A Mid-Atlantic plan disclosed two recent commitments at today’s board meeting.
The lower middle market and small buyout space possesses more attractive qualities relative to the private equity sector’s large buyout space, according to one firm.
The new hires include a managing director and two associates.
The fund will invest primarily in businesses based in North America, and selectively in Europe and Australia.
Plan will look to award up to five contracts for private equity and real assets consulting services.
One will advise on the firm’s Flagship Fund, while another will integrate ESG practices and the third will oversee the Foundation Fund.
The plan made three private equity co-investments for the first time.
They will support scaling of the private equity firm’s investment activities.
He will be responsible for investment execution, analysis, due diligence and portfolio management.
The plan will interview two private equity managers next month as it looks to complete its pacing plan for the year.
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