Commonfund Capital hires CFO

Commonfund Capital Inc, a Commonfund subsidiary, has hired Celeste R. Barone as chief financial officer. Previously, Barone worked at Pomona Capital where he served as a managing director of finance and chief compliance officer.

PRESS RELEASE

WILTON, CT, February 26, 2015 – Commonfund, a prominent investment manager for institutional investors, today announced the appointment of Celeste R. Barone as Chief Financial Officer for its wholly owned subsidiary, Commonfund Capital, Inc. Ms. Barone will lead the accounting team and direct the overall financial management of Commonfund Capital creating and maintaining all financial policies and procedures of the firm, including financial planning, reporting, investment valuations, cash management, registration filings, and annual audits and tax returns.

“We are very fortunate to hire someone with Celeste’s deep background and we know she will be a great addition to our team,” said Donald T. Pascal, President and CEO, Commonfund Capital, Inc. “She possesses an extremely high level of private equity financial expertise and an approach to stewardship that our clients have valued and come to expect from Commonfund Capital.”

“I have long respected the team at Commonfund Capital for their dedication to clients and for setting an industry standard as a fiduciary and in accounting, reporting and establishing valuation best practices,” commented Ms. Barone.

Ms. Barone is replacing Linda Costa who is retiring, but will remain with the firm as Treasurer through early summer to assure a smooth transition of accounting and finance functions. In July, Ms. Barone will hold both CFO and Treasurer titles.

Before joining Commonfund, Ms. Barone was Managing Director of Finance and Chief Compliance Officer for Pomona Capital, a global private capital firm that specializes in purchasing secondary interests in existing partnerships as well as investing in primary funds and co-investments alongside private equity funds in individual companies.

Previously, Ms. Barone held financial management positions within investment management divisions of LyonRoss Capital, Dillon, Read & Co. and Drexel Burnham.

She holds a BA in Business Communications and Business Administration from Baruch College and is a Board Member of the Financial Executives Alliance.

About Commonfund Capital
Commonfund Capital is a global private capital solutions provider. We invest with value-creating partners into primarily small and mid-sized companies in growth markets. Since our founding in 1988, Commonfund Capital’s mission has remained the same: to provide the best total solution for global private equity, venture capital and natural resources investing. Through high quality funds and customized accounts, Commonfund Capital offers investors intentionally-designed private capital portfolios constructed with primary funds as well as secondaries and co-investments. We build our investment programs by partnering with many of the world’s leading private capital firms.

For additional information about Commonfund Capital, please contact <mailto:cciinfo@cfund.org>cciinfo@cfund.org. Commonfund Capital, Inc. is a wholly owned subsidiary of Commonfund with investment offices in Wilton, CT, San Francisco, CA, Beijing, China and London, UK. All securities are distributed through Commonfund Securities, Inc., a member of FINRA.

About Commonfund
Commonfund is one of North America’s leading investment management firms, managing assets totaling $25 billion for some 1,400 institutional clients, including educational endowments, foundations and philanthropic organizations, hospitals and healthcare organizations, pension plans and plan sponsors, and family offices and trusts. Our only business is institutional investment management, and we are active in all sectors of the global capital markets, both public and private. Strategically, Commonfund focuses on: outsourced solutions, separate accounts, hedge fund strategies, private capital and operating asset management. Commonfund was founded in 1971 as an independent, nonprofit investment firm with a grant from the Ford Foundation. All securities are distributed through Commonfund Securities, Inc., a member of FINRA.