Global fund of funds HarbourVest Partners has hired a new principal, Steve Belgrad
. Formerly a vice president at Affiliated Managers Group, Belgrad will be chief financial officer of HarbourVest’s Euronext-listed vehicle, HarbourVest Global Private Equity Limited.
Belgrad replaces interim CFO and principal John Toomey
, who will move to the firm’s secondary investment team. Belgrad is based in Boston.
At Affiliated Managers Group, Belgrad was a vice president in the firm’s new investments group. Before, he was senior vice president and treasurer of Janus Capital Group. He was also previously an executive director in the financial institutions group at Morgan Stanley.
The listed vehicle raised $830 million from its initial public offering on Euronext Amsterdam in December 2007. The fund listed at $10 per share. Shares are currently trading at $9.50, giving the vehicle a market capitalisation of $788.5 million.