Jack H. Foster Jr. was named managing director, private equity specialist at Commonfund, said Keith W. Luke, president of Commonfund Securities.
The position is new. Mr. Foster will work with institutional investors in the eastern U.S. and Canada to build custom private equity portfolios of direct funds, secondaries, co-investment and specialized funds of funds. He will report to Mr. Luke and Peter Burns, managing director who leads Commonfund's private equity efforts.
Mr. Foster was senior vice president at Capital Dynamics. Capital Dynamics spokeswoman Kate Schneiderman did not know by press time whether he had been replaced.
