Former Senator, Vice Presidential Candidate To P.E. Firm

Jan 3 2014 | 1:24pm ET

Former Sen. Joseph Lieberman has joined private-equity firm Victory Park Capital, becoming the latest Washington power broker to move into finance.

Lieberman left the Senate after four terms a year ago and joined law firm Kasowitz Benson Torres & Friedman in the summer. He will continue to work for Kasowitz while serving as chairman of Victory Park's executive board.

"While in the U.S. Senate, I fought for policies that would allow small businesses to thrive," Lieberman, who was the Democratic nominee for vice president in 2000, said. "I look forward to a long-term partnership with Victory Park Capital that will position the firm for further growth."

Chicago-based Victory Park was co-founded by Brendan Carroll, who worked for Lieberman on Capitol Hill during the mid-1990s and who took a leave from his job at an investment bank to join Lieberman's vice-presidential campaign.

"Obviously, the personal relationship helped," Carroll told The New York Times. "But he did a lot of his own work to determine that this was something he wanted to do."

Lieberman's move to Victory Park follows former Treasury Secretary Timothy Geithner's to Warburg Pincus in November.

Lieberman elected against seeking a fifth term in 2012, following his defeat for renomination in the 2006 Democratic primary by an anti-war candidate. Lieberman, a prominent supporter of President George W. Bush's policies in Afghanistan and Iraq, went on to defeat his primary opponent, Ned Lamont, in the general election that year.

In Depth

Financial Industry Blockchain Consortium R3 To Open-Source Platform Code

Oct 20 2016 | 9:03pm ET

Bitcoin's blockchain technology has spawned a flurry of activity among fintech startups...


U.S. Trust's Beard: The Rapid Growth of the Art Lending Industry

Oct 7 2016 | 10:55pm ET

Alternative investment managers have emerged as some of the most significant art...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...