NEW YORK--(BUSINESS WIRE)--Irving Place Capital, a middle-market private equity firm, announced today that Michael Doppelt has rejoined the firm as a Partner and Head of Fundraising and LP Relations. Mr. Doppelt’s new role at IPC will focus on maintaining strong connections with current Limited Partners while expanding the firm’s relationships to include new institutional investors.
Mr. Doppelt previously worked for IPC from 2005 to 2010 as a Senior Managing Director, responsible for LP Relations and Business Development. Prior to recently rejoining IPC, he spent eight years as a Managing Director and Partner at Lightyear Capital, leading fundraising and Investor Relations, during which time the firm completed two target-exceeding fundraises. Mr. Doppelt was previously an investment banker at Bear Stearns and Schroders.
Mr. Doppelt commented, “I’m pleased to rejoin this world-class team of focused PE professionals. The firm has established a differentiated investment approach defined by outstanding operational expertise that effectively maximizes the potential value of portfolio companies.”
“We are happy to welcome Michael back into our group,” IPC Co-Managing Partner John Howard said. “He will be a huge help in getting the IPC message out to potential investors and positioning the firm for continued future success.”
Co-Managing Partner Phil Carpenter added, “Michael is someone we have known for many years. His unique combination of familiarity with our firm’s investment approach and his successful fundraising experience make him the ideal choice to lead our fundraising efforts.”
About Irving Place Capital
Since its founding in 1997, Irving Place Capital has invested in over 60 portfolio companies. The firm focuses on making control or entrepreneur-driven investments where it can apply its substantial operating and strategic resources and expertise to enhance value. Irving Place Capital has successfully executed a broad range of transactions, including buyouts, recapitalizations, build-ups, corporate divestitures, take-privates and distressed-to-control situations. Irving Place Capital generally seeks to invest in companies headquartered in North America. More information about Irving Place Capital is available at www.irvingplacecapital.com.