Bob Segal, a Boston private equity fixture for the past 25 years, passed away unexpectedly this morning.
Segal had been managing director of Park Street Capital, a private equity fund-of-funds manager with $3.2 billion in assets under management. He had co-founded the firm's predecessor organization in 1997 as a joint venture with Tucker Anthony, which Segal had originally joined in 1972. Below is a note Park Street Capital sent out today to firm investors and friends:
It is with profound sorrow we announce the unexpected passing of our long-time leader and friend Robert ("Bob") Segal earlier today. Bob was instrumental in the growth and success of Park Street Capital and those who were fortunate to work with him will remember his unwavering commitment to the firm and its clients. Bob approached every opportunity and every challenge with passion and vigor, and held himself and Park Street Capital to the highest standards. We will deeply miss his wisdom, his wit and his friendship.