Middle-market private equity firm Gemspring Capital has added to its investment team with the hirings of Michael Fan, Brad Liff, and Jack Tucker.
Mr. Fan joins Gemspring as a principal and he will be active sourcing and executing transactions in the software sector. He comes to Gemspring after three years at New York City-based Rubicon Technology Partners. Mr. Fan has also held private equity roles at York Capital and Bain Capital, primarily focusing on technology investments. Earlier in his career, Mr. Fan founded and led Car Safety Guru, a media business focused on car safety.
Mr. Liff will be focused on structured investments and opportunistic credit. He joins Gemspring as a managing director from Citigroup’s leveraged credit trading business. Earlier in his career, Mr. Liff was with H.I.G. Capital and its investment subsidiaries Bayside Capital and WhiteHorse Capital.
Mr. Tucker joins Gemspring as a managing director and chief operating officer, and he will be active with investor relations; environmental, social, and governance (ESG) initiatives; business development; human resources and recruiting. Mr. Tucker comes to Gemspring after five years at placement agent Acalyx Advisors where he was involved in several milestone fundraisings including Gemspring’s first and second funds. Prior to Acalyx, Mr. Tucker began his career at placement agent MVision.
In April 2020, Gemspring had a final closing of its second fund, Gemspring Capital Fund II LP, with $750 million of capital commitments. Each of Gemspring’s institutional investors from its first fund, which closed in November 2016 with $350 million of capital commitments, committed to the firm’s new fund.
“We are thrilled to welcome Michael, Brad and Jack to the Gemspring team,” said Bret Wiener, managing partner of Gemspring. “Michael is a successful software investor with an operational mindset who will help further expand our software practice. Brad enhances our credit expertise, helping us execute opportunistic investments across the capital structure. Jack brings a wealth of investor relations and project management experience to the team on a full-time basis.”
Westport, Connecticut-based Gemspring invests in companies that have revenues up to $500 million and are active in the business services, distribution and logistics, financial services, healthcare services, industrial services, software, tech-enabled services, and specialty manufacturing sectors.
Private Equity Professional | August 26, 2020