In March of 2019, HGGC announced some big changes in the lineup of their investing team. After a strategic investment was made, the company promoted ten of their team members while hiring on 5 more to join the company. These promotions show recognition for the team that has helped make the company a leading tech-focused private equity firm. They continue to build the firm’s portfolio while using their strategy known as “Advantaged Investing“. Richard Lawson and Steve Young, 2 of the firm’s co-founders, had expressed excitement about the 5 new people that were set to join their team. The team members that had been promoted had shown exceptional skill when it came to leadership which helped them earn their new positions.
Out of the 10 promotions that took place at HGGC, 5 of them were promoting members of their team to Partner. The new partners include John Block, Les Brown, Steven Leistner, Lance Taylor, and Harv Barenz. These men had been with the company since 2010, 2007, 2009, 2014, and 2008, respectively. Steve Young expressed how proud he was of the team at his firm. They are both smart and hard working which has helped their firm become a success. Recognizing the achievements of these 10 team members is something that the executive team is happy to do. The members of the firm’s team that were promoted to different positions were Jay Tabu, Kurt Kreiger, Peter Cozzi, Chris Schulze, and Neha Vaidy.
HGGC was founded in the San Francisco Bay area in 2007. The company’s co-founders are Bob Gay, Richard Lawson, Gregory M. Benson, and Steve Young. The private equity firm is in the late stage ventures and private equity stages of investment. The middle market private equity firm consists of a team of professionals with experience and talent. When their partners succeed in business, HGGC stated that they also succeed. Steve Young, a co-founder of the company, is a managing partner for the firm along with Gregory M. Benson. Bob Gay is in the position of executive director while Richard Lawson is the company’s Chief Executive Officer and managing partner.