The company has appointed two distinguished software industry leaders to its growing team: Hannah Johnson as chief talent officer and Sean McDonell as head of investor relations.
In their new roles, Johnson will lead the advancement of Elsewhere's extensive operating advisor network and work closely with the firm's growing portfolio on talent initiatives, while McDonnell will manage fundraising efforts, limited partner engagement, private equity firm relationships and marketing initiatives.
"Our team, portfolio companies, and our LPs will all benefit from the addition of proven leaders like Hannah Johnson and Sean McDonell," Elsewhere Partners founder and partner Chris Pacitti says.
"The Elsewhere Partners model puts a strong focus on the power of talent and collaborative partnerships, and their enthusiasm is infectious," Johnson says.
"I'm excited for the opportunity to provide tremendous advantages for the Elsewhere network by making the right connections to help software innovators scale their businesses and ensure each member of our investment team and extended network can continue to take pride in their work.
"Joining a team that truly values the critical role talent acquisition and retention plays across its portfolio is invigorating," Johnson adds.
"The growth equity market has evolved significantly as it has matured, but the success of the investment model has led fund managers to move up market, creating a significant and persistent gap at the lower end of the software segment, which Elsewhere Partners aims to fill," McDonell says.
"After getting to know the Elsewhere team, it became clear we shared a joint vision for how to best take advantage of the changing market dynamics.
"I'm looking forward to this next chapter and hope to help limited partners see the same opportunity with this strategy that we do.
"I'm also excited to continue my relationships within the sponsor universe as Elsewhere looks to expand its network of potential recapitalisation partners and portfolio company buyers."