Tech and healthcare-focused non-public fairness home Welsh Carson Anderson & Stowe has named software program and fintech skilled Pete Hess as its newest working accomplice.
Hess was most lately CEO at Khoros, and beforehand spent greater than 22 years at Creation Software program, latterly as president and CEO.
WCAS normal accomplice Eric Lee mentioned, “We now have identified Pete and adopted his successes for a lot of years.
“He brings deep expertise constructing market-leading software program corporations, in depth data of the monetary know-how and software program industries, and a beautiful neighborhood of relationships constructed over 25 years.”
Hess added, “WCAS has an exceptionally lengthy and profitable observe file in monetary know-how and as an incredible accomplice to their portfolio corporations.
“I stay up for working with the WCAS know-how staff to implement the agency’s technique of partnering with administration groups to develop their companies.”
Over the previous 4 many years WCAS has invested over $11bn of fairness in 105 know-how corporations.
Its present portfolio contains software program and tech companies companies Avetta, Clearwater Analytics and Fast Base.
Welsh Carson raised $4.3bn for the ultimate shut of its 13th buyout fund final yr, nicely above its preliminary $3.5bn goal.
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