Executive moves, week of June 29, 2009

Mosher leaving Madison Dearborn

David Mosher

is leaving Madison Dearborn Capital Partners after 17 years, as first reported last week by The Chicago Tribune. Mosher, co-founder and managing director of the firm, has focused on investor relations and other non-investing activities.

What is unclear, however, is whether Mosher’s resignation has anything to do with Madison Dearborn’s difficulty in raising its sixth fund. The firm began marketing in late 2007 with a $10 billion target, but later cut back expectations to $7.5 billion. It held a $4 billion first close about a year ago, but was still soliciting capital as of last week, according to sources familiar with the firm.

Mosher did not return calls for comment. —Dan Primack

Lerner to advise Grove Street

Josh Lerner

, the Jacob H. Schiff Professor of Investment Banking at Harvard Business School, has joined PE consultancy Grove Street Advisors as a senior advisor.

CRV adds EIR

Philip “Pud” Kaplan, founder of online advertising company AdBrite and the now defunct F**ckedCompany.com, which tracked failed Internet companies, has joined Charles River Ventures as entrepreneur-in-residence. The Waltham, Mass.-based firm earlier this year raised $320 million for its 14th fund.

Morgan Stanley adds Carlyle advisor to board

James Hance, a senior advisor to The Carlyle Group, has been named to the board of Morgan Stanley. Hance, 64, was chairman of Carlyle in 2007 and was a partner with Price Waterhouse in the 1980s. He currently sits on the boards of Duke Energy, Cousins Properties, Rayonier Inc. and Sprint Nextel Corp.

Dougall to depart from Sun

Philip Dougall has resigned as a managing director of Sun Capital Partners’ European affiliate, according to LBO Wire. He will officially leave in August after six years with the firm. Dougall previously co-led Lehman Brothers’ European telecom practice. No word yet on his future plans.

Chicago hires Schmid

Mark Schmid

has been named vice president and chief investment officer of the University of Chicago, which has an endowment valued at about $4.9 billion. He previously served in a similar position with Boeing Corp.

Barnes joins First Round

Phin Barnes

has joined West Conshohocken, Pa.-based First Round Capital as a principal. Brnes previously founded ResponDesign, a fitness-focused videogame producer for Xbox and PlayStation2 game consoles.

Baroda lassoes Lee

Peter Lee

has joined Los Angeles-based Baroda Ventures as a partner. He previously was an associate with Prism VentureWorks and, before that, was with Clearstone Venture Partners.

TVM promotes Melnikova

TVM Capital

has promoted Irena Melnikova to principal. She joined the firm’s Boston-based life sciences team last year, after serving in various roles with Life Science Insights, a subsidiary of IDC.