Probitas names DePonte partner, closes W

The San Francisco-based placement agent and private equity consultant has named Kelly DePonte partner. The firm also completed fundraising for client W Capital Partners.

Probitas Partners, the San Francisco-based placement agent and private equity consultant, today named Kelly DePonte a partner.

The firm also completed fundraising for client W Capital Partners, a secondary direct private equity fund.

DePonte joined Probitas in 2001 as global head of research and due diligence. DePonte is in charge of identifying and conducting due diligence on private equity funds, as well as leading the firm’s research efforts.

Prior to joining Probitas, DePonte as chief operating officer and managing director at La Jolla, California-based private equity consultant Pacific Corporate Group.

Mike Hoffmann, co-founder of Probitas, said, “It is unusual for firms in our business to have a professional with Kelly’s depth and breadth of experience available to its clients.”

Probitas, with additional offices in New York and London, has raised more than $3 billion (€2.5 billion) in private equity capital across a diverse array of strategies, according to the statement. The firm also advises on secondary transactions.

Most recently, Probitas saw success in the final close of W Capital Partners, a New York-based fund focused on the acquisition of portfolios of direct venture capital and private equity investments. The fund raised a total of $250 million and had an initial target of $150 million.