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Buy Side Market Update June 2020

Delta has summarised the following key appointments and departures on the Buy Side for June 2020

Public - Global

Fund News

  • Morgan Stanley Investment Management has launched the Global Balanced Sustainable fund, investing in global equities, fixed income and money market instruments while seeking to achieve a “positive impact”, led by Andrew HARMSTONE, Managing Director, Senior Portfolio Manager, Global Multi-Asset team
  • Neuberger Berman has launched the new Global Flexible Credit fund, a relative value strategy investing across sectors and geographies, managed by Dave BROWN, Norman MILNER and Joe LYNCH in the US and Vivek BOMMI in London
  • Polar Capital has held a soft close on its Global Technology fund following inflows of GBP 1.6 billion in three months, leaving the AUM at GBP 4.5 billion

On The Move

  • Russ MORRISON, Barings, President, Head of Fixed Income, Equities & Multi Asset, has joined Aegon Asset Management as Chief Investment Officer, Fixed Income, Chicago, replacing interim Fixed Income CIO Kirk BUESE, who is to retire
  • Desiree FIXLER, ZAIS Group, Managing Director, Head of ESG/Impact Investing, New York, is to join DWS as Group Sustainability Officer, London, reporting to Asoka WOERHMANN, Chief Executive Officer
  • Royal London Asset Management has strengthened its London-based Global Credit team led by Azhar HUSSAIN by hiring Dilawer FARAZI from Loomis Sayles, as a Fund Manager, Emerging Markets, Sunil PATEL from Aviva Investors, as a Senior Credit Analyst, Utilities, Services & Industrials, and Mounia CHAOUI ROQUAI from S&P Ratings, as an Investment Analyst, Broadcasting & Technology
  • Ying HUA, formerly Citadel, Global Equities, San Francisco, has joined Balyasny Asset Management as a Portfolio Manager
  • Igor LIOKUMOVICH, BlackRock, Associate, Global Capital Markets, New York, has joined new multi-strategy hedge fund Eluquin Capital as a Senior Associate, New York
  • Juan Pedro RODRIGUEZ SERRATE, BlueCrest Capital Management, Equity Analyst, London, has joined Asia-focused Ovata Capital in a similar role

Public - Emerging & Frontier Markets

Fund News

  • Pictet Asset Management is to close down its operations in Dubai
  • Schroders has appointed James BARRINEAU as Global Head of Emerging Market Debt Strategy
  • Stewart Investors is to reopen a number of Global Emerging Markets funds which were soft closed to manage capacity
  • William Blair Asset Management has launched a new Emerging Markets Debt Local Currency fund led by Lewis JONES, Dan WOOD, Yvette BABB and Johnny CHEN, with support from the Emerging Markets Debt team led by Marcelo ASSALIN and Marco RUIJER

On The Move

  • Henry STIPP, Columbia Threadneedle Investments, Head of Emerging Markets Debt, EMEA, London, has joined BMO Global Asset Management as a Portfolio Manager, Emerging Markets Debt, London
  • Robert PRAMBERGER, Barwa Bank, Head of Asset Management, Doha, has left to join a Multi-Family Office in Vienna as a Portfolio Manager
  • Greg KONIECZNY, Mobius Capital Partners, Co-Founder & Partner, London, is to retire
  • Tolu ALAMUTU, Tellimer, Head of CEEMEA Financials Credit Research, has joined Gramercy Funds Management as a Senior Vice President, Credit Research Analyst, London, reporting to Philip MEIER, Managing Director, Head of Emerging Markets Debt, London
  • Richard BRIGGS, CreditSights, Emerging Markets Credit Strategist, London, has joined GAM Investments as Investment Manager, Emerging Markets Debt, London, with a focus on Sovereign Credit, reporting to Paul MCNAMARA, Investment Director, Emerging Markets Debt
  • Naomi WAISTELL, Newton Investment Management, Portfolio Manager, Emerging Markets & Asian Equities, London, has joined Polar Capital as a Portfolio Manager, Emerging Markets Stars, reporting to Jorry NOEDDEKAER, Head of Global Emerging Markets & Asia, London

Public - Europe

Fund News

  • Candriam has reached an agreement to acquire the alternative multi-asset management business of Rothschild & Co Asset Management, including funds with around EUR 350 million AUM
  • Mark BARNETT, Co-Head of UK Equities at Invesco, is to leave, with his Co-Head Martin WALKER now becoming sole Head, following a reorganisation led by new Chief Investment Officer Stephanie BUTCHER. In the European Equities team, John SURPLICE has been appointed Co-Head alongside Jeff TAYLOR, who is to retire at the end of the year, while James RUTLAND has joined the team from Schroders

