the team on a full-time basis.”

Gemspring scored a huge fund size increase in March through the $750m final close of its sophomore investment vehicle.

The Connecticut-based firm held an already impressive $350m first close for its debut fund in 2016, a year after it was launched by HIG Capital veteran Weiner.

All of Gemspring’s institutional investors from its first fund came back for the Fund II raise, the firm said.

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