Z Capital makes managing partner William Monagle COO


letter ZTurnaround-focused buyout house Z Capital Partners has named existing managing director William Monagle as COO after just under a year on the firm’s investment and operating team.

Monagle was previously a partner and senior strategist with NEPC and had responsibility for the firm’s private markets research, manager search, due diligence activities and performance monitoring efforts.

Prior to that he was managing director for private equity research at Rogerscasey, where he developed private equity investment structures for the firm’s clients and was responsible for the firm’s monitoring of about 150 private equity funds.

Z Capital CEO James Zenni said, “Bill brings to this role more than two decades of leadership and investment experience in analyzing private markets as well as proven expertise in tax and accounting related issues.

“Bill is a seasoned operations professional and I have the utmost confidence he will transition seamlessly to our executive leadership team while continuing to successfully execute on our distressed for control private equity strategy.”

Last August AltAssets revealed that Z Capital had hired Jefferies for the second time to place its latest special situations fund.

The firm is understood to be targeting $500m for the fund, the source said,  twice the amount raised by its predecessor which closed in June 2011.

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