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Exclusive: Andy Ballard leaving Hellman & Friedman

November 7, 2012: 4:18 PM ET

Private equity investor leaving after eight-year run.

FORTUNE -- Andy Ballard is stepping down as a managing director with private equity firm Hellman & Friedman, Fortune has learned.

No word yet on why he's leaving, or what he plans to do next. My original tipster suggested that he might be seeking to raise his own fund, but I've been unable to confirm.

Ballard originally joined Hellman & Friedman in 2004, after having spent seven years with Bain Capital in San Francisco and Boston. His current board seats are for Catalina Marketing and Internet Brands Inc., while past deals included Activant Solutions, DoubleClick, Vertafore and Getty Images.

He also serves as a trustee of the San Francisco Foundation.

I've left messages with Ballard and H&F, and will update this post if they respond.

Hellman & Friedman raised $8.8 billion for its seventh fund in late 2009, but did not begin seriously investing the cash until last year.

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Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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