“Since its founding in 2010, HCPEA has continued to expand its membership rolls, event participation, sponsorships and member services and industry research,” Ibrahim said. “Michael is an excellent choice to build on the positive momentum.”
(PRWEB) February 25, 2014
The Board of Directors of the Healthcare Private Equity Association (HCPEA) has elected Michael Dal Bello as its next President. Dal Bello will assume office on July 1, 2014, replacing current President Joseph Ibrahim, Healthcare Principal at The Riverside Company.
Dal Bello joined Pritzker Group Private Capital in December, from Blackstone Group, where he invested more than $7 billion of equity capital and led the firm’s sourcing efforts in healthcare. Dal Bello also served on 10 corporate boards, working with management teams to drive value through operational improvements, acquisitions and divestitures. He earned an MBA from Harvard Business School, an MA from Oxford University and undergraduate degrees from the University of Pennsylvania. He is a member of the Council on Foreign Relations.
“Since its founding in 2010, HCPEA has continued to expand its membership rolls, event participation, sponsorships and member services and industry research,” Ibrahim said. “Michael is an excellent choice to build on the positive momentum."
“Michael has a deep understanding of the healthcare sector and a keen appreciation for the important work that HCPEA does to promote healthcare private equity investing,” said Ibrahim. “I’m delighted to hand the reins over to someone so capable and talented.”
“I’m excited about taking on the leadership of HCPEA,” said Dal Bello. “HCPEA plays a vital role in demonstrating private equity’s value to the healthcare economy, and I’m proud to spearhead that effort as President.”
The Healthcare Private Equity Association (HCPEA) is a nonprofit trade association 501 (c) (6) whose mission is to sup¬port the reputation, knowledge and relationships of the healthcare private equity community. Its member firms are committed to building successful enduring healthcare businesses that “do well” while “doing good.”
HCPEA’s 50+ members are among the best known, most respected private equity firms, and they employ over 300 investment professionals throughout the United States and Canada. With $400+ billion under manage¬ment, HCPEA members represent one of the largest portfolios of privately held healthcare-related businesses encompassing services, products, diagnostics, distribution, pharmaceuticals and IT, among other segments.