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Former KKR Korea exec departs to launch new PE firm

Lim Hyoung-seok, a former Vice President at KKR Korea, has left the global private equity firm after nine years to establish his own private equity fund, Neos Equity Partners, according to a report by the Korea Economic Daily.

Debevoise adds PE M&A Partner in London

Law firm Debevoise & Plimpton has expanded its 500-plus strong private equity group with the addition of private equity M&A lawyer James Grimwood as a Partner. Grimwood’s appointment was originally announced in October 2024.

Cornell Capital appoints new Partner

Cornell Capital, a US-based PE firm with $5.3bn of AUM and offices in New York and Hong Kong, has promoted Jennifer Cattier to Partner. Based in New York, Cattier will oversee firm operations and personnel, and infrastructure initiatives.

Honigman expands Chicago office with new Partner

US-based law firm Honigman is growing its Chicago office with the addition of Richard “Richie” Catalano as a Partner in the Transactions & Counselling Practice Group and Corporate Department.

Blackstone bolsters private credit team with Ares and KKR hires

Blackstone is expanding its private credit business by hiring two experienced credit professionals, Andie Goh and Jack Ervasti, to handle investment-grade deals. Joining from Ares Management and KKR, the new hires will focus on asset-based debt, according to a report by Bloomberg.

Trump nominates Cerberus co-leader as Deputy Secretary of Defense

President-elect Donald Trump intends to nominate billionaire investor Stephen Feinberg, co-leader of Cerberus Capital Management, a private equity firm with investments in defense contractors, for the role of Deputy Secretary of Defense, according to a report by Reuters.

Tonka Bay Equity Partners promotes Senior Associate

Tonka Bay Equity Partners has promoted Vince Thao, who joined the firm in 2022, to Senior Associate, with responsibilities including transaction diligence, structuring, and portfolio governance.

Shoosmiths appoints PE-focused Partner

Law firm Shoosmiths has appointed Partner Mark Churchman to the firm’s private equity team within the corporate practice, to provide sectoral expertise among existing energy and infrastructure and tech clients, while generating additional streams of work with US-based sponsors investing in the UK and Europe.

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