ParkerGale Capital has hired Jake Petoskey as a new Principal. Mr. Petoskey will be active with investment due diligence and working with portfolio companies to identify and implement operational improvements and new growth initiatives.
“Our operating impact on the portfolio is a key to our success, so we are excited to add Jake to our team. His private equity operations skills and roll-up-your-sleeves approach are a perfect match for ParkerGale and the small tech companies we buy,” said Jim Milbery, founder and Partner at ParkerGale Capital.
Prior to joining ParkerGale, Mr. Petoskey worked at Welsh, Carson, Anderson & Stowe (WCAS) for over five years as a Senior Associate where he led various operating initiatives across the firm’s healthcare and technology companies. Before joining WCAS, he spent three years at Capgemini Consulting as a management consultant. Mr. Petoskey has a BA in Supply Chain Management from Michigan State University.
ParkerGale makes control investments in founder-owned, profitable technology companies with subscription or transaction-based revenue models. The firm was founded in 2014 by five former members of Chicago Growth Partners – Devin Mathews, Dave Chandler, Jim Milbery, Kristina Heinze and Ryan Milligan. ParkerGale is headquartered in Chicago (www.parkergale.com).
In November 2016 ParkerGale closed its debut fund above target at $240 million. The new fund has a balanced mix of limited partners that included family offices, pensions, managed accounts, endowments and funds of funds.
© 2017 Private Equity Professional | May 3, 2017
