BOSTON--(BUSINESS WIRE)--Berkshire Partners, a Boston-based investment firm, announced today that Mark Jung has joined the firm as an Advisory Director.
“Mark has an impressive track record leading and advising companies across the software, tech-enabled services and consumer industries,” said E.J. Whelan, a Managing Director at Berkshire Partners. “He is a talented and proven executive who will bring significant expertise and insight to both identifying new investment opportunities and working with our portfolio companies. We are pleased to welcome Mark to the Berkshire team.”
“Berkshire has an impressive history of partnering with management teams to grow their businesses,” said Mark Jung. “I am excited to help in these efforts and to add my experience and perspective to their efforts.”
Mr. Jung currently serves as Executive Chairman of Accela, Inc., a leading cloud software provider of civic engagement and productivity solutions for state and local government agencies. He is a member of the board of directors of DataXu, Pinnacle Foods and SambaSafety. Additionally, Mr. Jung is a member of the board of directors of Right to Play, the League of American Orchestras, an overseer of the Boston Symphony Orchestra, a member of the Leadership Council of the School of Engineering and Applied Science at Princeton University, and is a former member of the Management Board of Stanford Business School.
Earlier in his career, Mr. Jung founded and took public two separate technology ventures, the most recent being IGN Entertainment, which was sold to Newscorp in 2005. During his tenure at Newscorp, Mr. Jung served as Chief Operating Officer of the Fox Interactive Media Group, where he oversaw all of its internet properties and related operations worldwide. He began his career as a management consultant in the technology practice of McKinsey & Company.
About Berkshire Partners
Berkshire Partners, a Boston-based investment firm, pursues investments in both private equity and marketable securities. Since 1986, the firm has raised nine private equity funds with more than $16 billion in aggregate capital and has made over 115 investments in primarily middle market companies. Berkshire has developed specific industry experience in several areas including consumer products and retail, communications, business services, industrials and healthcare. Within private equity, Berkshire seeks to invest $50 million to $500 million of capital in each portfolio company and has a strong history of partnering with management teams to grow the companies in which it invests with the goal of consistently achieving superior investment returns. The firm invests in marketable securities through Stockbridge Investors, which was founded in 2007 and seeks to manage a concentrated portfolio of attractive long-term investments. Collectively, the firm benefits from its shared experiences, insights and relationships. For additional information, visit www.berkshirepartners.com.
Advisory Directors are business executives or industry experts well known to Berkshire who participate in specific activities that arise in their areas of expertise, including deal origination, due diligence investigation, investment deliberation and portfolio company advisory services. Advisory Directors are independent advisors that provide consulting services to Berkshire or its portfolio companies at varying levels of engagement. Please see Berkshire’s Form ADV Part 2A filed with the SEC for additional details.