John Veronis, 82, co-chief executive officer of Veronis Suhler Stevenson, has “withdrawn” from the partnership as part of a transition plan that has been in the works for “many months”.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