Russell Steenberg

Russell Steenberg

Managing Director

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, BlackRock's Alternative Solutions Investment Committee and BlackRock Investment Council.


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 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 in general partnerships, co-investments and secondary transactions.


Mr. Steenberg currently serves on many private equity fund advisory boards. ent 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 Advisors, the board of the Foundation for the National Institutes of Health (FNIH) and the Board of Directors of the Lasker Foundation and a member of the Lasker Investment Committee.


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.