Co-founder John Veronis announced that he has withdrawn from the Veronis Suhler Stevenson private equity/structured finance firm focused on the communications industry.
“John Veronis and I founded VSS when media investment funds were years away from launch. We have had a wonderful and profitable experience together for nearly three decades. John has been a master at building and maintaining important relationships for VSS and he has been a positive force for me, our firm and funds, and the media industries we serve,” said John Suhler, who continues as Founding Partner and President.
Jeffrey Stevenson, who joined the firm (then structured as a media investment bank) in 1982, will continue to serve as the Managing Partner of VSS and its sponsored funds. The capital committed currently exceeds $3 billion.
“I take enormous pride in the firm I helped to create. I am leaving behind an organization with a strong reputation and a group of experienced professionals. My withdrawal from participation in the firm, which effectuates a long-contemplated transition, is another step in the evolution of VSS, and I wish the firm and its partners and employees success in their future activities,” said Veronis.
While John Veronis’s partnership interest has been redeemed by the firm, he intends to continue to fulfill his existing investment commitments to VSS funds as well to other funds in which he is a limited partner.
Over the years, the exit announcement said, Veronis has developed and maintains worldwide relationships in the media, information and education industries and throughout the financial community. He has been preparing for his transition from VSS for many months. Accordingly, his withdrawal will allow him to devote more time to pursue a wide range of opportunities in the media, information and financial communities.