Industrial-focused private equity house Sole Source Capital has hired former Crescent Capital senior exec Sumil Menon as its new head of investor relations.
Sole Source closed its debut private equity fund on its $160m hard cap in December 2018, and completed its last investment from the vehicle in May this year by picking up Supply Chain Services.
Menon spent nearly a decade at Crescent, most recently as senior vice president for business development.
During his time at the firm he helped it more than than tripling its assets under management, which by 2020 totaled nearly $30bn.
Menon was previously an associate on the business development and institutional relationship management team at Wilshire Associates, and began his career at Pacific Investment Management Company.
Sole Source was founded by former Gores Group senior exec David Fredston two years ago, to focus on lower mid-market investmetns in manufacturing, distribution, and industrial service companies.
Fredston said, “We are pleased to welcome a talented investor relations professional of Sumil’s caliber to the Sole Source team.
“With deep institutional relationships around the world and significant experience managing numerous capital raises, Sumil will play a key role in fostering investor engagement and articulating our differentiated strategy.”
Sole Source targets North American companies with between $5m and $20m of EBITDA, and focuses on management buyouts, corporate divestitures, and founder/family owned businesses in defensive end-markets.
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