Daily News: March 8, 2013

Perella Weinberg Expands Asset Management Business

Perella Weinberg Partners announced that it will launch PWP Growth Equity, a new private equity strategy focused on investing in growth companies in the lower middle market. The new strategy will be led by David Ferguson and Chip Baird, investment veterans who have joined the firm as partners in its asset management business. They will be based in New York.

Perella Weinberg said Ferguson and Baird join the firm from Weston Presidio, a lower middle market private equity firm, where they were both Partners. Ferguson and Baird have 40 years of experience in private equity and investing, collectively.

Terry Meguid, founding partner and head of the firm’s asset management business, stated, “Identifying proven and experienced professionals to lead new strategies and further diversify our offering of alternative investment solutions continues to be a primary focus for the Firm. Dave and Chip have a demonstrated track record of successfully sourcing, overseeing and exiting compelling investments and delivering attractive returns for investors.”