Key Takeaways
- • David Group Capital Management Ltd, a Herzliya-based private equity firm, has launched with secured capital raised prior to launch, focused on investing in and scaling mature Israeli and Israel-related businesses.
- • Stella Cohen, Founder and Managing Partner with more than 20 years of global M&A and private equity experience, leads the firm, with retired Goldman Sachs partner Raanan Agus serving as Chairman.
- • The firm will invest primarily across four sectors: financial services, defense, industrials, and tech-enabled business services.
- • David Group's Strategic Advisory Board includes Matthew Botein (Gallatin Point Capital), Eugene Kandel (Tel Aviv Stock Exchange), and Joseph Weiss (former IAI president and CEO), among others.
Summary
David Group Capital Management Ltd ("David Group" or the "Firm") has launched as a private equity firm focused on investing in and scaling mature Israeli and Israel-related businesses, according to a Business Wire announcement datelined Herzliya, Israel. The firm states it has secured significant capital prior to its launch, though no fund size was disclosed in the release.
Stella Cohen, the Firm's Managing Partner, founded David Group and brings more than 20 years of experience across global M&A and private equity investing. Her career includes principal responsibility for private equity investments across the United States, Europe, Israel, and Latin America, and roles as Co-Head of Private Equity (EMEA) at the J. Safra Group and Principal in the New York Private Equity Direct Investments team at La Caisse de Dépôt et Placement du Québec. She previously served as a Board member of Phoenix Financial until March 2026. Raanan Agus, the Firm's Chairman, is a retired Goldman Sachs partner who spent 32 years at the firm, including 24 years as a partner, and held roles including Global Co-Head and Co-Chief Investment Officer of GS External Investing Group and founder of the GS SPAC investing business.
The firm is headquartered in Herzliya and says it will partner with companies that are Israeli-founded or led, have significant activity or assets in Israel, or operate within Israeli fields of excellence. It positions itself as a partner both to Israeli businesses operating globally and to large international private equity firms navigating Israeli complexity in large-cap companies. David Group will invest primarily across financial services, defense, industrials, and tech-enabled business services. Cohen framed the strategy around Israel's non-tech economy, which she said "has been somewhat left behind" relative to the "Startup Nation" narrative.
The Strategic Advisory Board includes Matthew Botein, Co-Founder and Managing Partner of Gallatin Point Capital; Eli Groner, CEO of the Future of Israel Foundation; Eugene Kandel, Chairman of the Tel Aviv Stock Exchange; Cindy Levy, Senior Partner at McKinsey; Michael Olshan, Founder and Managing Partner of O-Corp; and Joseph Weiss, former President and CEO of Israel Aerospace Industries. The founding team includes Bar Mor, former partner at Kedma Capital, and Lila Frenkel, former partner and CFO at MoreVC. Agus said Israel's economy has demonstrated resilience "across economic and geopolitical crises and wars." The release notes that interests in the firm's related securities are available only to Sophisticated Investors under Israeli Securities Law.
Stella Cohen, the Firm's Managing Partner, founded David Group and brings more than 20 years of experience across global M&A and private equity investing. Her career includes principal responsibility for private equity investments across the United States, Europe, Israel, and Latin America, and roles as Co-Head of Private Equity (EMEA) at the J. Safra Group and Principal in the New York Private Equity Direct Investments team at La Caisse de Dépôt et Placement du Québec. She previously served as a Board member of Phoenix Financial until March 2026. Raanan Agus, the Firm's Chairman, is a retired Goldman Sachs partner who spent 32 years at the firm, including 24 years as a partner, and held roles including Global Co-Head and Co-Chief Investment Officer of GS External Investing Group and founder of the GS SPAC investing business.
The firm is headquartered in Herzliya and says it will partner with companies that are Israeli-founded or led, have significant activity or assets in Israel, or operate within Israeli fields of excellence. It positions itself as a partner both to Israeli businesses operating globally and to large international private equity firms navigating Israeli complexity in large-cap companies. David Group will invest primarily across financial services, defense, industrials, and tech-enabled business services. Cohen framed the strategy around Israel's non-tech economy, which she said "has been somewhat left behind" relative to the "Startup Nation" narrative.
The Strategic Advisory Board includes Matthew Botein, Co-Founder and Managing Partner of Gallatin Point Capital; Eli Groner, CEO of the Future of Israel Foundation; Eugene Kandel, Chairman of the Tel Aviv Stock Exchange; Cindy Levy, Senior Partner at McKinsey; Michael Olshan, Founder and Managing Partner of O-Corp; and Joseph Weiss, former President and CEO of Israel Aerospace Industries. The founding team includes Bar Mor, former partner at Kedma Capital, and Lila Frenkel, former partner and CFO at MoreVC. Agus said Israel's economy has demonstrated resilience "across economic and geopolitical crises and wars." The release notes that interests in the firm's related securities are available only to Sophisticated Investors under Israeli Securities Law.
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