Investment Team
James Elrod, Jr.

Managing Director

Jim is a Vestar Managing Director.  He joined the firm in 1998, bringing with him years of operational experience in the healthcare sector.  He is currently a director of Veritas Collaborative.

Jim was Executive Vice President at Physicians Health Services, where he also served as corporate CFO, CEO of the New York and New Jersey subsidiaries, and President of the New Jersey insurance subsidiary.

Before that, he was a partner at Dillon, Read & Co., a private investment bank, where he created and ran the firm’s healthcare investment group, and served as co-head of equity issuance.

Jim graduated with an AB, cum laude, in English from Colgate University, holds an MBA from Harvard Business School and an MAR from Yale Divinity School.

Jim is a Trustee Emeritus of Colgate University and serves on the boards of Yale New Haven Hospital and the American Battlefield Trust. Jim is also the Chairman of the board of the Berkeley Divinity School at Yale.

Originally from Atlanta, Georgia, Jim is married with three children and lives in Riverside, Connecticut.




The deaths of George Floyd, Ahmaud Arbery, and Breonna Taylor and the recent hate crimes and incidents against members of the Asian American and Pacific Islander (AAPI) community, including the attack on Vilma Kari are only the latest examples of centuries of racism, brutality, and discrimination against BIPOC people in our country. These events cannot be tolerated. Nor can they be observed in silence. They go against everything we stand for as individuals and as a firm, and they demand a response.



Vestar stands with those who fight against social injustice and condemns the prejudice and inhumanity so brutally demonstrated and clearly witnessed. We have always strived to do the right thing in our everyday business activities, but we realize now that isn’t enough, and we are committed to listening, learning, and doing more.



All of us at Vestar are recommitting to taking steps to effect permanent change. Beyond our longer-term commitments, Vestar has taken immediate steps to make changes within our own operations, including:

i.) Establishing the Equity, Inclusion and Community (“EIC”) Committee, which seeks to promote and provide ongoing educational resources and regular events on topics of anti-racism, equality, and social justice for all employees

ii.) Providing all employees with unconscious bias training

iii.) Conducting anonymous internal surveys to assess employee perceptions of the inclusivity of our culture

iv.) Improving our recruitment and retention initiatives by expanding our pipeline of candidates, conducting off-cycle hiring, and partnering with groups like SEO, a non-profit that provides educational and career programs to underserved and/or under-represented young people, to connect us with talented undergraduates for internships at our firm