The head of DLJ Merchant Banking Partners, Steven Rattner, is
stepping down as chairman of the Credit Suisse Group private equity unit to spend more time with family, ending a 20-year run with the firm.
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Nicole Arnaboldi, Credit Suisse's vice chairman of alternative
investments, is the new head of the unit, according to Bloomberg. She
also will serve as chairman of DLJ Merchant Banking's investment
committee and remain co-head of Credit Suisse's illiquid-alternatives
business.
Rattner -- not to be confused with Quadrangle Group LLC's Steven Rattner
-- became head of the group in March 2005 when its former head, Thompson
Dean, left to go it alone and
start his own leveraged buyout firm,
Avista Captial Partners. Rattner headed European fixed income for DLJ
before CSFB acquired the firm for $13 billion in 2001.
See the video of Rattner speaking about middle market deals at The Deal's Private Capital Symposium below.
- George White
See Bloomberg story
See story on Avista spinout on TheDeal.com
