The University of Southern California is looking to hire a new CIO to lead the investment team at the $2.6 billion endowment. Its former CIO and treasurer, Ruth Wernig, recently left to become CIO of the $3.2 billion California Endowment. In Canada, the C$100 billion Ontario Teachers' Pension Plan is searching for a senior investment analyst in its Private Capital division. The two-year contract role will focus on maintaining strategic relationships with private equity firms around the world, and with select firms for direct co-investments.
As well as those private equity LPs currently looking to fill positions in their investment teams, New York State Common Retirement Fund, Church Pension Group, and Children’s Hospital Boston have recently hired senior private equity staff. Art Wang was named head of private equity of the $129 billion New York State Common Retirement Fund. The public pension fund has a 10% allocation target to private equity. In a lateral move, Sajith Ranasinghe, of New York-based Church Pension Group, transferred to its Hong Kong office and will focus on Asian private equity. The $8.5 billion retirement and health benefits agency for the Episcopal Church set up its Asian office in 2009. Elsewhere, the Children’s Hospital Boston appointed Philip Rotner as its first CIO. His previous post was managing director of MIT Investment Management Company, where he, and one of his fellow directors, was responsible for managing the endowment’s investments in private equity.
More information on institutional investors in private equity, and their key contacts, can be found on Preqin’s Investor Intelligence Database