Industry News
He will coordinate consultant activity worldwide for Putnam’s institutional business.
Plan filled an investment officer position vacated earlier this year.
The plan will see both its cio and cfo retire in 2022.
She will help grow the firm’s for-sale residential investment platform.
The fund will invest in a global portfolio of secondary assets, primary blue chip private equity funds and co-investments diversified by manager, geography, stage and vintage with an attractive private equity risk/reward profile.
He is responsible for macroeconomic research as well as leading the firm’s asset allocation teams and strategies.
Most of the firm’s equity will continue to be held by employees.
The new Co-President will oversee the firm’s internal functions.
Lightyear makes control investments in North America-based, middle market financial services companies.
Institutional investors paid an average of 54.2 basis points for total fund expenses in 2020.