Robert Litterman has been elected chair of the Commonfund board of trustees. Litterman succeeds outgoing board chair, Brad Gallagher, who is stepping down to focus on his business interests. Litterman has been a member of the Commonfund board of trustees since 2009, and most recently served as the chair of the Audit and Risk Committee.

DC Advisory has promoted Terry Huffine, Michael Mariaz and Andrew Strudwick to managing director. DC Advisory is a European mid-market investment bank.

Stamford, Connecticut-based private equity firm Olympus Partners has promoted David M. Haddad to general partner. Haddad joined the firm in June 2008.

Nate Ford has been named chair of the private equity practice at law firm Perkins Coie. Ford replaces Jim Cruger, a partner in the firm’s Chicago office. Ted Wern, also a partner in Chicago, will work as vice chair. Ford’s practice focuses on advising private equity sponsors, senior management and public and private companies in connection with domestic and cross-border mergers, acquisitions, dispositions, growth equity financings and other corporate transactions. He also provides representation to private equity portfolio companies.

Investment banking firm Peter J. Solomon Company has promoted Jeffrey Jacobs and Mark Boidman to managing directors in the firm’s mergers & acquisitions group. Prior to joining PJSC, Jacobs worked at Compass Advisors, while Boidman worked at Barclays Capital.

Polaris Partners has promoted Kevin Bitterman to partner of the firm. Bitterman joined Polaris in 2004 and focuses on healthcare investing. Polaris Partners takes minority and majority positions in a diverse portfolio of technology and healthcare companies throughout their lifecycles.

Riveron Consulting has promoted three principals—two in the Southwest office and one in the Midwest office. Promotions in the Southwest office, which is located in Dallas, include Jason Roberts and Michelle (Tencleve) Laitinen. Both new principals will be responsible for client service. Nonye Ukawuba is the newest principal in the firm’s Midwest office, located in Chicago. Each employee is a former senior manager at the firm. Riveron specializes in serving private equity funds, firms that are growing through strategic acquisitions and companies seeking to maximize the value of business transactions.

Wellspring Capital Management has named Greg S. Feldman, the firm’s co-founder, as executive chairman and William F. Dawson Jr. as CEO. Alexander E. Carles, Joshua C. Cascade and John E. Morningstar have been named managing partners of the firm and will serve in this role along with Carl M. Stanton.