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Dealmakers to Watch: Chip Schorr, Gary Tang and Greg Belinfanti

Happy Friday, Hubsters!

MK Flynn here on the Wire today, filling in for Obey Martin Manayiti, who has the day off.

I imagine many of you are on holiday too, so in that spirit, we’re offering up for your reading pleasure three profiles from PE Hub’s Dealmakers to Watch series.

Tech investing pioneer

PE Hub has been reporting on consummate technology investor Chip Schorr’s new private equity firm Niobrara Capital Partners all year, but the mid-market PE firm wasn’t officially launched until June 11. Based in New York, Niobrara makes strategic investments in technology and tech-enabled services and announced its debut deal, an investment in Polar Semiconductor, which we covered back in April.

PE Hub’s Rafael Canton caught up with Schorr and learned more about his professional path, which includes pioneering a legendary deal and working at One Equity Partners for nine years.

You can read more about Schorr in the premium edition of the Wire.

Healthcare expert

Growing up the son of Asian immigrant parents who arrived in the US with nothing but “a bag of clothes on their shoulders,” Gary Tang saw first-hand how poverty leads to poor health outcomes. He also witnessed the challenges of the business world from a young age, watching his father set up a small business that ultimately failed.

These experiences ultimately led Tang to pursue a career in private equity. In May, Renovus Capital Partners announced he joined the firm as principal.

Tang spoke to PE Hub healthcare reporter John R Fischer.

Premium subscribers to the Wire may read the profile.

In the pilot’s seat

“The motto for the Royal Air Force, per ardua ad astra, meaning ‘through adversity to the stars,’ is something I take with me everywhere I go. It’s a lot of what investing is,” Greg Belinfanti, the newly promoted president of One Equity Partners, told PE Hub’s Obey Martin Manayiti.

Find out more about Belinfanti in the subscriber version of the Wire.

Suggestion box

PE Hub’s Dealmakers to Watch series features profiles of private equity professionals as they pivot to new challenges, such as moving to a new firm, launching a new firm, getting promoted to partner, launching an investment strategy, closing a significant deal or some other new endeavor.

Is there someone you’d like to see profiled? Send suggestions to me at mk.flynn@pei.group.

I’ll be back with more on Monday. In the meantime, I hope you have a great weekend.

All the best, MK

Read the full wire commentary on PE Hub ...

Also of note (may require subscriptions)

APG Asset Management, Europe’s largest investor in private equity according to affiliate title Private Equity International‘s Global Investor 150 ranking, has decided not to go ahead with what would have been one of the largest private equity portfolio sales so far this year. (Secondaries Investor)

Speaking of the Global Investor 150, an annual ranking of the world’s top LPs, Private Equity International offers an interactive guide.

Serge Savasta has for a long time been focused on the energy transition – apt, as his career has transformed from engineering, to banking, to private equity, and now even touches the world of motorsport. A self-proclaimed “young dinosaur” of the renewable energy sector, Savasta, the latest member of PE Hub Europe’s Dealmakers to Watch series, had been groomed to take over the family business, a small French civil engineering company. “I was not prepared to do that,” said Savasta, now the CEO of Omnes Capital. “I had a taste for finance.”

The sponsor-initiated secondaries market will hit a stumbling block if incumbent LPs’ needs and wishes aren’t prioritized over those of incoming ones. (Secondaries Investor)

There is a growth equity “missing middle” in climate finance, presenting both a barrier to decarbonization and an opportunity for investors, according to a new research report seen exclusively by New Private Markets.

Decentralization of decision-making within pensions is among the factors slowing the flow of capital into regenerative agriculture strategies, said one of the authors of a joint study into how regenerative ag can be financed. (Agri Investor)

As summer descends on the Northern Hemisphere, it is easy to appreciate the value of keeping the temperature cool – and providing the means to do so counts as vital infrastructure. Two recent deals, each estimated to be worth more than €500 million, neatly illustrate how infrastructure managers can access the cold chain logistics market and why this sector is well worth observing. (Infrastructure Investor)

Hurricane Beryl is said to be the earliest category 5 Atlantic hurricane on record, adding momentum to concerns about already rising insurance costs for institutional landlords and their investors. (Private Equity Real Estate)

The transition to a decarbonized economy will require an astonishing amount of capital. This is not a new message, but it is one that bears repeating. (New Private Markets)

They said it

“The motto for the Royal Air Force, per ardua ad astra, meaning ‘through adversity to the stars,’ is something I take with me everywhere I go. It’s a lot of what investing is.”

— Greg Belinfanti, president of One Equity Partners