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Exclusive: TJ Carella Leaving Goldman Sachs for Warburg Pincus

March 10, 2016, 5:03 PM UTC
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Goldman Sachs Group Inc. signage is displayed on the floor of the New York Stock Exchange in New York, U.S., on Thursday, June 2, 2011.
Photograph by Bloomberg via Getty Images

Thomas “TJ” Carella is joining private equity firm Warburg Pincus after leading healthcare investments for Goldman Sachs, Fortune has learned.

At Warburg Pincus, Carella is expected to work with fellow Goldman Sachs (GS) veteran In Seon Hwang, who leads the firm’s healthcare and consumer groups.

Carella originally joined the merchant banking group of Goldman Sachs (GS) in 1997 as an analyst, before leaving to co-found an Italian software services business and to get his MBA from Harvard Business School. He rejoined Goldman Sachs in 2004, was named a managing director in 2009, and a partner in 2014. Most recently Carella has served as global head of healthcare for Goldman’s merchant banking group, and has served on the boards of such Goldman portfolio companies as T2Biosystems, Drayer Physical Therapy Institute, iHealth Technologies, and KAR Auction Services (KAR).

A Warburg Pincus spokesman declined to comment.