Hellman hires World Bank exec

San Francisco-based Hellman & Friedman has brought on Jeffrey Goldstein, former CFO of the World Bank, as managing director.

San Francisco-based Hellman & Friedman has announced the hire of Jeffrey Goldstein as managing director.

Goldstein is based out of Hellman & Friedman’s New York office, where he joins managing directors Frank Zarb and Allen Thorpe.

Since 1999, Goldstein had been serving as managing director, chief financial officer and a member of the management committee of the Word Bank, where he was responsible for the management of the institution’s internal and external financing affairs.

Prior to the World Bank, Goldstein was co-chairman of BT Wolfensohn and a member of the Bankers Trust Company Management Committee.  He began his 15 years at Wolfensohn as one of its early partners, during which time he worked closely with Brian Powers and Patrick Healy, who heads Hellman & Friedman’s London office.

Since its founding in 1984, Hellman & Friedman has raised and managed more than $8 billion of committed capital and invested in approximately 50 companies. In July, the firm opened a London office to “help the firm monitor and build its existing European investments and continue to seek investment opportunities in the United Kingdom and continental Europe.”

Additionally in July, Hellman & Friedman announced the final close of its fifth fund on $3.5 billion (€2.83 billion). According to a statement, the majority of capital committed to the new fund came from return backers, “leaving little capacity for selected new investors.”  These returning limited partners include the New York State Teachers’ Retirement System, CalPERS and OMERS.