Norwest Mezzanine Names Hogan Partner
May 12, 2008
John Hogan, formerly a managing director at Piper Jaffray & Co., joined Norwest Mezzanine Partners as a partner, the Norwest Equity Partners unit announced.
In addition to his managing director position at Piper, he was also head of the financial sponsors group. He joined Piper 10 years ago, during which time, he was a senior banker in the middle-market M&A group, and managed investment banking of the transportation equipment and services sector on the industrial growth team. In addition, Hogan arranged private placements and restructured troubled assets during his tenure at Norwest Bank, now Wells Fargo, prior to joining Piper Jaffray.
“John’s credit background, his successful career of building the financial sponsor coverage group at Piper Jaffray, as well as his broad investment banking transaction experience, give him a well-rounded perspective on the market that he’ll bring to NMP,” said Norwest managing general partner Timothy DeVries.
Hogan graduated cum laude from Carleton College with a bachelor’s degree in economics, and he received his M.B.A. from the Carlson School of Management at the University of Minnesota.
Mezzanine lending been riding high of as of late, and firms are taking advantage of their newfound power. Norwest Mezzanine, which has $650 million in capital under management, plans to close $500 million NMP III fund this year.
The firm also promoted Carter Balfour to partner and Shani Graber to principal.
In January 2008, Norwest invested $5.5 million of senior subordinated debt and $5.4 million of equity in Coastal QSR Holdings, a franchise operator of 45 Taco Bell and YUM! restaurants.
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