American Pacific Group moves Mmegwa into managing director role
PE Hub reported that Luchi Mmegwa has been promoted at the San Francisco Bay Area private equity firm, which manages $1.2 billion.
By Marcus V. Thorne · Markets Editor
· 1 min read
American Pacific Group has promoted Luchi Mmegwa to managing director, PE Hub reported. The appointment adds a senior investment professional at a San Francisco Bay Area private equity firm with $1.2 billion of capital under management, according to PE Hub.
Mmegwa joined American Pacific in 2020 after completing an MBA at Harvard Business School, PE Hub reported. Before business school, Mmegwa worked at Goldman Sachs, first within investment banking and later in the firm’s principal investment area, according to the report.
American Pacific Group is a private equity manager based in the San Francisco Bay Area. PE Hub identified the firm as having $1.2 billion of capital under management, a measure that generally refers to capital overseen by an investment manager across its funds and related vehicles.
The promotion places Mmegwa in a managing director position, a senior title within private equity firms. PE Hub did not report additional details on changes to Mmegwa’s responsibilities, portfolio coverage or investment committee role.
Personnel moves at private equity managers are closely watched by limited partners and deal counterparties because senior investment professionals can influence sourcing, diligence and portfolio oversight. PE Hub did not report any associated fundraise, transaction or change in ownership tied to the promotion.
This story draws on original reporting from PE Hub.