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Charterhouse partner exits firm – exclusive

 Lindbäck was at Charterhouse for just over two years and leaves to join Letter One Technology.  

Charterhouse partner Leif Lindbäck has left the London firm after a little more than two years in the role.

Private Equity International understands that Lindbäck, who joined Charterhouse as a new partner in June 2013,  is leaving to join investment firm Letter One Technology.

The latter is an investment firm founded by Russian billionaires Mikhail Fridman and German Khan, which focuses solely on the technology and telecoms sectors.

Lindbäck had joined Charterhouse after 11 years at Blackstone where he was a managing director working across pan-European sectors.

According to a source familiar with the situation, he had not led a transaction at Charterhouse, and had no responsibilities for portfolio companies owned by the firm.

The source added that Lindbäck was leaving with the firm’s best wishes and would have a  greater opportunity to pursue his particular interest in technology deals at his new company.

The departure of a partner from Charterhouse after a relatively short length of time is unusual. The firm is understood to have an average partner tenure of 13 years.

With Lindbäck’s departure, Charterhouse now has 16 partners and four investment managers. At the time that Fund IX was closed in 2009, that number was 15 and three respectively.