Russell F. Peppet
Partner, Park Avenue Equity Partners
M.B.A., Northwestern University; B.S., mathematics, Michigan State University
Summary of Experience
Mr. Peppet is an expert in cost accounting in the mutual fund industry, and brings with him more than 43 years of experience in finance and equity investment. He has provided expert testimony and been deposed in several Section 36(b) cases, including Gartenberg v. Merrill Lynch Asset Management and Bennett v. Fidelity Management & Research. He has also participated in and managed consulting engagements in the areas of financial management, cost accounting, and budgeting. In his 28-year career with KPMG Peat Marwick, he held various executive positions, including vice chairman of management consulting. He entered the private equity field as vice chairman and principal at Quirk Carson Peppet Inc., and as a principal at Churchill Capital, Inc. He joined Park Avenue Equity Partners in 2001 as a special advisor, became a partner, and was integral in the acquisition of one of the firm's portfolio companies, and was chairman of the board of one company. Mr. Peppet has served on the boards of numerous private and public companies, as well as the Executive Council for Foreign Diplomats, and as chairman of AFS-USA. He is actively involved in the Fairfield County Microenterprise Investors Council, a group involved in establishing microenterprise loan programs in Ecuador, Chile, the Dominican Republic, and Senegal.