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Russell Steenberg

Global Head of Private Equity Partners
Russell Steenberg
Global Head of Private Equity Partners

Russell Steenberg, Managing Director and Global Head of BlackRock Private Equity Partners (PEP), within BlackRock Alternative Investors (BAI).   Mr. Steenberg is a member of BlackRock's Global Operating Committee, BAI Executive Committee, Alternative Strategies Executive Committee as well as the PEP Executive Investment Committee and PEP Internal Investment Committee.

 

Mr. Steenberg founded PEP in 1999 when he joined Merrill Lynch Investment Managers (MLIM), which merged with BlackRock in 2006.   Mr. Steenberg has over 36 years of private equity investment experience.  Prior to joining MLIM, Mr. Steenberg was a Co-Founder and Managing Director of Fenway Partners, a middle-market buyout group with $1.4 billion of capital. From 1983 until joining Fenway in 1995, Mr. Steenberg was employed by AT&T Investment Management Corporation ("ATTIMCO"), where he was co-head of the AT&T Pension Fund's $3.6 billion private equity investment portfolio. In that capacity, he participated in sourcing, structuring, executing, and monitoring the investments of the AT&T Master Pension Trust in non-publicly traded debt and equity securities, as well as in private equity partnerships. While at ATTIMCO and Fenway Partners, Mr. Steenberg made over 100 private equity investments with 36 general partners, committing or investing an aggregate of over $3.6 billion of capital ($337 million to venture capital fund investments, $2.5 billion to other private equity fund investments and $795 million to direct investments).

 

Mr. Steenberg currently serves on the advisory boards of funds sponsored by the following PE sponsors or general partners: Apax Partners, Quadrangle Capital Partners, Lindsay Goldberg & Bessemer, Partech International, Clayton Dubilier & Rice VII, Parallel Investment Partners, and TH Lee VI. In addition, Mr. Steenberg serves on the Board of Advisors for the Tuck Center of Private Equity and Entrepreneurship, the Tuck Board of Overseers, the Board of Westfield Methodist Church, the board of the Foundation for the National Institutes of Health (FNIH) and the Board of Directors of the Lasker Foundation.

 

Mr. Steenberg earned a BA from St. Lawrence University, an MBA from the Amos Tuck School of Business at Dartmouth College and an MPA from American University.