Firm adds former NYC cio as a managing director.
He will open a new office in New York City, the firm said.
A California plan agreed to initiate a real estate search following approval of a new asset allocation policy yesterday.
He will be responsible for sourcing, structuring, transactional due diligence, monitoring and management.
The plan made first-time investments with two funds for pacing purposes.
Plan approved an opportunistic commitment to an existing manager pending a review by its investment consultant.
The new partner will lead sourcing, evaluation and execution of investments as well as support portfolio companies.
He will support the private equity firm’s efforts in sourcing and evaluating new investment opportunities.
Investors’ 2020 search activity remained on par with previous years despite the COVID-19 pandemic and there continues to be increased activity for private investment strategies, according to a recent webinar from an investment consultant.
Fund selected firms to implement emerging manager programs in private equity and private real estate last week.