Steven M. Benevento was named chief investment officer of New York Life Capital Partners, a private equity affiliate of New York Life Investments, said John S. Brine, spokesman.
The position is new.
“The new title of CIO is a formalization of a role that Steve's been engaged in for quite some time,” Mr. Brine wrote in an e-mailed response to questions.
Mr. Benevento was a senior managing principal at New York Life Capital Partners. He will continue to be involved in all the firm's investment activities and will report to Thomas Haubenstricker, CEO.
New York Life Capital Partners manages about $8.8 billion in private equity assets, he said.