Ara Partners, a private equity firm focused on industrial decarbonization investments, has promoted Katy Boettcher to principal and has hired Ken Nguyen as a senior associate.

Boettcher joined the firm as a vice president in 2020 and has concentrated on investment underwriting, transaction execution, and portfolio management. Before joining Ara, she served with middle-market private equity investment firm, White Deer.

Nguyen has joined Ara Partners following his time working on industrials and business services investments with Altos Partners. He additionally served at Intervale Capital where he concentrated on energy and manufacturing verticals.

“We are excited to promote Katy to Principal,” said Troy Thacker, a managing partner at Ara. “She has played a key role in several notable investments, executing strategic initiatives at our portfolio companies, and mentoring new hires. We look forward to Katy’s continuing contributions as we strive to create value while making a significant decarbonization impact in the industrial economy.”

“It is a pleasure to welcome Ken to our investment team,” said Tuan Tran, a partner at Ara. “He is well respected in the private equity community and brings strong deal execution and portfolio management capabilities to the team.”