Indianapolis-based mid-market private equity firm HKW has hired former Goldman Sachs investor Rick Ammar in a senior role to expand its tech investment efforts.
Ammar, who becomes a vice president at HKW, began his career at Goldman in its Americas Special Situations Group, where he helped lead investments in the tech sector, and has also worked at Macquarie Group, the family office of a Forbes list high net-worth individual, and Perry Capital.
HKW partner Jeff Bistrong said, “Rick’s track record of investing in high-growth technology and technology-enabled businesses will make for a seamless transition to HKW and our growing technology mandate.
“His industry relationships, along with his insights into the technology and the current deal environment, immediately provides HKW with an incredibly well-rounded perspective.”
Fellow partner Daniel Kim added, “Rick’s experience investing across the capital structure – control buyouts, minority growth equity, structured capital – will allow him to hit the ground running and immediately serve as a valuable resource for our team.
“We believe the current deal environment requires a thoughtful and collaborative approach, and we’re confident Rick will help HKW take advantage of today’s opportunities.”
Kim joined HKW four months ago from fellow private equity house Bregal Sagemount.
HKW beat its $350m target for its fifth flagship fund last October after two years on the road.
The firm collected $365m of commitments for HKW Capital Partners V, which it has been using to back mid-market growth companies with a target EBITDA of $5m to $30m.
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