Industry News
New managing director will focus on business development and capital partners.
The new hire will be responsible for equity research on the growth equity manager’s investment team.
The appointments follow the death of Executive Director and CIO David Villa.
The new hire will build out and spearhead the firm’s investor relations team.
The transaction closes in the second half of this year.
BCI will target a cumulative $5 billion investment in sustainability bonds and reduce the carbon exposure in its global public equities portfolio by 30% by 2025, from a 2019 baseline.
The plan will engage in a process to select a new executive director in the coming weeks.
The additional capital will facilitate strategic growth as Arlington expands an existing base of global limited partners, provides additional investment vehicles to investors and further invests in organization and infrastructure, the firm said.
The plan tapped a recently retired deputy from the state’s employees retirement system.