Veronis Suhler Stevenson has hired Patrick N.W. Turner as a managing director. Turner is a former managing director and a member of the management committee of Crescent Capital Group.
NEW YORK — June 25, 2014 – Veronis Suhler Stevenson (VSS), a leading global private investment firm focused on the information, business services, healthcare IT, education, media and marketing services industries in North America and Europe, today announced that Patrick N.W. Turner has joined the firm as a Managing Director, assuming responsibilities relating to the firm’s structured capital and private equity funds. He also will serve as a member of the VSS investment committee.
“We are delighted to have Patrick join our team,” said Jeffrey Stevenson, Managing Partner of VSS. “He brings an exceptional investment background and track record, which will add further depth to the firm and enhance the development of our investment portfolio.”
“I am excited about the opportunity to support Jeffrey and his formidable team in continuing to build out the firm’s investment platform,” said Mr. Turner. “I am deeply impressed by the quality of VSS’s investment professionals and their experience in investing in and developing lower middle market companies. My extensive investment background — through multiple economic cycles and across key verticals – should be of great value to the firm’s continued success.”
Mr. Turner brings to the firm more than 25 years of experience in middle market mezzanine investing and in the development of developing growing companies gained with leading global investment firms. Previously he was a Managing Director and a member of the Management Committee of Crescent Capital Group LP, a below investment grade alternative credit investment manager that was formerly part of Trust Company of the West, of which he also was a Managing Director. Prior to joining Crescent in 2005, Mr. Turner was a Managing Partner and co-founder of Canterbury Capital Partners, a New York-based middle market-focused mezzanine firm. Before that, he held senior executive positions with Barclays and Marine Midland Bank.
Since 1987, VSS has managed six private investment funds with aggregate initial capital commitments totaling over $3 billion, including four equity funds and two structured capital funds. The performance of VSS’s Structured Capital Funds ranks them among the top performing funds of similar size, strategy and vintage as reported by Preqin. To date, VSS funds have invested in 74 platform companies, which have together completed over 330 add-on acquisitions.
About Veronis Suhler Stevenson
Veronis Suhler Stevenson is a leading private investment firm that invests in the information, business services, healthcare IT, education, media and marketing services industries in North America and Europe. VSS provides capital for buyouts, recapitalizations, growth financings and strategic acquisitions to lower middle market companies and management teams with the goal of building companies organically as well as through a focused add-on acquisition program. VSS makes privately-negotiated investments across the capital structure and has the ability to invest in situations requiring control or non-control equity, mezzanine securities and structured equity securities. The company’s website is www.vss.com.