John Veronis, the chairman and co-CEO Veronis Suhler Stevenson, is leaving the firm.

A spokeswoman for John Veronis would only say that he is looking at a range of opportunities. "At this point in time, he doesn't want to be more specific, but I will state emphatically that he is going to be doing more things," his spokeswoman said.

Veronis, 82, co-founded the firm in 1981. While his partnership interest has been redeemed, a press release indicated that he would continue to fulfill his existing commitments to the VSS funds and other vehicles in which he is a limited partner. The announcement indicated that Veronis has been preparing the transition for "many months."

Jeffrey Stevenson, who joined VSS a year after its launch, will continue to serve as the managing partner of the firm and its sponsored funds. John Suhler, a co-founder, will also maintain his role as founding partner and president.

VSS declined to comment for this story.

The departure follows the exit of James Rutherfurd, who left VSS in April to join 3i Group. The firm, a specialist in the media and information segment, is currently investing in buyouts out of its fourth fund, a 2006-vintage, $1.3 billion vehicle, and last year raised a mezzanine vehicle with over $300 million in commitments.

Career moves