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Angeles Equity Partners brings on new managing director

Frank Spelman was named a managing director at Angeles Equity Partners, spokesman Trent Waterhouse confirmed in an email.

The position is new. Mr. Spelman will oversee the firm's efforts within the chemicals and industrial goods, and industrial technology, manufacturing and services sectors. He will be the third senior manager of the firm after co-founders Jordan Katz and Timothy Meyer.

Mr. Spelman was a principal at Apollo Global Management. Information on a replacement could not be immediately learned.