Industry News
The healthcare system’s cio will leave at the end of the year to take over as ceo and cio at a mid-Atlantic trust company.
Firm closed its debut fund with total commitments of $322 million to its core and related co-investment funds.
The firm has appointed two new hires and an existing employee to its executive committee.
Grant D. Kalson has retired from general investment consultant Dahab Associates, CEO William Dahab confirmed, in an e-mail.
The firm closed its fund at $450 million with support from pension funds, endowments and foundations and family offices.
The firm saw high demand for the fund, which exceeded initial targets and showed representation from existing and new investors.
The new hire will co-head the firm’s business development team and bolster its institutional distribution capabilities.
The funds target investments in late- and mid-stage growth companies.
The firm announced the closing of Sumeru Equity Partners Fund IV at the hard cap with $1.3 billion in total capital commitments.
The plan, which has not had a cio in the past, is looking to fill the position.