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

Tim Healy Joins Twin Brook Twin Brook Capital Partners has hired Tim Healy as a new managing director. Mr. Healy will be active in transaction originations and developing and bu...
JMI Hits Hard Cap JMI Equity has closed JMI Equity Fund IX LP at its $1.2 billion hard cap. The new fund received support from both existing and new investors. JMI E...
Scott Isherwood Joins D.A. Davidson D.A. Davidson & Co. has hired Scott Isherwood as a new managing director. Mr. Isherwood will be active with the firm’s diversified industrials tea...
Windjammer Closes at Hard Cap Windjammer Capital has closed its fifth fund, Windjammer Senior Equity Fund V LP, at the hard cap of $870 million. The firm’s earlier fund closed in M...
Harris Williams Adds Two from Wells Fargo Harris Williams has added to its investment banking team with the hirings of Kelly McPhilliamy as a managing director and William McBride as a vice pr...
Luminate Closes Second Fund Luminate Capital Partners has closed Luminate Capital Partners II LP with $425 million of committed capital. The firm’s earlier fund closed in June 20...