Exclusive: Van De Steen quits Vision for SVP

Vision's senior operating partner has taken a similar role at Strategic Value Partners.

Johan Van De Steen, formerly an operating partner and head of global portfolio at Vision Capital, has left the firm to join Strategic Value Partners, an alternative investment firm that specialises in distressed opportunities.

Van De Steen left Vision in December and started at SVP this month, according to his LinkedIn page. His job title in his new role will be senior operating director.

He had previously spent four years with Vision, where he was a partner, a member of the investment and executive committees, and the head of global portfolio, which meant he was effectively overseeing all the firm's operational value creation efforts across its portfolio. He sat on the board of seven companies, including JDR Cables and Vitopel.

Van De Steen is a well-known face on the European operating partner circuit. Before joining Vision, he had been a Europe-based operating partner for Kohlberg Kravis Roberts for seven years, working with companies like Alliance Boots and NXP. He began his career with Siemens, before moving to McKinsey & Company as a consultant. He subsequently spent two years as chief executive of DR Technologies.

Both Vision and Van De Steen declined to comment on the move. However, it is understood that Vision has not appointed a direct replacement for Van De Steen at this stage.

SVP is an alternative investment firm that manages almost $4 billion across hedge fund and private equity strategies, with a focus on distressed assets. It employs around 100 people across its four main offices: Greenwich in Connecticut, London, Tokyo and Frankfurt.