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Former AT&T CEO joins private equity fund

June 25, 2013: 12:25 PM ET

Former AT&T and Skype execs join forces to make tech investments.


FORTUNE -- An affiliate of investment bank Centerview Partners is looking to raise $500 million for a tech-focused private equity fund, and has hired a pair of industry heavyweights to help invest the money.

According to a regulatory filing, fund partners will include former AT&T CEO Dave Dorman and former senior Skype executive Sandhya Venkatachalam.

Dorman was one of the earliest employees of what would become Sprint, and in 2000 became CEO of AT&T (T) -- reorganizing the struggling company into four separate units. He would leave six years later, just before the company was formally acquired by SBC Communications (which retained the AT&T branding). Dorman then became non-executive chairman of Motorola, and currently serves as lead independent director for Motorola Solutions (MSI). He also serves as non-executive chairman of CVS Caremark (CVS), and as a director of Yum Brands (YUM). Dorman's prior private equity experience came between 2006 and 2008, during a stint with Warburg Pincus.

Venkatachalam spent more than five years in corporate development with Cisco Systems before joining Skype in early 2011 as head of corporate development and vice president of advertising and monetization strategy. She then stuck around in a similar role after Skype was acquired later that year by Microsoft (MSFT).

Rounding out the partnership are several members of Centerview Partners and its Centerview Capital affiliate, including Ned Hooper, David Handler, David St. Jean and Robert Pruzan.

Fortune has reached out to both Dorman and Venkatachalam, but we have not yet heard back. This post will be updated if that changes.

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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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