Industry News
The firm has added two new members to its private assets team to further develop its infrastructure capabilities.
The new global head of sales and marketing succeeds Alexander Preininger, who had been on leave due to personal circumstances and is now departing the firm.
The plan continues to fill out its investment staff with the additions of two new asset class heads.
The firm closed its lower middle market private equity fund with $400 million in commitments.
The acquisition will provide PEM with enhanced growth opportunities.
The current head of the platform will retire early next year.
More than half, 58%, of endowment and foundations are currently invested in private market assets or are considering investing over the next 12 months, according to a survey.
The firm named a partner as head of its U.S. Northeast and Midwest endowment and foundation practice earlier this year.
The London-based investment firm focused on energy has acquired a U.S.-based private equity firm focused on sustainability investments.
The organization is searching for an associate director of investments to help oversee its investment portfolio, including its endowment and defined benefit pension plan.