SK Capital Partners – a private equity firm focused on the specialty materials, chemicals and healthcare sectors – has promoted Philip Marxen to Principal and hired Jerry Truzzolino as its new Chief Financial Officer.
Mr. Marxen, who joined SK Capital as a Vice President in early 2014, is active in sourcing and executing new investments and works with several of the firm’s portfolio companies. Before joining SK Capital he was with The Blackstone Group and TPG Capital.
“We are very pleased to recognize Philip’s contributions with a well-deserved promotion,” said Managing Director Barry Siadat. “He has quickly established himself as an integral member of our team and we are confident that he will continue to create value for our investors for many years to come.”
Mr. Truzzolino joined SK Capital earlier this month as its Chief Financial Officer after serving in a similar position at CI Capital Partners since 2011. Before 2011, Mr. Truzzolino was at Neuberger Berman where he was a Senior Vice President and Co-Head of their Finance Group. Previously, Mr. Truzzolino held financial positions with Lehman Brothers and at The Blackstone Group.
“We are excited to add Jerry to the growing and talented team of professionals at our firm,” said Jamshid Keynejad, a Managing Director of SK Capital. “His experience in fund accounting and compliance are significant assets to our firm as well as our investors.”
SK Capital invests equity of $25 million to $100 million in companies operating in the specialty materials, chemicals and healthcare sectors. The firm closed on its fourth fund in November 2014 with $1 billion of third party capital. SK Capital has offices in New York and Boca Raton (www.skcapitalpartners.com).
© 2015 PEPD • Private Equity’s Leading News Magazine • 2-10-15