Dyal founder leaves firm, joins several boards

Jeffry Brown, who joined the Neuberger Berman subsidiary as a founding partner in 2011, now sits on three boards amid semi retirement.

Dyal Capital Partners founder Jeffry Brown has left the firm to join multiple boards.

Brown was named chairman of the board of directors at newly launched deal-by-deal investment firm RueOne this month on a part-time basis and is “semi-retired”, a RueOne spokeswoman told PEI.

The spokeswoman added that Brown is also an independent director and governance fellow at a Washington, DC-based nonprofit organisation for corporate board members, the National Association of Corporate Directors, beginning this month.

According to Brown’s LinkedIn profile, he also joined outsourced technical support provider Katalyst Partners as an advisory director this month.

PEHub first reported that Brown left Dyal. Brown did not immediately reply to a request for comment.

Brown established Dyal Capital Partners, a private equity subsidiary of Neuberger Bergman Group, in March 2011, as one of three founding partners. Dyal was formed to make minority investments in alternative asset managers, including private equity firms and hedge funds. 

Dyal acquired under 15 percent of Miami-based HIG Capital, which was valued at about $4.5 billion at the time of the deal in August. Dyal also bought less than 10 percent of tech-focused, Menlo Park-based Silver Lake Partners in July.

Prior to founding Dyal, Brown was a managing director at New York-based financial services firm SeaCap Partners, a senior managing director and global head of institutional sales at Bear Stearns Asset Management, and a principal in institutional sales at Morgan Stanley Asset Management, according to his LinkedIn.

He began his career as a principal in Morgan Stanley’s fixed income division.