- Bregal VP Daryl Yap to join AIP
- To work in business development
- AIP closed Fund VI last year
Daryl Yap, a vice president at Bregal Private Equity Partners, is joining American Industrial Partners, according to three people with knowledge of the move.
Yap has worked as a limited partner at Bregal since 2010. It’s not clear what his official title will be at AIP. One person said he will work on business development.
Ben DeRosa, a partner in business development at AIP, and Doug Allen, a spokesman for Bregal, didn’t return requests for comment.
Prior to Bregal, Yap worked as an investment-banking analyst at Merrill Lynch from 2007 to 2010, according to his LinkedIn profile.
Bregal Private Equity Partners is the fund-investing platform of Bregal Investments, the private-equity arm of a European holding company called COFRA Holdings. COFRA is controlled by the Brenninkmeijer family. The funds group is led by Managing Directors Chuck Flynn in New York and Jan Faber in London.
AIP, meanwhile, closed its sixth fund on $1.8 billion last year. That total included a $350 million carve-out for distressed investments. The firm hired Jason Perri and Michael Aingorn last year to run the distressed-investment strategy.
Action Item: Contact Ben DeRosa at AIP for more info: email@example.com
Photo courtesy of Shutterstock