Palladium Equity Partners has revealed what it is calling its “next generation of leaders” through a string of high-level promotions amid losing a trio of veteran leaders from the firm.
David Perez, who has been president and COO of the firm since 2012, senior managing director Luis Zaldivar and managing director Erik Scott have spent a combined 46 years with Palladium.
They will be “transitioning out” in 2020 to pursue other opportunities, the firm revealed, with Zaldivar remaining a senior advisor and Scott an advisor to the firm during their transition.
The $3bn-managing firm has named six managing directors as its newest partners – Chris Allen, Leon Brujis, Caleb Clark, Justin Green, Daniel Ilundain and Adam Shebitz.
They join the firm’s management committee alongside Eugenie Cesar-Fabian, Susan Lyons, Kevin Reymond and Suzanne Wong, as well as firm founder Marcos Rodriguez, who will continue to lead Palladium as chairman and CEO.
Rodriguez said, “These professionals have been leading our various deal teams and making critical decisions for the better part of the last 23 years and will continue to lead the firm as we build Palladium for the future.
“Core to Palladium’s strategy is our commitment to serving as trusted stewards of capital for institutional investors, including pension funds that invest the retirement savings of more than three million hard working families, including teachers, firefighters and police officers.
“We believe passionately in the importance of having a diverse management committee – a leadership group whose background, experience and composition identifies and empathizes with the hardworking people whose money we are investing.”
Palladium is currently investing from Palladium Equity Partners V, which it closed earlier this year with commitments of $1.56bn.
The firm invests in companies across the business services, consumer and food, financial services, healthcare, industrial, and media sectors.
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