The $96 billion global private equity firm Advent International has named Heather Kennedy Miner as managing director and aims to have her take on the chief operating officer role as of Jan. 1, 2023.
The new COO role builds on the work of Richard Kane, who served as Advent’s managing director and senior vice president of business operations for the past 14 years. As part of a seamless transition, Kane and Miner will collaborate closely together before his retirement at the end of 2024, officials said.
Miner had been a partner at Goldman Sachs and during her nearly two-decade long tenure she served in a number of positions at the firm most recently being chief operating officer as well as global co-head of client solutions and capital markets for Goldman Sachs $2.4 trillion asset management business. She began her career in the financial institutions group at UBS.
At Advent, she will be responsible for driving the Boston-based firm’s global operations, including executing the firm’s strategic growth initiatives, overseeing marketing and communications and delivering on talent development priorities.
“We are delighted to welcome Heather to Advent’s leadership team,” said David Mussafer, managing partner and co-chair of Advent’s Executive Committee, said in a statement. “Heather brings a diversified skillset and partnership ethos that we believe will allow her to add significant value to our investment and operating teams. With her impressive background and deep expertise, Heather is well suited to help us advance our key strategic and financial goals.”
Miner commented that with $25 billion in new capital from the firm’s latest flagship fund GPE X, that Advent auspicious juncture.
“During her twenty-plus year career, and throughout multiple market cycles, Heather has ed functions which are critical to scale a global investment management business,” said James Brocklebank, managing partner and co-chair of Advent’s Executive Committee, in a statement. “As we embark on Advent’s exciting next stage of growth, we are incredibly pleased to continue expanding and diversifying our senior team as we further build out of platform and continue to enhance our operating performance.”
