Daniel Lopez-Cruz will rejoin Investcorp as global head of private equity, concluding the $53 billion alternatives manager’s preparations for its next chapter of growth with a new generation of leadership.
He joins the firm on March 3 and will succeed Dave Tayeh, who is leaving at the end of June once a transition period is completed.
Lopez-Cruz will be based in London and lead the private equity teams across North America, Europe, India, Asia and the Middle East and North Africa region, a news release said.
His appointment marks the end of Investcorp’s planned leadership transition and business streamlining program, which has been underway for the last six months, the release said. The firm is preparing for its next stage of growth with a new generation of leadership from within its own ranks.
Lopez-Cruz is rejoining Investcorp, having been head of European private equity until 2023. He left to found and lead advisory firm Mulhacen, which provided strategic and investment services to global private equity firms including Investcorp.
“We are delighted to welcome Daniel back to Investcorp as global head of private equity,” said Mohammed Alardhi, executive chair, in the release. “Daniel is both a seasoned private equity investor and an accomplished manager and is therefore the ideal executive to lead our private equity business on the next phase of its growth journey. I want to thank Dave for his steadfast commitment to the firm and leadership over these last two decades and I look forward to working with Daniel so we can continue to strengthen our position as a leading global private equity investor.”
A spokesperson declined to comment further.
The firm has made a number of personnel changes recently, including the appointment of new liquid credit leaders, appointing a new CIO and other roles, and the departure of a co-CEO.
