Gov. Christie Confidante Bob Grady Joins Private Equity Firm

Bob Grady, a close confidant of New Jersey Gov. Chris Christie and former chairman of the $81 billion New Jersey Investment Council, has agreed to join mid-market private equity firm Gryphon Investors as a partner, according to Fortune.  He also will lead Gryphon’s general industries group, which is one of the San Francisco-based firm’s four areas of investment focus.

Grady and Gryphon CEO David Andrews were classmates at Stanford Business School in the 1980’s, and have remained close friends ever since.

When Grady stepped down from the NJ Investment Council chairmanship last November, Fortune reported that he was considering whether or not to continue on with his day job as a managing director with private equity fund-of-funds manager Cheyenne Capital. He ultimately decided to move on, citing a desire to be more involved with direct investing.

Keep reading, Grady.