07-17-12

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News : 2012

New York Life Capital Partners Names Steve Benevento Chief Investment Officer

17 July 2012

New York, July 17, 2012 - New York Life Capital Partners (NYLCAP), a private equity affiliate of New York Life Investments1, today announced that Senior Managing Principal, Steven M. Benevento, CFA has been named Chief Investment Officer, effective immediately. Currently, Mr. Benevento is involved in all of the firm's investment activities, and will continue in that role while also assuming the responsibilities of CIO. In this newly created position, Mr. Benevento will oversee the firm’s investment process, and will continue to report to Thomas Haubenstricker, Chief Executive Officer of NYLCAP.

“For more than 20 years, NYLCAP has been committed to a "Core Partner" strategy that creates a focused portfolio of key relationships with top-performing private equity sponsors. As the firm continues to grow, it is critical that we have someone with Steve’s expertise dedicated to the role of maintaining the integrity of our investment process,” said Thomas Haubenstricker. “With Steve's successful track record of investment, and over 25 years of investment experience across a broad range of asset classes, we are confident that he will continue making key contributions to the overall growth of the firm in the position of Chief Investment Officer."

Mr. Benevento joined New York Life in 1995. Prior to NYLCAP, Mr. Benevento managed a portfolio of private equity, mezzanine and non-investment grade debt investments within New York Life's Private Finance Group. Previously, he worked in the investment group of TIAA-CREF where he focused on debt and mezzanine investments in the private market.

Mr. Benevento earned a BS in Finance, summa cum laude, in 1987 from the State University of New York at Albany and an MBA in 1991 from New York University's Stern School of Business. He was a Beta Gamma Sigma honoree as both an undergraduate and graduate student. Mr. Benevento is a holder of the Chartered Financial Analyst designation.

About New York Life Capital Partners

New York Life Capital Partners manages approximately $8.8 billion of private equity assets, including co-investment, mezzanine, and fund advisory programs.  As an affiliate of New York Life Investments, New York Life Capital Partners manages alternative assets for New York Life Insurance Company, its affiliates and other institutional investors. 


1"New York Life Investments" is defined here as New York Life Investment Management Holdings LLC (NYLIM Holdings). "New York Life Investments" is a service mark used by NYLIM Holdings and its subsidiary, New York Life Investment Management LLC. 

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