One Equity Partners appoints Belinfanti as new president (updated)
30/01/2024 18:22
(Recasts first paragraph, adds Cashin comment in paragraph 7)
By David French
NEW YORK, Jan 30 (Reuters) - One Equity Partners has
promoted a longtime insider to a leadership role to help run the
middle-market focused private equity firm alongside founder Dick
Cashin.
One Equity named Greg Belinfanti, a 17-year veteran at the
firm, to the role of president, according to a statement on
Tuesday, confirming an earlier Reuters report. Cashin will
continue in his role as chairman of the buyout firm, which was
spun out of JPMorgan Chase JPM.N in 2015.
While founder Cashin will continue to play an active role,
including with the firm's investments, Belinfanti has now been
tasked with helping to lead the firm's day-to-day operations.
"We talked about succession for some time and, over the last
several years, we've dealt with it with increasing
responsibility and increasing visibility," said Belinfanti in an
interview.
"Dick's not stepping aside, and he's incredibly engaged and
active on all aspects of the firm, so in our view this is
evolutionary and not revolutionary," he added.
Belinfanti has been instrumental in many of One Equity's
healthcare transactions since joining the firm from Lehman
Brothers in 2006, and sits on the boards of portfolio companies
including home-healthcare equipment provider AdaptHealth and
healthcare facilities operator Ernest Health.
"Greg is an incredibly talented investment professional and
a tremendous colleague who leads by example," said Cashin.
Focused on investments in the healthcare, industrials and
technology sectors, the New York-based firm was originally
founded in 2001 by Cashin as the private equity arm of Bank One,
before JPMorgan acquired the bank in 2004.
One Equity has completed more than 300 transactions since
its inception and also has offices in Chicago, Frankfurt and
Amsterdam. It closed its latest flagship fund in 2022 after
raising $2.75 billion.
(Reporting by David French in New York; Editing by Christopher
Cushing and Matthew Lewis)
((davidj.french@thomsonreuters.com;))