Fisher Lynch has added two directors in its Boston office, director of administration and legal affairs Dana O’Brien and director of investor relations Kristie Goodman.
O’Brien joins Fisher Lynch from MPM Capital, where she was the director of operations and legal affairs, based in Boston. She was previously a corporate attorney in the private investment funds group at Boston-based law firm Proskauer Rose.
Goodman joins from Parish Capital Advisors, where she was a vice president of marketing and investor relations. She previously worked in a number of financial and investment positions at NYSE-listed energy provider Southern Company.
Both positions are newly created roles at the firm.
Fisher Lynch is one of a number of institutional investors in the US taking “intermediate” steps toward becoming direct investors in private equity, according to a placement agent. The firm, which invests in private equity funds, venture capital funds and sponsored co-investments, raised two funds exclusively for Oregon and Washington State’s massive public pension plans. The funds, called Fisher Lynch Capital Co-Investment Partners I and II, target leveraged buyouts and growth equity deals, as well as venture capital, mezzanine and distressed.
Fisher raised $525 million for the first fund, and $1 billion for Fund II. As of 31 December, 2010, Fund I had a 1.00x multiple and a 0.0 internal rate of return, according to the Oregon Investment Council.
Fisher Lynch, which currently manages $2 billion in committed capital across all of its investment partnerships, has “flexibility to pursue a variety of investment strategies and make investment commitments ranging from $10 million to $100 million,” the firm says on its web site.