Blue Wolf Capital Partners has added Victor Caruso to its team as a new senior advisor. Mr. Caruso will work with Blue Wolf to expand Blue Wolf’s presence in the aerospace and defense industries and to evaluate and execute new investments.
“Through our investment in Channel Technologies Group, we have deepened our knowledge of the aerospace and defense industries; strategically identified these industries for further investment; and dedicated significant resources to support this strategic initiative. We are delighted to be working with Vic and look forward to deepening our relationship with him,” said Haranjeet Narulla, Partner at Blue Wolf.
Mr. Caruso has 24 years of professional experience including private equity, investment banking, high-tech engineering and manufacturing, entrepreneurship and military service. Previously, he served as a senior investment professional with two private equity firms. Before transitioning to private equity, Mr. Caruso spent a decade in M&A investment banking at firms including Houlihan Lokey and Merrill Lynch. He received an MBA from UCLA and a BS in Ocean Engineering from the US Naval Academy.
“I am pleased to be joining Blue Wolf,” said Mr. Caruso. “Aerospace and defense-related businesses pose unique challenges, and I look forward to working with the Blue Wolf team to identify companies that can benefit from their innovative strategies for middle-market investing.”
“Vic’s background in the Navy, coupled with his finance and investing experience, will bring invaluable perspective as we pursue investment opportunities in the aerospace and defense industries,” said Adam Blumenthal, Blue Wolf’s Managing Partner.
Blue Wolf invests in companies in which effective management of relationships with complex constituencies, such as government and labor, can change organizations and create value. The firm’s investment criteria are minimum revenues of $25 million; minimum transaction size of $20 million; and a minimum investment size of $10 million. The firm focuses its efforts on companies based in the United States and Canada. Blue Wolf has $460 million of capital under management and is headquartered in New York (www.blue-wolf.com).
In July 2013, Blue Wolf closed on $300 million in limited partner equity commitments for its latest fund, Blue Wolf Capital Fund III, LP.
© 2014 PEPD • Private Equity’s Leading News Magazine • 4-15-14