HGGC co-founder and managing partner Richard Lawson has been named CEO of the private equity firm amid an anticipated return to the fundraising market.
Lawson takes over the position from Gary Crittenden, who moves to the role of chairman after 16 months in the CEO chair.
Prior to forming HGGC Lawson was co-founder and managing director of Sorenson Capital Partners with responsibility for funding, managing and exiting its investments in mid-market companies.
He had earlier worked as president and CEO of Bain Capital portfolio company Found, and began his investment career in the investment banking division of Morgan Stanley.
HGGC, which rebranded from Huntsman Gay Global Capital, recently returned all of the capital from its $1.1bn debut fund after selling e-commerce software maker hybris to SAP.
The firm still holds eight out of 13 platform investments in its 2009-vintage first fund.
Lawson revealed to peHUB in March that the firm expected to begin fundraising later this year.
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