Sterling Partners has promoted Kim Vender Moffat and Michael Drai from Principal to Managing Director. Sterling invests growth capital in small and mid-market companies in industries with positive, long-term trends, including education, healthcare, and business services.
Ms. Moffat is a member of the investment team with a focus on the healthcare services sector. During her time at Sterling, she has held leadership positions and made material contributions to firm strategy, including leading two fundraising efforts totaling over $1.2 billion in raised capital. Ms. Moffat first joined Sterling Partners in 1999 then left the firm in 2003 to pursue an MBA and law degree at Northwestern University. After graduation in 2006 she joined McKinsey & Company before rejoining Sterling in 2008. Ms. Moffat has her undergraduate degree from Harvard.
“Kim’s ability to form meaningful partnerships with investors, founders and management, her thoughtful insight and unique style, and now her leadership as part of the healthcare services team, provides tremendous value to both the firm itself and everyone who works with her,” said Danny Rosenberg, a Sterling Managing Director.
Mr. Drai joined Sterling in 2008 and has been integral in the development of Sterling’s business services practice, including identification and due diligence of new acquisitions and management and oversight of the firm’s investment portfolio. Prior to Sterling, he worked at GTCR, Allen & Company and Salomon Smith Barney. Mr. Drai has a BS in finance from the University of Illinois and an MBA from Northwestern University.
“At Sterling, we look for professionals who are differentiated, proven and committed to growth. Michael is the embodiment of that,” said Alan Macksey, a Sterling Managing Director. “Michael has been central to influencing our investments in the middle-market business services sector, particularly in honing our focus on industrial, energy and maintenance services. In his new and well-deserved role, we will continue to lean heavily on Michael to position Sterling for growth and long-term success.”
Sterling Partners was founded in 1983 and has offices in Chicago, Baltimore, and Miami. The firm manages over $5 billion in institutional capital (www.sterlingpartners.com).
© 2016 Private Equity Professional • 11-11-16