New York-based private equity firm TH Lee Putnam Ventures announced that Sasha Grutman and Todd Miller, principals at the firm, have been promoted to partner.
Grutman and Miller will join the firm’s six other partners, including chairman Harvey Golub, former chairman and chief executive officer of American Express.
Grutman, who joined TH Lee Putnam Ventures in August 2003, oversees the firm’s investments in financial services and marketing services and is actively involved with portfolio companies ResMAE, CBAC, NEW and Velocity Express. Grutman was formerly a managing director of Citigroup’s Strategic Investment Group, the firm’s financial services private equity arm. Previously, he was a founding member of GS Ventures, a venture capital arm of investment bank Goldman Sachs focused on the financial services industry.
Miller, who joined TH Lee Putnam Ventures in 2000, leads the firm’s investments in business process outsourcing, offshore services and marketing services and is actively involved with portfolio companies Sentient Jet, SPI Technologies and Symphony Services. Miller formerly worked at Alpine Capital Group, a New York private equity firm, and was previously an investment banker with Merrill Lynch.
TH Lee Putnam Ventures, with additional offices in Boston and London, was formed in 1999 and is affiliated with buyout firm Thomas H. Lee and investment management company Putnam Investments. The firm closed on a $1.1 billion fund, its first, in 2000.