Garnett Station Partners LLC, a New York-based principal investment firm that manages around $2 billion of assets, has promoted Richard Reuter to managing director and Max Hoberman to vice president.

In his role as managing director, Reuter will help manage Garnett Station’s investment team and continue to support the firm’s investment efforts across health and wellness, franchising and consumer and business services. Reuter joined Garnett Station in 2019 as a principal. In his time at the firm, Reuter has helped lead the investment team, oversee deal execution and develop value creation strategies for the firm’s partner companies.

Hoberman started as an associate at Garnett Station in 2019. He played a role on the investment team and will be focused on the deal execution as a deal quarterback in his new role as vice president.

“Rich and Max embody our GSP values, play important leadership roles in the investment process and work closely with our operating partners and portfolio companies,” states Alex Sloane, managing partner and co-founder of Garnett Station. “These promotions reflect their contributions to the firm and the roles they will play as we enter the next phase of growth.”