Mediratta to start hedge funds for Greylock

A.J. Mediratta was named senior managing director by hedge fund manager Greylock Capital Management. He joined the board and the investment committee for the emerging markets fixed-income manager’s flagship fund, the Greylock Global Opportunity fund, confirmed CEO Willem J. “Hans” Hume. Mr. Mediratta will oversee the launch this year of two hybrid private equity-hedge fund vehicles that will invest in the debt and equity of companies in sub-Saharan Africa and Latin America. Mr. Mediratta was senior managing director and head of the international debt capital markets group at Bear Stearns.

Mr. Mediratta brought with him three other Bear Stearns’ investment bankers: Andriy Popel was named an associate in New York to focus on Eastern European investment opportunities; Anthony Bitz was hired in New York as an analyst to support hedge fund operations; and Wei Yeh Sun is an associate and will work on fund operations in Singapore, said Leisa Little, Greylock’s director of client relations and credit sourcing. Each man’s title at Bear Stearns was not available, but Mr. Popel came from the leveraged finance team; Mr. Bitz worked in the debt capital markets group; and Mr. Sun worked on Bear Stearns’ international debt capital finance group.