NJ seeks four senior portfolio managers for alternatives, fixed income

The New Jersey Division of Investment, one of the largest public pension investors in the United States, is recruiting four senior portfolio managers to help oversee its roughly $86 billion portfolio, including leadership roles in private equity, private credit, real estate and fixed income.

The positions, which all carry salaries ranging from $147,906 to $219,389, are based in Trenton and report to senior investment leadership within the division. The investment office manages retirement assets for more than 837,000 members across seven New Jersey public pension systems.

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Howard Hughes Medical Institute, Meyer Memorial seek investment pros

Two nonprofit investment organizations with significant alternative investment portfolios are hiring investment professionals, offering candidates a window into how their endowments and foundations deploy capital across private markets.

The Howard Hughes Medical Institute is seeking an investment associate to join its roughly 20-person investment office, while Meyer Memorial Trust is recruiting a managing director of investments to oversee its investment program and lead a four-person team.

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Eyeing transition, Brenton Point opens pair of searches

Two-year-old Brenton Point Capital Partners has opened searches for a VP/principal-level deal professional and for an AI expert as it transitions into a firm with committed capital.

The firm’s third VP/principal-level professional would play the role of “deal quarterback,” said Evan Weinstein, who joined the 11-person, New York City buyout firm as partner earlier this year. Responsibilities include creating investment themes, finding transactions, building a deal team, setting the team culture, and playing point person for portfolio company executives.

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Colorado PERA seeks deputy CIO to lead private markets

The Colorado Public Employees’ Retirement Association has posted an opening for a deputy chief investment officer to oversee its $16.8 billion private equity, real estate and alternative investments portfolio.

The deputy CIO of private markets role at the $75 billion pension manager comes with an anticipated salary of $335,000 to $415,000. Candidates should have a bachelor’s degree and at least 10 years of investment portfolio management experience. It helps to have a master’s degree in business administration or a designation as a chartered financial analyst or chartered alternative investment analyst.

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Big Moves: New Mexico ERB, H.I.G. Capital, Gemspring Capital

The following Big Move! items appeared in the July 10 edition of Private Equity Career News:

Big Move! New Mexico Educational Retirement Board promotes Stephen Neel to CIO. Neel previously served as deputy CIO, working on an alternative investment portfolio that accounts for about half of the pension fund’s $20 billion in assets. Before joining in 2006, Neel underwrote investments for a Fortune 500 homebuilder.

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Wanted at Ohio Teachers: Directors of PE, Private Credit

The State Teachers Retirement System of Ohio has launched searches for  directors of private equity and private credit to manage investments for its $104 billion pension fund.

The two new positions replace a single role—that of director of alternative investments, previously held by Aaron DiCenzo. Late last year DiCenzo was promoted to deputy executive director of investments and chief investment officer of the Columbus-based STRS Ohio following the retirement of former CIO Matt Worley.

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WayPoint Capital splashes into fundraising pool

WayPoint Capital Partners, founded in 2004 to invest on behalf of a single family office, and which recently has been investing on a deal by deal basis, has launched a debut buyout fund.

WayPoint Capital Partners Fund I-A LP and a related fund don't have disclosed targets. But the listing of Stifel as its placement agent on regulatory filings suggests the firm will be soliciting institutional investors. The Eaton Partners division of Stifel has raised more than $140 billion in institutional money since its founding in 1983.

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Big Moves: Northern LGPS, Golub Capital

Big Move! John Dewey is appointed CIO of Northern LGPS, a new entity responsible for managing £70 billion ($92.5 billion) in pension assets for Greater Manchester Pension Fund, Merseyside Pension Fund and West Yorkshire Pension Fund. Dewey most recently has been serving as CIO of the West Yorkshire Pension Fund.

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Manufacturing deal paves way for hiring at Sky Peak Capital

A pair of acquisitions that brings the first of its two platform companies to more than $40 million in revenue has set the stage for Sky Peak Capital to hire another two investments pros, Private Equity Career News has learned.

Last month the Boston-based buyout firm formed Excelus Holdings to combine its Manchester, New Hampshire-based Excelus Manufacturing Solutions with fellow precision manufacturing companies D&G Machine Products and Millennium Precision.

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Ex-executive of Trivest files to raise $150M debut fund

Mario R. Masrieh, a former managing director at lower-middle-market buyout firm Trivest Partners, plans to raise a debut fund of $150 million.

Masrieh submitted a regulatory filing this month for the Virmos Catalyst Partners I LP fund. On the filing he is listed as an executive officer of Coral Gables, Florida-based Virmos Capital.

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