PE Hub's Outlook series of Q&As featuring insights from private equity thought leaders continues with Lateral Investment Management founder Richard de Silva. Lateral Investment Management, LLC (“Lateral”), a growth-oriented private equity firm focused on founder-operated technology companies, is making significant moves in the industry. New York lateral partner hires in Am Law 50 and Magic Circle firms have grown substantially in 2024, with an uptick in moves in investment management. De Silva aspires to expand the brand beyond the US, potentially adapting the messaging to better resonate with international markets. An outlook conversation in the technology sector with Lateral Investment Management founder and managing partner Richard de Silva sheds light on the firm's strategic direction.
The firm has announced two new hires - Genna Brounstein and Jennifer Cahill – in the newly created roles of senior vice presidents of Private Market Sales. This move signals Lateral's commitment to expanding its reach and client base. Davis Polk & Wardwell is continuing its lateral expansion with a trio of asset management partners from Debevoise & Plimpton in New York, showing a trend of firms focusing on bolstering their capabilities in the investment management space. David Hepps joins with Matthew Collin at Paul Weiss to lead the asset management M&A practice, highlighting the importance of expertise in this area.
Easterly Asset Management (“Easterly”), home to investment teams providing investors with a portfolio of solutions across alternatives, is a key player in the industry. Lateral Investment Management's strategic hires and global aspirations showcase the firm's commitment to growth and innovation. The expansion into international markets presents new opportunities for Lateral to diversify its portfolio and attract a broader range of investors. The addition of experienced professionals in key roles demonstrates Lateral's dedication to excellence and client service.