Periscope Adds Head of Business Development

Periscope Equity has hired Alex Friedman as a Vice President to lead the firm’s business development efforts.

In this new role, Mr. Friedman will lead transaction origination efforts by building and managing relationships with deal intermediaries, business owners and executives. Periscope invests from $5 million to $15 million in companies with revenues from $10 million to $50 million and EBITDAs from $2 million to $5 million. Sectors of interest include marketing services, security services, software as a service, healthcare services, and business process outsourcing.

Prior to joining Periscope, Mr. Friedman was a vice president at Chicago-based Ardenton Capital, a lower middle market private equity firm, where he focused on both deal origination and fundraising. Previously, he was a vice president at Gibraltar Business Capital, where he focused on sponsor-backed, private credit origination. Earlier in his career, Mr. Friedman was an assistant vice president at PNC Capital Markets in its financial services, advisory and banking practice. He has a BBA in Finance from the University of Wisconsin.

Periscope Equity was founded by Steve Jarmel in January 2013 and is headquartered in Chicago (www.periscopeequity.com).

© 2018 Private Equity Professional | March 15, 2018

Print Friendly, PDF & Email

Related Articles

Arcline Closes First Fund Arcline Investment Management has closed its first investment fund, Arcline Capital Partners LP, with $1.5 billion of committed capital. Investors ...
Katten Boosts Private Equity Practice Katten Muchin Rosenman has expanded its corporate and private equity practice in New York with the hiring of Michelle Gyves as a new partner. Prior to...
ParkerGale Adds New Principal ParkerGale Capital has added Kara Master to its team as a new principal. Ms. Master will be involved in all aspects of the firm’s investment process a...
Easy A’s, Killer B’s and Tricky Seas By Andy Greenberg, CEO GF Data® GF Data’s recently released year-end report (Easy A’s and Killer B’s) theorized that a value environment remaining ...
Blackstone Invests in GI Partners Blackstone has acquired a minority stake in middle market private equity firm GI Partners. The investment by Blackstone (NYSE: BX) was made through...
Summit Hits Fund X Hard Cap Summit Partners has held a first and final closing of Summit Partners Growth Equity Fund X LP at $4.9 billion. The oversubscribed fund, which was l...