Cory Steffek, a US-based managing director for Saudi Aramco Energy Ventures, has taken an MD role at private equity investment platform Ara.
Cory Steffek has left Saudi Aramco Energy Ventures (SAEV), the corporate venturing arm of petroleum producer Saudi Aramco where he was a managing director, to join private equity investment platform Ara Partners.
US-based Ara Partners, which hired Steffek as managing director, focuses on lower middle market investments in the energy, industrial and infrastructure industries.
Steffek joined SAEV in 2012 and his role with the Saudi Arabia-headquartered unit had, like Ara Partners, been based in Houston, Texas.
SAEV generally concentrates on…
