Bob Grady is in talks to change roles at
Grady would still be involved with the $1.5 billion
Grady would remain based in San Francisco.
Before joining Carlyle, Grady served as deputy assistant to Pres. George H.W. Bush and as executive associate director of the Office of Management & Budget between 1991 and 1993. He also was chief speechwriter and senior advisor to the 1998 Bush presidential campaign, and has served as chairman of the National Venture Capital Association.
Grady’s transition would be part of a larger personnel shift at Carlyle Venture Partners, which is currently investing from a $605 million fund raised in 2006. The firm recently hired two new managing directors for its West Coast team, Nick Sturiale (formerly with Sevin Rosen Funds) and Greg Rossman (formerly with Pequot Capital). It also has hired Jeb Miller as a principal. Miller was previously a partner with ComVentures, now known as Velocity Interactive Group.