HGGC is a successful private equity firm that is a leader in its industry. Due to its recent growth and profit, more qualified personal and promotion within the company was needed. Thanks to sizeable investment from a private donor, new hires and promotions were possible. A 2018 merger between My Web Grocer (MWG) a HGGC subsidiary, and Mi9, has brought large profits to HGGC.
Located in Palo Alto, the heart of the Silicon Valley, HGGC was founded in 2007 by Steve Young, Bob Gay, Richard Lawson, and Gregory Benson. A venture capital financial services company that specializes in privately funded investments and mergers, this company has now $3.2 billion from 2 investment funds. Their investments are often in technology based companies, but they work with partners from all over the private sector and work to make their investors portfolio’s profitable and successful.
Hires and Promotions
On March 26, 2019 Dyal Capital Partners made an important investment that allowed HGGC to promote several of their internal personnel and hire some new employees. A few of the new employees promoted to partner include:
Harv Barinz sources new platform investments as well other duties within the company. Les Brown is Chairman of the Board of Directors for the Fund III investment. John Block is now instrumental in several investment funds throughout the company. Steven Leistner is active with investments for the company, especially with the Fund III investment. Lance Taylor serves as Chief Financial Officer for the firm and several investments funds.
Others promoted are: Kurt Krieger, Chris Schulze, Jay Tabu, Peter Cozzi, and Neha Vaidya.
New hires selected to join the company are: Lindsay Sparks new Executive Director, Greg Catabiano new Executive Director, Mo Gulamhusein new Vice President, Holland Reynolds new Investment Associate, and Chandni Shah new fund Accountant in the Operations Team.
On October 15, 2018 HGGC merged with Mi9 Retail. This merger now powers retail operations for brands like Nike and Levi’s, over 500 brands in total. This merger is projected to earn billions of dollars for the respective companies.