Key Takeaways
- • York Capital Management hired Seth Pearson as Managing Director of its private equity group; he joins the investment committee of York Special Opportunities Fund III (YSOF III), which has approximately $800 million in committed capital.
- • Pearson previously spent over 13 years at Wellspring Capital Management, most recently as a Partner, where he helped found and lead the firm's healthcare investment efforts.
- • York promoted Rodman Ngo and Max Slivka to Principal and Lyle Berstein and Jeff Nutkis to Vice President, and added Jack Plattus as an Associate.
- • YSOF III, York's third and largest private equity fund, closed in April 2020 and targets control investments in middle-market businesses with equity checks of $50-$200 million.
Summary
York Capital Management, a global private investment firm established in 1991 and managing approximately $13 billion across public and private strategies, announced that seasoned private equity investor Seth Pearson has joined its private equity group as Managing Director, according to a Business Wire release dated February 24, 2021. Pearson will be responsible for deal sourcing, transaction execution and portfolio company oversight, and will sit on the investment committee of YSOF III, York private equity's most recent fund, which has approximately $800 million in committed capital.
Pearson most recently served as a Partner at Wellspring Capital Management LLC, where he spent over 13 years, helping found and lead the firm's healthcare investment efforts and leading investments in niche manufacturing and specialty distribution. He began his career at Wachovia Securities in the Leveraged Finance Origination & Execution group and holds a Bachelor of Arts in Social Studies from Harvard University, graduated cum laude. Zalmie Jacobs, Partner and Head of Private Equity at York, said the firm was "delighted" to add Pearson, citing his deal sourcing, due diligence and value-creation experience.
York also announced internal promotions: Rodman Ngo and Max Slivka were elevated to Principal, and Lyle Berstein and Jeff Nutkis to Vice President. Ngo and Slivka joined York in 2018 and 2017, respectively, while Berstein and Nutkis joined in 2019 from Lindsay Goldberg and Lone Star Funds. The firm also added Jack Plattus as an Associate; he joined in late 2020 from The TCW Group.
YSOF III, which closed in April 2020 as York's third and largest private equity fund, primarily targets control investments in middle-market businesses led by founders or experienced management teams. The fund takes a conservative approach to leverage, targets returns from growth and achieving management plans, and has a target equity investment size of $50-$200 million. York private equity, which launched in 2008, has acquired more than 20 businesses and platforms; recent investments include The Good Feet Stores and fintech company F1 Payments.
Pearson most recently served as a Partner at Wellspring Capital Management LLC, where he spent over 13 years, helping found and lead the firm's healthcare investment efforts and leading investments in niche manufacturing and specialty distribution. He began his career at Wachovia Securities in the Leveraged Finance Origination & Execution group and holds a Bachelor of Arts in Social Studies from Harvard University, graduated cum laude. Zalmie Jacobs, Partner and Head of Private Equity at York, said the firm was "delighted" to add Pearson, citing his deal sourcing, due diligence and value-creation experience.
York also announced internal promotions: Rodman Ngo and Max Slivka were elevated to Principal, and Lyle Berstein and Jeff Nutkis to Vice President. Ngo and Slivka joined York in 2018 and 2017, respectively, while Berstein and Nutkis joined in 2019 from Lindsay Goldberg and Lone Star Funds. The firm also added Jack Plattus as an Associate; he joined in late 2020 from The TCW Group.
YSOF III, which closed in April 2020 as York's third and largest private equity fund, primarily targets control investments in middle-market businesses led by founders or experienced management teams. The fund takes a conservative approach to leverage, targets returns from growth and achieving management plans, and has a target equity investment size of $50-$200 million. York private equity, which launched in 2008, has acquired more than 20 businesses and platforms; recent investments include The Good Feet Stores and fintech company F1 Payments.
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