Ray E. Newton III was named senior managing director at private equity manager Evercore Capital Partners, confirmed spokesman Chuck Dohrenwend. It is a new position.
Mr. Newton also will serve on ECP’s investment committee and will be involved in identifying new investments, overseeing the firm’s current private equity portfolio companies and communicating with limited partners, Mr. Dohrenwend said.
Mr. Newton was senior managing director at private equity manager Perseus. A Perseus spokesman could not be reached by press time for details about his replacement.
