TH Lee bolsters operating team with Viacom hire

Ahead of a massive fundraising, Thomas H. Lee Partners has announced the hiring of Richard Bressler, a top Viacom executive, as a managing director in charge of providing services to portfolio companies.

Thomas H. Lee Partners today announced that Richard Bressler has joined the firm as a managing director to head the Strategic Resource Group, which provides services to THL Partners portfolio companies.

Bressler is a long-time executive from Viacom, where he was most recently chief financial officer. Prior to Viacom Bressler was chairman and chief executive officer of Time Warner Digital Media, a unit of Time Warner. Before joining Time Warner in 1988, he was a partner at Ernst & Young.

Bressler will join THL Partners as one of 13 senior partners.

The Boston-based firm is reportedly gearing up to raise as much as $8 billion for its sixth private equity fund. At the same time, the firm is locked in negotiations with its founder, Thomas Lee, over terms of his separation from the firm. It is unclear what role Lee will play on the new fund.

Private equity firms have in recent years sought to bolster their rosters of in-house operating talent.