FFL Partners (FFL), a private equity firm focused on growth investments in middle market companies, has promoted Chris Harris and Cas Schneller to Managing Partner.

Harris and Schneller, who have both been with FFL for more than a decade, will join existing Managing Partners and co-founders Spencer Fleischer and Tully Friedman in overall management of the firm. They will have responsibility for overseeing the firm’s investments, operations, investor relations and strategic growth activities, while continuing to lead their respective investment strategies.

“These promotions reflect the invaluable contributions Chris and Cas have each made to FFL over the years. This new senior leadership structure will strengthen our firm’s governance, management processes and continuity,” says Friedman. “We’re very proud of Chris and Cas for playing instrumental roles in FFL’s growth and success, including refining our sourcing process and value creation framework.”

Harris, who joined FFL in 2008, oversees FFL’s healthcare services investment activities. He has led five investments from FFL’s current fund, including EyeCare Partners, which was successfully exited in February 2020. Harris currently serves on the boards of Autism Learning Partners, Eyemart Express, Summit Behavioral Healthcare, and Versant Health.

“Cas and I are committed to ensuring FFL’s future success. As the firm approaches a quarter century of private equity investing, we are more confident than ever that our hyperspecialised, high-engagement strategy is the right one for the current environment,” says Harris.

Schneller joined FFL in 2006 and specialises in business services. He has led four investments from FFL’s current fund, including Crisis Prevention Institute, which was recently named the Mid-Market Deal of the Year by Buyouts magazine following FFL’s successful exit in 2019. Schneller serves on the boards of Accordion, American Advisors Group, ALKU, ProService and SNAP Financial Group.

“Chris and I are honoured and excited to take on new leadership responsibilities,” says Schneller. “We see tremendous opportunity for FFL to execute on our strategy and create value for our investors across cycles.”