Ex-senator Lieberman moves into PE

Former vice presidential candidate Joseph Lieberman will join Victory Park Capital.

Former US state senator and vice presidential candidate Joseph Lieberman has joined Chicago-based Victory Park Capital as chairman of the firm's executive board, according to a statement from Victory Park.

Lieberman served four terms as a senator from Connecticut and was Al Gore’s vice presidential running mate in the 2000 US presidential election. 

Lieberman, who retired from the senate in January, previously chaired the committee on homeland security and government affairs and served on the environment and public works and small business committees.

“Senator Lieberman's business acumen and deep policy background will be critical as we position for future growth,” said Richard Levy, VPC managing partner and founder, in the statement. 

“In today's heightened regulatory environment, his extensive legislative knowledge will help us navigate an increasingly complex marketplace.”

Other top government officials who have moved into private equity firms include former treasury secretary Tim Geithner, who last year joined Warburg Pincus as president, as well as former CIA director and top military commander General David Petraeus, who was hired by Kohlberg Kravis Roberts in early 2013. In addition, ex-US vice president Dan Quayle and former treasury secretary John Snow are chairmen at Cerebrus Capital Management.

Chicago-based Victory Park Capital is an asset-management firm that provides private debt and equity financing to small and mid-market companies. It has $1.25 billion in assets under management, according to PEI’s Research & Analytics division.