NEW YORK--(BUSINESS WIRE)--York Capital Management (“York”), a global private investment firm, today announced that seasoned private equity investor Seth Pearson has joined York’s private equity group as Managing Director. Mr. Pearson will be responsible for deal sourcing, transaction execution, and portfolio company oversight and will be joining the investment committee of the York Special Opportunities Fund III (“YSOF III”), York private equity’s most recent investment fund, with approximately $800 million in committed capital.
Prior to joining York, Mr. Pearson spent over 13 years at Wellspring Capital Management LLC, most recently as a Partner. At Wellspring, he helped found and lead the firm’s healthcare investment efforts and also led investments in the niche manufacturing and specialty distribution sectors. Mr. Pearson began his career at Wachovia Securities, in the Leveraged Finance Origination & Execution group. He graduated cum laude from Harvard University with a Bachelor of Arts in Social Studies.
“We are delighted to add an executive with Seth’s skillset and leadership capabilities to our team,” said Zalmie Jacobs, Partner and Head of Private Equity at York. “Seth brings significant deal sourcing, due diligence and investing acumen across a variety of industries, as well as a proven ability to assist companies and management teams in successfully executing on growth plans and driving value. We look forward to his contributions to our firm and the companies in which we invest.”
“I am excited to join York and work alongside the firm’s dynamic investment team to help build upon its well-established opportunistic private equity investment strategy and identify attractive investment opportunities for investors,” said Mr. Pearson.
York private equity also announced the promotions of Rodman Ngo and Max Slivka to Principal, and Lyle Berstein and Jeff Nutkis to Vice President and recently added Jack Plattus as an Associate.
Messrs. Ngo and Slivka joined York in 2018 and 2017, respectively. Prior to joining York, Mr. Ngo was at Platinum Private Equity, and before that was a Consumer and Retail investment banker at JPMorgan Chase & Co. Mr. Slivka joined York from Pegasus Capital Advisors, and before that was an Industrials investment banker at Citigroup. Mr. Berstein and Mr. Nutkis joined York in 2019 from Lindsay Goldberg and Lone Star Funds, respectively. Mr. Plattus joined York in late 2020 from The TCW Group.
“The promotions of Rodman, Max, Lyle and Jeff are well deserved and reflect York’s commitment to cultivating and rewarding our talented investment professionals,” said Mr. Jacobs. “We are proud to recognize the significant contributions they have each made to the firm and our portfolio companies, and we look forward to their continued success. We are also excited to have Jack join the team.”
In April 2020, York successfully closed its third and largest private equity fund, YSOF III, with capital commitments of approximately $800 million. YSOF III’s investment strategy primarily targets control investments in middle-market businesses led by founders and/or experienced management teams. YSOF III generally employs a conservative approach to leverage, targeting investment returns from growth and achieving management plans. It seeks to take advantage of unique company situations across cycles and sectors and has a target equity investment size of $50–$200 million.
York’s Private Equity strategy has a flexible investment mandate, enabling it to tailor each platform investment to the needs of existing owners and management teams while offering creative structuring options. Since launching in 2008, York’s private equity group has acquired over 20 businesses and platforms. Recent investments include The Good Feet Stores, a manufacturer and franchise retailer of personalized arch supports and related products, and F1 Payments, a fintech company focused on increasing business velocity for all constituents in the payments industry ecosystem. For more information, please visit: https://yorkcapital.com/strategies/private-equity.
About York Capital Management
York Capital Management is a global private investment firm established in 1991. The firm manages approximately $13 billion in assets across public and private investment strategies, including its private equity platform. York Capital employs approximately 50 investment professionals and over 150 employees globally, primarily in New York, London and Hong Kong. For more information, please visit York Capital’s website at www.yorkcapital.com.