Author: davidmtoll

Texas city pension with $270M PE, RE portfolio seeks leader

The City of El Paso Employees Retirement Trust, which has a quarter of its $1 billion portfolio invested in private equity and private real estate, is searching for a new executive director.

The new executive director would oversee both asset allocation and fund manager performance, according to a new job posting. Candidates need at least five years of leadership experience at a pension system or similar financial services organization, alongside experience in investment oversight, finance and governance. The role also includes overseeing benefit administration, financial reporting and regulatory compliance.

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Big Moves: H.I.G. Capital, Peak Rock Capital, Arsenal Capital

Big Move! Younghee Choi joins the the capital formation group of alternative investment firm H.I.G. Capital as ahead of Asia. She most recently worked as senior managing director and head of Korea institutional client solutions at Blackstone.

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Big Moves: Palm Peak Capital, Angeles Equity, Parthenon Capital

The following Big Move! items appeared in the August 21 free edition of Private Equity Career News:

Big Move! Claudia Chelsea Dzierbicki joins Boca Raton, Florida-based industrial and business service investor Palm Peak Capital as director of portfolio operations, according to her Linkedin profile. Dzierbicki most recently served as senior director of carve and integrations at Performance Improvement Partners.

Big Move! Michael Knapp joins Los Angeles-based buyout firm Angeles Equity Partners as managing director and head of business development, according to his Linkedin profile. Knapp most recently served as managing director at buyout firm Levine Leichtman Capital Partners.

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RCP Advisors launches independent sponsor fund

Funds-of-funds manager RCP Advisors has raised at least a combined $130.6 million for its first dedicated independent sponsor fund and for the 21st iteration of its flagship PE fund of funds, according to sister newsletter LP Allocator News.

The Chicago-based firm, with some $18.7 billion AUM, has raised at least $38.1 million of a targeted $225 million from 52 investors for RCP Independent Sponsor Fund LP, according to a new SEC filing. At the same time, the firm has raised at least $92.4 million from 54 investors for RCP Fund XXI LP, which has a target of $250 million and a hard cap of $500 million.

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Big Moves: Summit Partners, Coalesce Capital, Alpine Investors

The following Big Move! items appeared in the August 14 free edition of Private Equity Career News

Nicklas Kongsgaard Andersen joins Boston-based buyout and growth equity firmSummit Partners as director of AI, according to his Linkedin profile. Andersen most recently served as a principal product manager on the technical products, Alexa+ and artificial general intelligence team at Amazon.

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Big Moves: Audax Strategic Capital, Cerberus Capital Management

The following Big Move! items appeared in the August 7 free edition of Private Equity Career News

Big Move! Ralph Yang becomes managing director and co-head of Boston-based Audax Strategic Capital, which provides growth capital to companies owned by other buyout firms, according to his Linkedin profile. Yang previously served as managing director on the "Tactical Opportunities" team at New York City-based alternative investment firm Blackstone.

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Big Moves: TPG, Leonard Green, Capitol Meridian

The following Big Move! items appeared in the July 31 edition of Private Equity Career News

Big Move! Axel André joins San Francisco-based alternative investment firm TPG as chief financial officer, according to his Linkedin profile. André most recently served as CFO of Reinsurance Group of America.

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Big Moves: Cerberus Capital, Athena Capital, Square Nine Capital

The following Big Move! items appeared in the July 24 edition of Private Equity Career News:

Big Move! Esina Alic steps down as senior managing director on the supply chain and strategic opportunities team at New York City-based buyout firm Cerberus Capital Management, according to a bounce-back email. Alic joined the firm in 2023 after serving as strategic advisor and operations team lead at Aero X Ventures. We were unable to reach Alic to learn her plans.

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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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