Succession Takes Place at Commonfund Capital
Posted on 12/01/2022
Commonfund Capital, Inc., the private equity subsidiary of the institutional asset management firm Commonfund, announced the retirement of Peter Burns, President and CEO of Commonfund Capital, effective June 30, 2023, after 25 years at the firm. Upon his retirement, Burns will remain a Director on the Commonfund Capital Board and will join Commonfund’s President’s Council. Commonfund has appointed Mark Hoeing, Managing Director, Head of Private Equity, as Burns’ successor. To ensure a smooth transition, Burns will retain the role of Chief Executive Officer of Commonfund Capital while Hoeing assumes the role of President of Commonfund Capital on January 1, 2023, with Hoeing assuming the role of CEO on June 30, 2023.
Hoeing is a 17-year veteran of Commonfund Capital and is based in Commonfund’s Connecticut headquarters. He has been a board member of Commonfund Capital since 2016 and his responsibilities have included oversight of due diligence, manager selection, and portfolio construction for the firm’s private equity investment management programs.
Commonfund Capital is an indirect, wholly owned subsidiary of The Commonfund for Nonprofit Organizations.