Private Equity Professionals

Veronis ‘withdraws’ from VSS

VSS’ co-CEO and chairman John Veronis, 82, has left the firm as part of a transition that sees Jeffrey Stevenson continue as managing partner.

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John Veronis, 82, co-chief executive officer of Veronis Suhler Stevenson, has “withdrawn” from the partnership as part of a transition plan that has been in the works for “many months”.

“[Veronis’] withdrawal will allow him to devote more time to pursue a wide range of opportunities in the media, information and financial communities,” the firm said in a statement.

John
Veronis
Veronis co-founded the firm in 1981. The firm has “redeemed” Veronis’ partnership interest, the firm said, but Veronis “intends to continue to fulfill his existing investment commitments to VSS funds as well to other funds in which he is a limited partner”.

John Suhler, who is founding partner and president, will remain involved in the oversight and strategic direction of the firm. Jeffrey Stevenson, who joined in 1982, will continue to act as the managing partner of VSS.

VSS closed its fourth fund on $1.3 billion in 2006. VSS also closed a mezzanine fund late last year on $312 million. The firm focuses on investments in media, communications and education.