The fund will invest in a mix of lower middle market buyout funds and co-investments.
Head will oversee the firm’s global equity, emerging markets, Chinese equity and Asia-Pacific equity teams.
The plan hired its first investment head to oversee its more than $4 billion in assets from a nearby university.
The acquisition of the manager, which has $600 million in assets under management, closed on June 30.
The new managing director will lead business development for the firm’s strategic growth fund.
Healthcare systems are increasing their risk posture this year after achieving robust returns in 2021 on the back of strong equity markets, a new survey shows.
The investment analyst will receive input and direction from the plan’s investment officers.
He was previously president of U.S. banks at Morgan Stanley.
He will lead the firm’s new secondaries strategy and investing across the secondaries landscape.
The managing director is responsible for business development and capital raising across H.I.G.’s global private equity platform.