Vista Equity Partners has hired a director from Park Hill, Private Equity International has learned.
Jeffrey Russell, who came to the advisory firm and placement agent in 2012 when it was part of Blackstone, is no longer with Park Hill, according to two sources familiar with the matter.
Russell will be joining Vista in the coming weeks and his last day at Park Hill was Friday, one of the sources said. His role is unclear, and Park Hill and Vista did not respond to requests for comment by press time.
Russell is understood to have been a member of Park Hill’s private equity and hedge fund distribution team in New York. The firm serves as a global advisory and placement agent to funds that raised in excess of $260 billion for 194 private equity firms, real estate funds and hedge funds, according to its website.
Vista is targeting $12 billion for its seventh flagship fund, Vista Equity Partners Fund VII, according to an investment document from the New Jersey State Investment Council. The firm, which has offices in Austin, Chicago, San Francisco and Oakland, is ranked 13th in the PEI 300, having raised $19.5 billion over the past five years.