CD&R consultant joins CSFB Alternative Capital

Chuck Pieper, former general partner at Clayton Dubilier & Rice Consulting, is joining CSFB’s newly formed Alternative Capital Division as managing director.

Credit Suisse First Boston has hired Chuck Pieper as managing director in the firm’s newly formed Alternative Capital Division (ACD).


Pieper will assist the new division with improving operations in its portfolio companies; strategic planning and growth for new ACD funds; and the development of operating plans for ACD businesses as they come online.


Pieper will work closely with ACD head Bennett Goodman and Tom Dean, head of Leveraged Corporate Private Equity and DLJ Merchant Banking Partners, as CSFB integrates the private equity businesses into ACD, a press statement said.


Prior to this, Pieper served as a partner at Clayton Dubilier & Rice Consulting and helped to open the firm’s European practice in London. Before that, Pieper spent the majority of his career at General Electric, where his positions included serving as president and chief executive officer of GE Japan, Korea and Taiwan.


Last week, CSFB announced plans to combine its private equity, hedge fund and other alternative asset businesses to create the new ACD group, which will be run out of New York. The new unit aims to generate $1 billion (€813 million) in annual revenues and have $50 billion (€40.7 billion) in assets under management over the next five years. The new division will remain separate from Credit Suisse’s existing Asset Management (CSAM) group, which currently manages more than $300 billion in assets.