Cresset Partners taps O’Donnell as exec managing director of private funds group

In his new role, O’Donnell will lead Cresset’s platform for global private investing in external funds, co-investments and related opportunities.

  • Most recently, O’Donnell was head of private equity with the Public Investment Fund of the Kingdom of Saudi Arabia
  • He is also the former head of private and opportunistic investments for Kaiser Permanente
  • Cresset Partners was founded in 2018 and has more than $2.4 billion in commitments across real estate, private equity, private credit, and venture capital, according to the firm.

Cresset Partners has hired Kevin O’Donnell as executive managing director of its private funds group, encompassing private equity, private credit, and venture capital.

In his new role, O’Donnell will lead Cresset’s platform for global private investing in external funds, co-investments and related opportunities, in partnership with leading third-party private asset managers.

O’Donnell brings more than 20 years of experience launching and scaling private market investment portfolios for large institutional investors and leading high-performing teams to deliver strong returns and alpha across global private market portfolios.

On his new appointment, O’Donnell said in a statement: “I am thrilled to join a firm with such an experienced, deep bench of talent in the private markets space. Cresset’s growth in the past five years is inspiring, and its private investing platform is quite remarkable.”

Most recently, O’Donnell was head of private equity with the Public Investment Fund of the Kingdom of Saudi Arabia, one of the largest sovereign wealth funds in the world. There he led an $80 billion global private markets investment program. Prior to that, he was the head of private and opportunistic investments for Kaiser Permanente, where he created and implemented a $20 billion private market program.

Cresset Partners is a private investment firm focused on providing its investors with direct access to investment opportunities in private companies, real estate, private credit, private equity secondaries, and venture capital. Cresset Partners was founded in 2018 and has more than $2.4 billion in commitments across real estate, private equity, private credit, and venture capital, according to the firm.