Thursday, 11 February 2016
Last updated 13 min ago
Jul 1 2013 | 10:15am ET
Commonfund has named Donald T. Pascal president of Commonfund Capital, its $13.5 billion private equity, venture capital and natural resources subsidiary.
Pascal, who has been with Commonfund Capital for 15 years, succeeds Susan J. Carter as president, although Carter will retain her role as chief executive officer with responsibility for overall strategic leadership of the group.
“Don and I have worked closely together for the last 15 years, and I am confident that Commonfund Capital will rise to even greater heights with Don’s leadership,” said Carter in a statement.
Pascal joined Commonfund in 1998 having previously worked at Victory Ventures, Noel Group and The Prospect Group—all private capital funds organized by Louis Marx, Jr. Prior to that, he worked at E.M. Warburg Pincus & Co. and Strategic Planning Associates. He has 30 years of direct private capital and multi-manager investment experience, including sourcing, negotiating and monitoring direct investments.
The Commonfund Capital Operating Committee, which includes Carter and Pascal along with managing directors Greg Jansen and Peter Burns and CFO Linda Costa, will continue managing all aspects of the Commonfund Capital as it has for the last 15 years.