Investment fund, Lightbank, has appointed Bill Pescatello to its board as a principal, Private Equity Hub reports. Based in Chicago, Pescatello will be in charge of identifying, executing and managing new and existing Lightbank investments nationally.

Previously, Pescatello has served at NBCUniversal as vice president and founding member of the Peacock Equity Fund, NBCUniversal’s venture capital unit. Lightbank was started by Groupon co-founders, Eric Lefkofsky and Brad Keywell.

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