KRG doubles partner roster, eyes fund

Denver-based KRG Equity Partners announced the addition of five new managing partners this week, as it prepares to invest its current fund and raise a new one.

KRG Capital Partners, a Denver-based buyout firm, announced the promotion of several staff members today, adding two new managing directors to its roster.

 

Christopher Bock and Steven Neumann were promoted from director to managing director positions. Bock has been with KRG since 1997, before which he worked at New York investment bank Hambro Resource Development and then at NatWest Markets, the corporate and investment banking arm of the UK bank. Before Neumann joined the firm in 1998, he worked in the Corporate Finance Services Group of the San Francisco accounting firm Coopers & Lybrand.

 

The announcement comes just two days after the announcement of three newly hired managing directors on Monday: Blair Tikker, Ted Nark, and Stewart Fisher. The hires announced this week double KRG’s stable of managing directors, bringing their number from five to ten. While the original directors have primarily financial backgrounds, the new hires have experience in the healthcare, med-tech, construction, manufacturing and distribution.

 

Also announced was the promotion of Theresa Shelton to the position of Chief Operating Officer. Shelton began her career in accounting, then joined Rock Bottom Restaurants, eventually becoming vice president of finance. She joined KRG in 1999 as its Chief Financial Officer.

 

KRG currently manages $1.5 billion (€1.1 billion) in capital, and is in the process of investing $715 million raised in its most recent fund. Dale Meyer, another new hire to the position of head of investor relations, said that the addition of the new hires will be an asset to the firm as it invests its current fund and prepares to raise its next fund.

The firm invests in high-margin, middle market companies. Currently in its portfolio are Case Logic, a producer of storage and organisational devices, and the Focus Corporation, an engineering and infrastructure project consulting firm.