Kelly DePonte and Reidan Cruz have joined Probitas Partners, the San Francisco-New York and soon-to-be London-based placement advisory firm.
DePonte was formerly COO and MD at Pacific Corporate Group where he oversaw the investment program that comprised over $20 billion in capital dedicated globally to private equity. DePonte will lead sourcing and due diligence efforts for Probitas’ fund placement team as well as develop alternative investment strategies as the platform expands.
Cruz joined Probitas in April and is responsible for relationship management from the New York office. He was previously vice president in Merrill Lynch’s private equity group. Total capital raised for the approximately 25 funds represented by the group while Cruz was with the team exceeded $9.5 billion.