Palladium Equity Partners LLC, a private equity buyout firm with over $3 billion in assets under management, has added Lamar Horne as a managing director to its Palladium Heritage unit.

Palladium Heritage focuses on strategic investments within the lower end of the middle market with a concentration on B2B and industrial firms. Going forward, Horne will work on deal execution and ongoing portfolio management. Horne joins the firm following his time as a managing director with PNC Mezzanine Capital, working on lower, middle-market mezzanine and equity principal investments.

“We are thrilled that Lamar Horne has joined Palladium Heritage,” added Palladium Heritage partner Kate Lehman. “He brings to Palladium years of exceptional expertise and experience in precisely the segment of the lower end of the middle market that we are targeting. He will be a strong addition to Palladium Heritage’s talented investment team.”