Blue Wolf Capital Partners has promoted Victor Caruso to Managing Director. Mr. Caruso, who joined Blue Wolf about one year ago as Senior Advisor, will be responsible for business development, sourcing new platform transactions and add-on acquisitions.
Mr. Caruso is 47-years old and has 25 years of experience including private equity, investment banking, high-tech engineering and manufacturing, entrepreneurship and military service. From 2012 to 2014, he served as a founding partner of H Equity Partners, a private equity firm focused on the lower-middle market. From 2007 to 2012, he served as a principal at a J.F. Lehman & Company, a New York-based private equity fund that invests in the defense, aerospace, and maritime industries. Before transitioning to private equity, Mr. Caruso spent a decade in investment banking at Houlihan Lokey and Merrill Lynch. He received an MBA from UCLA and a BS in Ocean Engineering from the US Naval Academy.
“We are pleased to have Vic join the firm full-time,” said Adam Blumenthal, Blue Wolf Managing Partner. “Working with Vic over the past year, we’ve seen how he brings his unique combination of experience, broad range of contacts and impressive background to bear as he works across existing and new investments. We look forward to working with him in this increased capacity as we enhance the Blue Wolf portfolio.”
Blue Wolf invests in companies in which 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 is currently investing its third fund with $300 million in limited partner equity commitments. The firm is headquartered in New York (www.blue-wolf.com).
“Blue Wolf has a great team and a unique investment strategy that focuses on unlocking value by taking on challenges in the middle market that some might be afraid to address,” said Mr. Caruso. “I am excited to be a full-time member of this talented and dedicated group as we work to grow this exceptional portfolio and build LP relationships.”
2015 PEPD • Private Equity’s Leading News Magazine • 5-5-15