- Kittredge will join Napier Park Financial Partners, the Firm’s Private Equity Group
- As an industry veteran, Kittredge brings extensive experience investing in the financial services industry
Napier Park Global Capital has announced that Dan Kittredge has joined the firm’s private equity group, Napier Park Financial Partners, as a managing director.
“We have known Dan for over fifteen years and have had the privilege of co-investing with him in HealthEquity, one of our current portfolio companies,” said Manu Rana, managing director and co-head of Napier Park Financial Partners. “Dan has an outstanding track record of identifying innovative high-growth companies in financial services and building their value. We look forward to Dan contributing greatly to the Napier Park franchise as we continue to grow.”
“Dan is an excellent addition to our team, bringing broad investment experience in the financial services industry including businesses across many of our target growth sectors, such as payments technology solutions, outsourced administrative technologies, financial product distributors, specialty finance alternative providers, asset management solutions, banking products and insurance related solutions,” added Steve Piaker, managing director and co-head of Napier Park Financial Partners.
Prior to joining Napier Park, Kittredge was vice president of investments at Security Benefit Corporation, a Guggenheim Partners affiliate, where he focused on leading private investments. Before that, he was a principal at Berkley Capital, a subsidiary of W.R. Berkley, where he focused on financial services and financial technology private equity and mezzanine debt investments for over ten years. Kittredge began his investing career at J.H. Whitney, prior to which he was an investment banker initially at Lazard, focusing on financial institutions, and subsequently at Banc of America Securities, focusing on insurance. Kittredge received a BA from Bowdoin College where he majored in mathematics and graduated summa cum laude.
Napier Park Financial Partners is the private equity investment group of Napier Park Global Capital and is focused exclusively on making investments in the financial services industry. Financial Partners manages growth equity funds that provide companies with flexible financing solutions to support growth capital, secondary sales and recapitalizations. Financial Partners typically invests $5 million to $25 million in both majority and significant minority equity positions, and can lead larger investments. Financial Partners also manages a real asset fund, Napier Park Railcar Leasing Fund, LLC, which is a specialized railcar leasing private equity fund established as part of a joint venture with Trinity Industries Leasing Company, a wholly owned subsidiary of Trinity Industries, Inc. Napier Park Global Capital is an independent alternative asset management firm that manages approximately $6 billion as of April 1, 2014.