Kingsley Gate Partners, a global executive search firm headquartered in Dallas, today announced an investment from Crescent Cove Advisors.
Financial terms were not disclosed, but Crescent Cove invested about $40 million of equity into the deal and assumed a majority share of the firm.
In addition, Umesh Ramakrishnan, one of Kingsley Gate Partners’ co-founders, has been named the firm’s CEO, a newly created role. However, all three founders will remain active in the business.
The investment will be used to fuel further global expansion, increase recruitment and development of the organization’s leadership, and accelerate investment in its talent acquisition and artificial intelligence software.
Crescent Cove Advisors is an institutional asset management and private debt firm based in San Francisco.
“Kingsley Gate marks our first private equity investment and expands the capital solutions we can offer founder-led technology companies,” said Jun Hong Heng, founder and chief investment officer of Crescent Cove.