Richard Lawson has been promoted to CEO of HGGC, as outgoing CEO Gary Crittenden has assumed the role of chairman. Mr. Lawson helped co-found the firm and served as a managing partner before the promotion. Mr. Crittenden had held the CEO title since April 2012. The leadership shift comes as the firm is reportedly prepping to raise its second vehicle. The firm's debut fund had a 9.46% IRR as of December 31, 2012.