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TZP Group shakes up team with new hires, promotions

Private equity firm TZP Group LLC has shaken up its team with new hires and a round of promotions.

New hires include Shamit Mehta, appointed partner for growth equity who joins the firm from Guidepost Growth Equity Michael Khutorsky, who joins the firm as a principal from Tower Three Partners LLC; and Marco Luy, an ex-Guggenheim Partners LLC investment banking analyst, now in the firm's capital partners team.

The firm has also expanded its portfolio operations team, adding JoAnne Kruse as portfolio operations partner for talent and Jarrad Berman, who will work with companies on digital transformation and monetization.

Sheera Michael was promoted to partner, having been CFO and chief administrative officer since the firm launched. Harrison Davis, who joined TZP in 2015 as a senior associate, was named principal of TZP Small Cap Partners. Matt Doherty, Manvir Heir and Ryan McCarthy were all promoted to senior associate.

TZP Group targets investments in business and consumer services companies.