Adams Street Partners named Brijesh Jeevarathnam as successor to Kelly Meldrum, who is retiring as global head of fund investments after 17 years at the firm.
Promoted to Partner, Jeevarathnam will also become a member of the firm’s executive committee after joining the $50 billion Adams Street in 2016 as partner in primary investments. Meldrum, meanwhile, is transitioning her duties at year-end and will make herself available through the end of the first quarter of next year.
“Over her long tenure with Adams Street, Kelly has mad innumerable contributions to the firm, not the least of which was building a terrific team of seasoned partners who make material contributions to our clients’ success,” said Jeff Diehl, managing partner and head of investments at Adams Street, in a statement. “I am excited for Brijesh to now take on this larger role and am confident he will build on Kelly’s success after a smooth leadership transition over the next six months.”
Based in the firm’s Menlo Park, Calif. offices, Jeevarathnam had help manage the $14 billion global private capital portfolio at Commonfund Capital for a decade before joining Adams Street. He has been focused on the creation and scaling of the firm’s Venture Innovation and Leaders programs as well as being the portfolio manager on multiple separately managed accounts.
Saguna Malhotra, currently a partner in primary investment, will be promoted to the role of partner and head of Global Buyout Investments as part of the leadership transition. She joined Adams Street in 2015 from Stanford Management Company, where she oversaw the global private equity portfolio.
Malhotra is also in the Menlo Park and will now focus on global calibration and strategy for Adams Street’s buyout portfolios globally.