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Private Equity Firms

Doug Cahill has joined CCMP Capital Advisors as an executive adviser. He will focus on investment opportunities in the consumer/retail and industrial sectors. Cahill is the former president and chief executive officer of Oreck, the Nashville-based maker of upright vacuums and cleaning products.

Commonfund Capital has named Cari B. Lodge to the newly created position of director. In her new role, Lodge will oversee the firm’s growth and management of secondaries. Prior to joining Commonfund Capital, Lodge served as director of Tulane University’s investment management office, where she was responsible for private equity and private real assets investments. Commonfund Capital is a subsidiary of Commonfund, an investment manager for institutional investors.

First Reserve, a global private equity firm focused on energy, has hired Robert Hanna as a new asset manager. He will work in the firm’s Houston office. Prior to joining First Reserve, Hanna served as a senior director of asset management at Consolidated Asset Management Services.

Harbert Management Corp., an independent investment management firm in Birmingham, Alabama, has named David Crosland as managing partner of Harbert Private Equity Fund III LP. In addition, Steve McGrath is joining Crosland as a principal. Both will be based in the firm’s Atlanta office. Prior to joining the company, Crosland was founding partner of Atlanta Equity Investors. McGrath, also formerly with Atlanta Equity Investors, will be joining Crosland as a principal.

The Park Hill Group, a division of The Blackstone Group, said Pablo Calo has joined its secondary advisory business as a managing principal. In his new position, which is based in London, Calo will provide secondary advisory services to clients in Europe. Prior to joining Park Hill, Calo worked at PineBridge Investments, where he was the head of European private equity secondaries.

Visium Asset Management LP, a $4.5 billion hedge fund firm, is forming a new investment platform focused on healthcare royalties. The company has hired four people from Paul Capital, a private investment firm, to run the platform. They are Ken Macleod, John Leone, David Lippman and Julie Rahman. All joined Visium on June 1. The group will be based in Visium’s New York and London offices. Also, as part of Visium, they will also serve as sub-advisors to Paul Capital’s existing healthcare and royalty funds.

UK-based private equity shop WestBridge Capital has appointed Pascal Wittet as senior investment manager. Wittet spent several years at PricewaterhouseCoopers and other private equity houses. The announcement follows the firm’s recent move to new offices in London to accommodate its growing team.