GoldPoint Partners names Vijay Palkar managing principal


palkarNew York Life Investments’ private equity unit GoldPoint Partners has promoted Vijay Palkar to managing principal.

Palkar joined the firm in 2002 as an associate and has since helped it enhance its position in fund investing, mezzanine and co-investments, said GoldPoint.

He has also worked as a Financial Analyst in the Investment Banking Division of Bear, Stearns & Co, where he analyzed and executed mergers, acquisitions, strategic advisory and debt and equity financing deals.

The firm currently has around $9.8bn of capital under management including its co-investment, mezzanine, and fund advisory programmes.

GoldPoint chairman John Schumacher said, “It is part of our long term strategy and the legacy of the Co-Founders to nurture our future leadership team.

“Vijay is one of an elite group that have been major contributors to the firm’s performance, have successively been promoted in the organization and have become managing principals.”

Last September New York Life Insurance fired chief executive of its private equity lending arm Madison Capital Funding Trevor Clark for violating company policies.

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