Russell W. Steenberg Elected to FNIH Board of Directors
Russell W. Steenberg Elected to Foundation for the NIH Board of Directors
BETHESDA, MD, June 25, 2015 – The Board of Directors of the Foundation for the National Institutes of Health (FNIH) has unanimously elected Russell W. Steenberg as a Director of the Foundation. His three-year term began immediately after the May 21 Board meeting.
Mr. Steenberg, who has more than 32 years of experience in private equity investment, is the global head of BlackRock Private Equity Partners, having joined in July 1999 as founder and head of Private Equity Partners.
“I am delighted that we have added to the FNIH Board someone with such an impressive background and diverse interests,” said FNIH Chairman Charles Sanders, M.D. “With his financial savvy and managerial insights, I know Russ will strengthen even further an exemplary group of directors. I look forward to his participation in the vital work of FNIH.”
Prior to joining BlackRock, Mr. Steenberg was a co-founder and Managing Director of Fenway Partners, a middle-market buyout group with $1.4 billion of capital. From 1983 until joining Fenway in 1995, Mr. Steenberg was employed by AT&T Investment Management Company, where he was co-head of the AT&T Pension Fund’s $3.6 billion private equity investment portfolio. Mr. Steenberg currently serves on the advisory boards of the following funds or GPs: SKM Equity Fund III, Quadrangle Capital Partners, Lindsay Goldberg & Bessemer, Partech International, Clayton Dubilier & Rice VII, Parallel Investment Partners and THLee VI.
In addition, Mr. Steenberg is on the Board of Advisors for the Tuck Center of Private Equity and Entrepreneurship, Tuck Board of Overseers, serves on the Board of Westfield Methodist Church and is on the Board of Directors of the Lasker Foundation.
Mr. Steenberg received his MBA from the Amos Tuck School of Business at Dartmouth College, an MPA from American University, and a BA from St. Lawrence University.
“The FNIH Board provides important counsel and guidance about a spectrum of issues, from financial and managerial matters to the evaluation of present and future projects. I know Russ will help the Foundation reach greater heights so that our work continues to benefit people and patients looking for hope and health,” said FNIH President and Executive Director Maria C. Freire.
About the Foundation for the NIH
The Foundation for the National Institutes of Health creates and manages alliances with public and private institutions in support of the mission of the NIH, the world’s premier medical research agency. The Foundation, also known as the FNIH, works with its partners to accelerate key issues of scientific study and strategies against diseases and health concerns in the United States and across the globe. The FNIH organizes and administers research projects; supports education and training of new researchers; organizes educational events and symposia; and administers a series of funds supporting a wide range of health issues. Established by Congress in 1990, the FNIH is a not-for-profit 501(c)(3) charitable organization. For additional information about the FNIH, please visit www.fnih.org.