Gemspring Capital Management has closed two funds at $2.1 billion in total capital commitments, the firm announced today.
The plan rehired its incumbent consultant after last conducting a search for the services in 2018.
The plan replaced its existing domestic small-cap value equity manager due to underperformance and organizational turnover.
The transition will go into effect in October.
Stewart Hay has joined Northleaf Capital Partners as vice chair of global investor solutions after retiring from abrdn last year.
The appointments include one internal promotion and one external hire.
New partner hire assumes a key leadership role within the Comvest Special Opportunities investment platform.
Firm made changes to two of its portfolio management teams in light of a portfolio manager departure.
Firm today announced the addition of Tommy Levengood as a managing director on its investment team.
Fund closes with $34 million in capital commitments over the firm’s intended target.