HGGC, a prominent California-based technology buyout firm, restructures leadership, as it embraces Neuberger Berman subsidiary alliance. Neuberger Berman Group’s primary acquisition vehicle, Dyal Capital Partners joins HGGC’s family of investors as a minority stakeholder. It maintains that the “Advantaged Investing Strategy” won’t deviate from its core vision.
The billionaire private equity holding has since appointed executive successors, enlisted new team players, and elected future shareholders. Les Brown, Steven Leistner, Lance Taylor, Jack Block, and Harv Barenz made partner. All talents have assumed pivotal corporate roles, where they’ve spearheaded various core projects for the investment giant.
Harv Barenz manages the firm’s business development side. He’s held this position since 2008 when he began his journey with HGGC. Steven Leistner joined the family the following year. He heads the manager’s fund series investments, which comprises of Dynata, Denodo, iQor, Selligent, etc. Les Brown has been around since inception. A former Dynata board representative, Brown now chairs Nutraceutical International Corporation.
Another fund series investments expert, John Block, started working with the group in 2010. He’s managed some of the firm’s elite clientele like Citadel, Hybris and Hollander. His current portfolio includes HelpSystems, Pearl, Davies Group, Mi9, FPX, Aventri, Innovative, and Integrity.
The CFO, Lance Taylor, also has an incredible background. He’s been a pivotal agent in ensuring optimal performance of HGGC’s accounting finance ecosystem. He’d functioned in a similar role with his previous employer, Calera Capital. In addition to his primary role as CFO Taylor was the firm’s CCO and MD.
Founders Steve Young, Gregory Benson, Bob Gay, and Richard Lawson established HGGC in 2007. The team strives to connect with sponsors, entrepreneurs, and senior executives across North America. As experienced relationship investors, they’re leveraging a strategic partnership model to scale differentiated middle-market companies through an advantageous collaboration.
WATCH: Steve Young on his journey from @NFL‘s @49ers to co-founding a global @privateequity firm that oversees portfolio companies that employ more than 62,000 employees worldwide – https://t.co/ztKzHZHry0
— HGGC (@HGGC_LLC) May 10, 2018
It sources these collaborative experiences through recapitalizations, liquidity events, platform investments, add-on acquisitions, etc. Today, HGGC’s net value stands at $20 billion, of which, 21.5 percent accounts for cumulative commitments. Throughout its operational timeline, it’s accomplished 120 successful platform investments. The group takes a keen interest in the following sectors: software, healthcare, consumer, industrial, and information services.