Toronto-based Kirchner Private Capital Group has announced that Les Lyall has joined the firm as managing partner of Kirchner Investment Management, the group’s fund management subsidia
Toronto-based Kirchner Private Capital Group has announced that Les Lyall has joined the firm as managing partner of Kirchner Investment Management, the group’s fund management subsidiary.
The Kirchner group provides investment management, investment banking, and operational transition management services to the private capital industry. The investment management business provides venture capital, private equity investment management and advisory services.
Lyall (pictured) has 25 years of operational, private equity, venture capital, and fund management experience. He has served on the boards of private and public companies, has held management operating roles and turnaround assignments, and has worked with companies through the IPO and strategic sale process.
Most recently, Lyall was chief operating officer of GrowthWorks Capital, a Canadian venture fund manager with USD750m of assets under management. While at GrowthWorks, he was previously senior vice president responsible for two Ontario based funds totalling USD400m under management. In this role, he also managed the acquisition and consolidation of six venture funds, resulting in a significant investment performance improvement.
"We are pleased to have Les join our steadily growing team of professionals," says W. B. (Bud) Kirchner, chief executive and founder of KPCG. "We have worked with Les for many years, and his combination of private equity and venture capital experience, together with hands-on operational expertise, makes him an ideal addition to our group. We are proud to be approaching our 25th year in this business and are excited to have someone of Les’ calibre and reputation join the team working in our North American market."
"I am very excited to join KIMC and help expand the firm’s existing fund management business," says Lyall. "The move to KIMC represents an opportunity to offer institutional investors a second option in managing their alternative asset fund investments and allows me to build on my experience improving the investment returns of underperforming funds."
