Corbett, who was most recently Executive Partner at Apta Capital, will focus on consumer-related investments.
MCP, a middle market private equity firm founded in 2007, manages more than $700 million of committed private equity capital and a $1.2 billion private equity co-investment program. MCP targets equity investments between $25 and $100 million in leading middle market companies.
Ted Yun, a Managing Partner of MCP, said, 'As thematic investors, Moelis Capital Partners sees the consumer sector as a priority and one in which we hope to allocate significant capital. Our team's experience in this sector, coupled with Doug's background, will open doors to great opportunities in this space'.
Corbett said, 'MCP's team has a tremendous track record and I am thrilled to be joining them to help build a strong portfolio of investments in the consumer sector'.
Corbett has spent most of his career in the consumer industry and, prior to becoming a private equity executive, was President of InBev USA, a leading importer of specialty beers such as Stella Artois, Beck's, Bass and Labatt, and was part of the team that acquired Anheuser-Busch. In addition, he has worked for PepsiCo's Pizza Hut division and Procter & Gamble, and has business experience in Western Europe and Canada.