Cardenas Named At Olympus Partners –

STAMFORD, Conn. – Less than two years after joining Olympus Partners as a principal, David Cardenas in mid-December was named a general partner.

Mr. Cardenas has been very active in sourcing and evaluating deals in education and business for the $505 million Olympus Growth Fund III, including two current portfolio companies: National Technological University Corp., a distance learning company, and AMN Healthcare Inc., a nurse staffing business.

Fund III, which focuses on later-stage growth compaines and sponsored buyouts, closed last summer and has so far made only a few commitments, Mr. Cardenas said. While the vehicle has a general industry focus, the firm has found recent success in the specialty financial services, education, transportation, oil field services, business services (such as outsourcing), media and telecommunications industries. Financings typically range between $10 million and $50 million.

Managing Partner Robert Morris said the promotion was well deserved. “[Dave has] been a terrific contributor to several transactions since joining the firm.”

Mr. Morris noted the need to bring in another partner to manage the firm’s new fund. “We’ve been able to grow our own over time,” he said, explaining that only one of the firm’s five G.P.s came in as a partner.