European private equity major Permira has named its Menlo Park office chief Brian Ruder as co-head of its global technology, media and telecommunications team.
Ruder joins current TMT head Richard Sanders, who becomes co-head after four years in sole charge from the firm’s London base.
Permira added that it planned to expand its Menlo Park base to support its focus on TMT businesses, a core investment focus for the firm over the past 30 years.
The firm has deployed more than $8.5bn of capital across 32 investments, including eight in the current portfolio.
Ruder joined Permira as a Partner in September 2008 to help open the firm’s Menlo Park office, and has led TMT transactions including Ancestry.com, Genesys Telecommunications, LegalZoom, Renaissance Learning and TeamViewer.
Sanders said, “Our presence in the TMT sector today has never been stronger.
“Brian and our Menlo Park team have led several of our most promising investments with the support of our global network, including the very successful investment in education technology company Renaissance Learning.
“We believe that our entrepreneurial and theme-based approach to investing, unique global platform and extensive relationships in Silicon Valley and other hubs for technology innovation around the world clearly stand out in the marketplace today.
“This continues to be an exciting time to invest in TMT and we have the ideal team and geographic footprint to take advantage of the numerous opportunities we see on the horizon.”
Permira also revealed that Nic Volpi had been named partner 10 years after joining the firm.
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