CIP Capital Announces Promotion and New Senior Hire to Investment Team
New York, NY – January 8, 2019: CIP Capital, a leading middle-market, sector focused private equity firm, has announced a Vice President promotion and the addition of a new Principal to its senior investment team. This follows an active 2018 for CIP Capital with three new platform investments, the exit of OnCourse Learning and the completion of 10 add-on acquisitions across the portfolio.
Kevin Formica has been promoted to Vice President. Kevin joined CIP capital in 2014 and has been instrumental in helping to manage CIP Capital’s investments in eDriving, Affinitiv and FrontSteps. He was also involved in prior CIP Capital portfolio companies, including RevSpring and OnCourse Learning.
CIP Capital has also announced the addition of Michael Grady as a Principal to the investment team. Mike joins CIP Capital from Partners Group, where he spent three years and was most recently a Senior Vice President in the Direct Private Equity Group. Prior to that, Mike spent eight years as a private equity investment professional at Spire Capital and was previously an Analyst in the investment banking group of JPMorgan Securities.
These changes reflect our commitment to recognize talent and performance and continue to strengthen our organization. CIP Capital will continue to expand throughout 2019 and is actively working with several members of the CIP Operating Network to pursue investment themes in sub-sectors across the Business Information and Technology-Enabled Services sectors.
ABOUT CIP CAPITAL CIP Capital is a New York-based private equity firm focused on investing in growth-oriented, middle- market companies across the Business Information and Technology-Enabled Services sectors in North America. The fund seeks to invest in proven, profitable businesses that provide their customer bases with critical information, data-driven insights, and value-added outsourced services. CIP Capital targets investments in sectors including tech-enabled business services, data-driven marketing services, human capital management and knowledge services. For more information please visit: www.cip-capital.com.