Vishnu Srinivasan was named CIO at Ohio State University, Columbus. Srinivasan will now oversee the university’s $4.9 billion long-term investment pool. He was previously MD at the Pritzker Family Foundation in Chicago.
Australian superannuation fund Cbus is hiring Alexandra Campbell as its new head of infrastructure, sources confirmed.
She will replace Diana Callebaut, two sources familiar said. Callebaut left the AUD 52bn fund in January this year to become head of direct investments and infrastructure at New South Wales’ Treasury Corp, replacing Lianne Buck who resigned in September last year. AustralianSuper is the country’s biggest super fund, with about AUD 180bn in assets under management.
Andrea Echberg is to step up to be Pantheon Ventures’ sole global head of infrastructure and real assets, which manages three global funds.
She is currently co-head, alongside Pantheon partner Kathryn Leaf, of the asset manager’s infrastructure and real assets offering, which makes primary and secondary investments into funds as well as co-investments.
Consumer-focused private equity firm L Catterton has hired Saurabh Mehta, formerly a partner at India’s CX Partners.
Mehta has nearly 15 years of experience in professional investment management, having worked for Temasek Holdings and 3i Group before joining CX in 2010. He oversaw the Indian GP's healthcare, niche manufacturing, information technology, and outsourcing coverage.
BD-Capital has appointed Bram Grimmelt as partner and head of its Benelux investment activities.
Prior to joining BD-Capital, Grimmelt was head of Advent International in the Benelux region. During his 14 years at Advent, he was involved in seven investments, including Delft Instruments, Nucletron, Mediq, Unit4 and Ammeraal Beltech.
Recently-launched GP Gyrus Capital has added Anna Mattsson Samanta and Patrick Vink to its operating and advisory partnership.
Gyrus was launched in early 2019 by former Argos Wityu partner Guy Semmens and Robert Watson (formerly of Altaris and Hg). The firm expanded its team that year with the addition of Mirco Dilda, Alyson Greenwood and Cedric Perlet, all previously with Argos.
Standard Chartered Bank has begun a more concerted push into European and sub-Saharan African power, utilities and infrastructure advisory and lending, hiring Mehdi Benjelloun as an executive director to cover these markets, sources said. Benjelloun, who took up his new role in London earlier in June, is the bank’s first on the ground specialist covering the PUI markets for Europe and sub-Saharan Africa.
Mark Mansley, CIO of Brunel Pension Partnership, has left the firm. Mansley spent the last three years building the government pension scheme’s investment team which manages assets across equities, bonds, liquid alternatives, and private markets. Brunel is now on the hunt for a new CIO.
The board of the Pennsylvania State Employees' Retirement System (PA SERS) has named industry veteran Seth Kelly as its new chief investment officer.
Kelly has more than 20 years of experience in the institutional investment industry, most recently as CIO of the Missouri State Employees Retirement System (Mosers). He replaces former CIO Bryan Lewis, who left to run the defined benefit and defined contribution plans for United States Steel Corp.
The USD 104.3bn Minnesota State Board of Investment (SBI) is seeking a private markets and alternatives consultant to oversee its private equity, private credit, real estate, infrastructure, other real assets, royalties and liquid alternatives portfolios, according to a request for proposal (RFP) issued on 13 April.
Milwaukee County Employees'Retirement System has reduced its recent commitments to PE by 20%.
The fund's board decided to reduce itsoverall commitments to funds managed by Baring Private Equity Asia, Barings,Fairview Capital Partners and Greenspring Associates, to $63.5m from $79.5m,according to publicly available documents.
The USD 29bn Employees Retirement System of Texas (ERS) is planning to make three to six new infrastructure commitments totalling approximately $400m in the fiscal year ending 31 August 2021, according to recently released board meeting materials.
The commitments seek to attain the targeted 7% private infrastructure allocation by FY23.
Bain Capital Credit has closed its third dedicated distressed and special situations fund, Bain Capital Distressed & Special Situations 2019 (DSS 19), at $3.2 billion, above its $3 billion target size, according to media reports. The Boston-based firm joins several others closing billion dollar distressed debt funds, including KKR ($4 billion), Apollo ($1.75 billion) and Balbec ($1.2 billion).