Z Capital Partners has named William Monagle, Jr. as the firm’s Chief Operating Officer. Mr. Monagle has served as Managing Director at Z Capital and been a member of the Investment/Operational Team since November 2012.
“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,” said James Zenni, President and Chief Executive Officer of Z Capital. “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.”
Z Capital makes control investments in middle-market distressed companies, operational turnarounds and special situations. The firm targets companies with an enterprise value of less than $1 billion or EBITDA of less than $100 million. Sectors of interest include consumer products, steel, steel processors, agricultural, gaming, leisure, real estate, manufacturing, specialty services and automotive. Z Capital Partners was formed by Mr. Zenni, the former President, co-owner and co-founder of Black Diamond Capital Management. Mr. Zenni co-managed the portfolios of Black Diamond from its inception in 1995 to approximately $9 billion in assets under management and divested his fifty percent equity ownership interest in Black Diamond in October 2006. Z Capital is based in Lake Forest, IL (near Chicago) and has an additional office in New York (www.zcap.net).
Prior to joining Z Capital, Mr. Monagle was a Partner and Senior Strategist with investment consulting firm NEPC and had responsibility for its private markets research, manager search – due diligence activities and performance monitoring efforts. Mr. Monagle was also a member of the Partners Research Committee, Alternative Due Diligence Committee and the Real Assets-Infrastructure practice. Mr. Monagle received an MS degree in Taxation from Bentley College and received a BS/BA degree in Accounting from Northeastern.
“I am thrilled to be taking on this new role at Z Capital,” said Mr. Monagle. “I look forward to continuing to build on the firm’s strong track record and stellar reputation of delivering superior returns to investors.”
© 2013 PEPD • Private Equity’s Leading News Magazine • 10-15-13
