Hire was most recently cto and head of asset management technology at Wells Fargo.
Firm will acquire companies and assets in the multi-site healthcare services industry with a focus on utilizing new technologies and operating strategies to enhance patient access and experience.
He will support the due diligence process and drive the growth of portfolio companies.
He will retain his previous responsibilities as head of institutional business.
District is searching for a discretionary manager for $529 million in assets.
The $2.4 billion transaction is expected to close by the end of the second quarter.
The fund focuses on lower middle market buyouts and late-stage growth equity investments.
He will be responsible for private equity in the new role.
He will expand institutional and consultant relationships.
Firm will help oversee the city’s $50 million cash and investment portfolio.