Stéphane Chevrier is out at private equity firm Newbury Partners
Stéphane Chevrier has left Newbury Partners, the private equity secondaries firm he joined just one year ago as a managing director. No word yet on what happened, except that his last day of work was yesterday and his work emails now bounce back as undeliverable.
Chevrier was listed as one of five partners on Newbury’s third fund, which closed earlier this year with $1.1 billion in capital commitments.
Prior to joining the Connecticut-based firm, he served as founder and managing partner of Equifin Alternative Investments. Before that, he was a managing director with AXA Private Equity (now known as Ardian).
Newbury Partners has not yet responded to a request for comment. The firm purchases limited partnership interests in venture capital, private equity, mezzanine and special situations funds.
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