VSS CFO Sinatra retires, succeeded by controller Goscinski

  • CFO John Sinatra left earlier this year
  • Controller Andy Goscinski named CFO
  • VSS in market with third Structured Capital fund

John Sinatra, longtime chief financial officer at Veronis Suhler Stevenson, quietly retired earlier this year, Managing Partner Jeff Stevenson confirmed to Buyouts.

Sinatra had been with VSS since 1996, according to his Bloomberg profile. Exactly when he retired is unclear, but one source pegged his departure around March or April.

Sinatra did not respond to a request for comment.

VSS promoted Controller Andy Goscinski to CFO as part of a succession plan, Stevenson said. Goscinski has been with VSS for 18 years, Stevenson said.

The firm has been raising its third Structured Capital fund, which invests in credit. As part of the process, the firm brought in a new investor, AlpInvest, to buy out LP stakes in two previous Structured Capital funds and provide new capital for Fund III.

Remaining investments in Funds I and II held by LPs who sold were transferred to an annex fund that AlpInvest capitalized. The annex fund, VSS Structured Capital – Annex Fund LP, was valued at about $104.8 million, a Form D filing from January showed.

The firm also restructured its equity funds. Intermediate Capital Group earlier this year led the restructuring of VSS Communications Partners IV, which closed on $1.3 billion in 2005. Stevenson himself bought out LPs in the third equity fund, a $1 billion vehicle from 1999, which had minimal remaining asset value.

Action Item: Email Jeff Stevenson at stevensonj@vss.com

Retirees Gene Bloczynski (left) and Eric Vannieuwburg fish from a public dock on the Sacramento River in the Sacramento San Joaquin River Delta in Rio Vista, California, on September 4, 2013. Photo courtesy Reuters/Robert Galbraith