Berkshire Partners has promoted Jon Meyer and Anil Seetharam to managing directors, according to a statement.
Meyer joined Berkshire in 1999 as a private equity associate and later left the firm, working for both Bain & Company and Farallon Capital Management. In 2008 he rejoined Berkshire as a member of the Stockbridge investment team, an investment group focused on public securities that Berkshire operates as a complementary division to its private equity practice. Stockbridge established its first fund in 2007.
Seetharam began at Berkshire as a private equity associate in 2003 and also left the firm, working for Reservoir Capital before rejoining the Stockbridge investment team at Berkshire in 2007.
Both Meyer and Seetharam became managing directors on 1 January. The appointments bring Berkshire’s total number of managing directors to 19.
Berkshire manages eight private equity funds with $11 billion of committed capital, including its most recent fund, Berkshire Fund VIII, which launched in 2011 and raised $4.5 billion, according to Private Equity International’s Research and Analytics division.
Stockbridge has an 11 person investment team and more than $1 billion of assets under management, according to Berkshire’s website.