peHUB has learned that Jay Koh is leaving R3 Capital Partners, where he has spent the past two years as head of private equity for Europe, the Middle East and Africa (EMEA). In an email sent out to friends and associates, Koh said that he “will be exploring new opportunities related to private equity and illiquid investing.”
R3 is a $1.5 billion firm that manages a global credit-focused, fundamentally-driven, multi-strategy hedge fund. It was formed last year as a spinout from Lehman Brothers’ Global Principal Strategies Division, and bought back Lehman’s 45% general partner interest after Lehman collapsed. Earlier this month, R3 agreed to be acquired by Blackrock.
Koh originally joined Lehman in July 2007, before which he spent more than six years working on technology investments with The Carlyle Group (first as a vice president, then as a principal). He also is a former law clerk for Supreme Court Justice David Souter.
Koh has not yet returned an emailed request for comment.