Industry News
Bridge Investment Group has acquired substantially all of private equity secondaries manager Newbury Partners.
The firm has added a private equity veteran to its roster.
He joined the firm’s board of directors last week after retiring from the Minnesota State Board of Investment in 2022.
Bernhardt has served as the Portland, Ore.-based college’s first-ever cio since 2019. He took the time to answer 5 questions with FIN News.
The institution is looking to build out its investment team with a managing director for public investments and a managing director for private investments.
He oversees sales efforts for the intermediary channel in the Northeast territory.
The fund closed at its hard cap with over €1.4 ($1.5) billion in total commitments.
The new v.p. will be responsible for institutional business development efforts in the Eastern U.S.
The private equity firm focuses on the food and consumer products and services sector.
A senior consultant for NEPC has departed the firm after first joining in 2009.