KPS CAPITAL PARTNERS ANNOUNCES PROMOTIONS
RAQUEL PALMER ELEVATED TO CO-MANAGING PARTNER
RYAN BAKER AND KYLE MUMFORD ELEVATED TO PARTNER
New York, NY (November 5, 2018) -- KPS Capital Partners, LP (“KPS”) announced today that Raquel Palmer has been promoted to Co-Managing Partner, and Ryan Baker and Kyle Mumford have been promoted to Partner.
Michael Psaros, Co-Founder of KPS, said, “Raquel’s elevation to Co-Managing Partner is an acknowledgement of the critical leadership role she plays at our firm. Raquel was present at its creation, and for nearly the past quarter century she has been integral in building KPS into the leading global private equity firm and franchise it is today. She is also recognized as one of the most accomplished and creative professionals in the private equity business. We look forward to working with Raquel to accelerate our firm’s extraordinary trajectory and momentum.”
David Shapiro, Co-Founder of KPS, said, “We congratulate Ryan and Kyle, the first members our team elevated to Partner in more than a decade. Ryan and Kyle’s contributions over the past decade are truly extraordinary, yet they earned this partnership not only because of their exceptional body of work, work ethic and success, but, importantly, because they embody the values and value system of our firm. Mike, Raquel, Jay and I look forward to working with our new Partners to continue to create value for our investors into the future by seeing value where others do not, buying right and making businesses better.”
KPS is very proud of the strength, longevity and continuity of its senior leadership team. The Co-Founders have worked together since 1991. Raquel Palmer has been a KPS team member for nearly 25 years. Jay Bernstein has been a KPS team member for nearly 20 years. Ryan Baker and Kyle Mumford have been KPS team members for over 10 years. For more information, please go to www.kpsfund.com/team/partners.
About KPS Capital Partners
KPS, through its affiliated management entities, is the manager of the KPS Special Situations Funds, a family of investment funds with approximately $21.4 billion of assets under management (as of September 30, 2024). For over three decades, the Partners of KPS have worked exclusively to realize significant capital appreciation by making controlling equity investments in manufacturing and industrial companies across a diverse array of industries, including basic materials, branded consumer, healthcare and luxury products, automotive parts, capital equipment, and general manufacturing. KPS creates value for its investors by working constructively with talented management teams to make businesses better and generates investment returns by structurally improving the strategic position, competitiveness, and profitability of its portfolio companies, rather than primarily relying on financial leverage. The KPS Funds’ portfolio companies currently generate aggregate annual revenues of approximately $23.7 billion, operate 251 manufacturing facilities in 30 countries, and have approximately 65,000 employees, directly and through joint ventures worldwide (as of September 30, 2024, pro forma for recent acquisitions). The KPS investment strategy and portfolio companies are described in detail at www.kpsfund.com.
KPS Mid-Cap focuses on investments in the lower end of the middle market that require up to $200 million of initial equity capital. KPS Mid-Cap targets the same type of investment opportunities and utilizes the same investment strategy that KPS’ flagship funds have for nearly three decades. KPS Mid-Cap leverages and benefits from KPS’ global platform, reputation, track record, infrastructure, best practices, knowledge and experience. The KPS Mid-Cap investment team is managed by Partners and Co-Heads Pierre de Villeméjane and Ryan Harrison, who lead a team of experienced and talented professionals.
