Blog

Private equity investors seek new personnel

by Joe Childs

  • 03 Nov 2009
  • PE

Recent weeks have seen a number of personnel changes and searches amongst several prominent private equity investors. Sweden’s second national pension fund, AP-Fonden 2, which has made private equity commitments totalling approximately SEK 15 billion (€1.5 billion), is looking to appoint a new CIO after incumbent, Johan Held, handed in his resignation. Mr Held will remain with the fund for a period before taking up a similar position at Swedish insurance company AFA, which has built an extensive private equity portfolio over the last decade.

North Carolina’s Department of State Treasurer is also seeking to hire a new CIO after parting company with Patricia Gerrick in September. The department, which had also advertised the post of a private equity director prior to Ms Gerrick’s departure, has asked deputy treasurer, Michael Williamson, to cover the CIO’s responsibilities while it searches for a suitable replacement.

Boeing Company Pension Fund, which plans to increase its exposure to private equity in the medium term, has promoted Janice Llereza to senior manager of alternative investments. Ontario Teachers’ Pension Plan, meanwhile, has promoted Steve Faraone to vice president in charge of private equity investments in the financial services industry.

More information on institutional investors in private equity, and the key contacts at each institution, can be found on Preqin’s Investor Intelligence database.

Continue browsing industry reports, publications, conferences, blogs and more on Preqin Insights