Spectrum hires IR head from General Atlantic(2)

Ronan Cunningham, former head of private equity at the Irish National Pensions Reserve Fund, has been named head of investor relations at Spectrum Equity.

Spectrum Equity has hired Ronan Cunningham from General Atlantic to lead its fundraising and investor relations activities. He will be based in the firm’s Boston office.

Cunningham was previously a senior vice president for “capital partnering” at General Atlantic and took over investor relations duties from former Spectrum managing director Mike Kennealy earlier this year. Kennealy, who joined Spectrum in 1997, left recently to take a position in public service working on a senior management team to turn around an urban school system in Massachusetts.

“Ronan has fantastic credentials in the investor relations arena and a demonstrated track record of building strong and productive relationships with limited partners,” Spectrum managing director Vic Parker said in a statement.

Prior to working at General Atlantic, Cunningham was head of private equity at the Irish National Pensions Reserve Fund and a partner at Adams Street Partners.

Spectrum, which operates out of Boston and Menlo Park, California, has invested more than 50 percent of its $670 million Fund VI. Like all of the firm’s funds, Fund VI does not charge deal fees.

Spectrum typically uses leverage in only about half of its investments, and focuses on three sectors: software and information services, Internet and digital media and communications, media and entertainment.