The fund’s previous deputy cio departed last year to join a retirement system.
The global venture capital firm has opened its first European office and appointed a partner.
Matthew Borstein has joined CIM Group as managing director and co-head of credit.
The new co-head has been with the firm since 2010.
BPC Opportunities Fund V raised over $750 million while the firm’s inaugural BPC Real Estate Debt Fund raised $545 million.
The investment board expects to appoint an executive director next month.
The plan is looking to fill a role previously held by Dan Bienvenue, who joined General Atlantic as a managing director in April.
The fund will target value-add opportunities within the U.S. multifamily sector.
Eric Jaffe was appointed ceo of BCA Research in November 2023, where he is responsible for leading the Montreal-based global investment research provider and guiding the firm through its next phase of growth.
The retirement systems first initiated a search for a new executive director in the third quarter.