Industry News
The retirement system promoted an internal staff member to its director of private real estate role.
Firm has hired Christopher Martin as lead institutional portfolio manager for alternative investment strategies.
The managing director will co-lead fundraising initiatives across the firm’s platform.
Comvest Partners first announced that it was selling a 75% stake in its private credit business in August.
The firm made a strategic minority investment in private market secondaries manager Coller Capital as it looks to expand into private markets.
The selected individual will develop investment strategies, ensure portfolio risks and allocations remain aligned with objectives, collaborate with external advisors and more.
The new hire will succeed Executive Director Jerry Allen upon his retirement on January 1.
The newest fund surpassed the firm’s $4.75 billion target in less than five months.
The firm has completed fundraising for its fifth debt strategies fund, raising $2.15 billion in equity commitments.
One discretionary advisor sees an imperative need for in-person interaction at foundations and endowments to successfully advance mission-oriented objectives, particularly amid changing board demographics.