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Former New Mountain, Vestar Execs Launch Firm

  • Bridge Growth Partners fundraising plans unclear
  • Focus to be on technology, financial services
  • Several ties to former portfolio holding Deltek

They are joined by Kevin Parker, the former CEO of Deltek, a software company backed by Thoma Bravo. The three executives are listed as Bridge Growth co-founders and managing principals. Tom Manley, the former CFO of Avaya, the telecom equipment maker backed by TPG Capital and Silver Lake Partners, also has joined Bridge as a senior managing director and chief administrative officer, the firm’s website says.

New York-based Bridge Growth will focus on investments in technology and financial services as well as technology-enabled opportunities in other sectors. It’s unclear whether Bridge Growth will be out marketing for an investment fund. A spokesman declined to comment on the firm’s fundraising plans.

peHUB reported in May that Singh had left New Mountain, which is currently out fundraising. Singh, a long time New Mountain executive, joined the New York buyout shop in 2002 and was a managing director. He led New Mountain’s buy of AmWins Group, a wholesale broker, for $1.3 billion in 2012.

Singh, in a statement, said Bridge Growth plans to “leverage our extensive global network of relationships cultivated over many years” to find investment opportunities. Bridge Growth appears to be harvesting relationships formed from New Mountain’s seven year relationship with Deltek, which the firm owned from 2005 to 2012.

Parker, who is now part of Bridge Growth, was Deltek’s CEO when the company was sold to Thoma Bravo last year. Singh was a Deltek lead director, while Manley was on the company’s board. Nanci Caldwell, who is on Bridge Growth’s advisory board, was also on Deltek’s board.

Luisa Beltran is a senior writer for peHUB.