Private equity firm Z Capital Partners has promoted four members of its team – Martin J Auerbach, Christopher J Kipley, Rahul Sawhney and Jonathan Schmugge – to senior managing director and partner. 

All four individuals were previously managing directors.

James Zenni, president and chief executive of Z Capital Partners, says: "We are pleased to recognise the achievements and hard work of these outstanding professionals.  Our new senior managing directors have made outstanding contributions during their tenure with Z Capital Partners and we look forward to their continued success."