• by Joe Mandese , May 27, 2010

John Veronis is leaving Veronis Suhler Stevenson, the influential media industry private equity firm he co-founded with John Suhler. Veronis, who has been chairman and co-chief executive, redeemed his equity interests in the firm, but will fulfill his existing investment commitments to VSS funds, as well as other funds in which he is a limited partner. To date, VSS has managed six private equity funds: four equity buyout funds and two structured capital mezzanine debt funds with capital committed exceeding $3 billion.

Jeffrey Stevenson, who joined the firm in 1982, will continue to serve as the managing partner of VSS and its sponsored funds. John Suhler, who co-founded the firm with Veronis, continues as founding partner and president and will remain involved in the oversight and strategic direction of VSS.