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Probitas Partners co-founder Michael Hoffman retires from firm

Michael Hoffman, one of the founders and president of placement agency Probitas Partners, retired from the partnership in July, according to Kelly DePonte, managing director at the firm.

Hoffman, 58, was one of three founders. The other two, Managing Directors Greg Hausler and Craig Marmer, continue to lead the firm, DePonte said.

It’s not clear why Hoffman decided to retire from the firm. His LinkedIn lists his most recent activity as founder of Prospective Advisors out of Park City, Utah. It’s not clear what that firm does. Hoffman did not respond to a request for comment on LinkedIn.

“We wish Mike well. We look forward to continuing to work together with our clients and friends,” DePonte said.

Hoffman formed Probitas with Hausler and Marmer in 2001. The three all came from Credit Suisse.

Some of Probitas’s recent fund closings include China mid-market shop Centurium Capital, which closed on $2 billion in July, and China mid-market growth firm Forebright, which closed on $300 million in June.

Probitas also worked on the debut fundraising of Hidden Harbor Capital Partners, which closed in January on $266.3 million.

Last year, Probitas named four people to managing director roles: Caryn Feinberg, Haakon Gresvig, Ray Tsao and John Caley.

Action Item: Check out Probitas’s financial filing here: https://bit.ly/2nd5ddn