On The Move

  • Bambos HAMBI, Aberdeen Standard Investments, Head of Multi-Manager Strategies, London, is to rejoin Quilter Investors as Chief Executive Officer following the planned departure of Paul SIMPSON later this year
  • Maria QUNDOS, Nordea Asset Management, Portfolio Manager, Multi-Asset, Stockholm, is to join Skandia Investment Management as Head of Asset Allocation
  • Lloyd HARRIS, Merian Global Investors, Lead Credit Portfolio Manager, London, has joined Premier Miton Investors as Head of Fixed Income, with Simon PRIOR, Portfolio Manager, and Przemyslaw PIETRASZEK, Credit Research Analyst, also making the move from Merian with Harris
  • Jon GUMPEL, formerly Brooks Macdonald, Co-Founder, has joined Aubrey Capital Management as a Director, Fund Manager, Edinburgh
  • Anna KARIM, formerly Bank of America Merrill Lynch, Managing Director, London, has joined Hermes Investment Management as an Investment Director, Fixed Income, London
  • Anindya MOHINTA, Moore Capital Management, Portfolio Manager, London, has joined ExodusPoint Capital Management in a similar role
  • Tom ROBERTS, Global Restitution Partners, Head of Distribution, London, has joined Tyrus Capital Alternatives as Deputy Portfolio Manager, Convertible Bonds, London
  • Christine BRUESCHKE has joined Fidelity International as a Sustainable Investing Anlayst
  • Pavel KIRJANOVS, Balyasny Asset Management, Long/Short Equity Associate, London, has left

Private - Global

Fund News

  • AMP Capital has named Boe PAHARI, Global Head of Infrastructure Equity, as the successor to outgoing Chief Executive Officer Adam TINDALL
  • Ares Management has held the first close of its Corporate Opportunities VI private equity fund at USD 3.19 billion, with a final target of USD 9.25 billion
  • Bridgepoint is to acquire the Credit business of EQT, including around EUR 5.6 billion in AUM across Direct Lending and Special Situations strategies, and a team of 27 investment professionals in London, New York, Munich, and Stockholm
  • KKR has reportedly raised over USD 10 billion for its third private equity fund investing across Asia, while also raising USD 698 million for its Asia Real Estate Partners fund, nearly half of the USD 1.5 billion target
  • LBC Credit Partners has raised over half of the targeted USD 1 billion for its fifth flagship fund
  • Schroders has agreed to acquire Asian real estate manager Pamfleet, including USD 1.1 billion in AUM across four funds, and teams in Hong Kong, Shanghai and Singapore

On The Move

  • Pat BOROIAN, LNK Partners, Partner, White Plains, and Lauren BASMADJIAN, Octagon Credit Investors, Portfolio Manager, have joined The Carlyle Groups Global Credit team in New York as Managing Director, Head of Origination, Illiquid Credit, and Managing Director, Senior Portfolio Manager, respectively
  • Lachezar TOLEV, REAL Infrastructure Capital Partners, Vice President, Investment Manager, New York, has left to join Siemens Financial Services as part of the Americas Infrastructure Private Equity team in New York
  • Tariq MELHEM, Varde Partners, Director, Private Equity & Special Situations, London, and Burcu AKDERE AKKUS, Bank of America Merrill Lynch, Vice President, Emerging Markets Distressed & Special Situations Trading, New York, have joined Deva Capital as Vice Presidents, Distressed & Special Situations in London and New York respectively
  • Odelya HAYON, Guggenheim Partners, Associate, Investment Banking, Restructuring, New York, has joined opportunistic credit investment manager Kennedy Lewis Investment Management as a Vice President, New York
  • Jon SAELINGER, Goldman Sachs, Vice President, Financing Group, Natural Resources, New York, and Varun GARG, ArcLight Capital Partners, Associate, Boston, have joined Orion Energy Partners as Senior Associate, New York, and Associate, Houston, respectively
  • Junaid AREFEEN, Morgan Stanley, Associate, Investment Banking, Media & Communications, New York, has joined KKR as an Associate, New York
  • Arras KOROGLUYAN, Barclays, Analyst, Investment Banking, Infrastructure, New York, has joined Plenary Group as an Associate, Infrastructure, Los Angeles

Private - Emerging & Frontier Markets

Fund News

  • AfricInvest has reportedly raised over USD 200 million at the first close of its fourth Pan-Africa private equity fund
  • Beenext, the Singapore-based VC firm, has announced the close of its Emerging Asia fund at USD 110 million
  • East Ventures has held the first close of its eighth fund, targeting USD 88 million to invest in digital companies emerging from the post-Coronavirus lockdown aftermath in South East Asia
  • Central Europe-focused Genesis Capital is targeting USD 150 million for its sixth private equity fund
  • Ninety One and Ethos Private Equity have launched the Ninety One SA Recovery Fund, targeting ZAR 10 billion, to support the South African economy from the effects of the Coronavirus pandemic
  • The Russian Direct Investment Fund, RTP Global, Elbrus Capital and Baring Vostok have announced a joint investment platform, of up to USD 200 million, to support Russian companies affected by the Coronavirus

On The Move

  • Amr ALJALLAL, Jadwa Investment, Managing Director, Private Equity & Investment Banking, has left to join Dr. Sulaiman AlHabib Investment Company as Chief Executive Officer, Riyadh
  • Saurabh RASTOGI, formerly Rattan Finance, Executive Vice President, Head of Structured Finance & Wholesale Lending, Mumbai, has joined ARCH Emerging Markets Partners as Head of India & South East Asia Private Credit
  • Kemal SIKIRIC, IMAP, Partner, South East Europe, has joined Invera Equity Partners as Managing Partner, Zagreb
  • Dominika KOZLOWSKA-LOGIN, Mid Europa Partners, Principal, Warsaw, has left to join TDJ Pitango Ventures as Managing Partner, Warsaw
  • Roshal RAMDENEE, Standard Bank, Senior Vice President, Principal Investments, Johannesburg, has joined Vantage Capital as an Associate Partner, Johannesburg
  • Tunji NELSON, formerly The Abraaj Group, Investment Professional, has joined DEG as an Investment Professional, Private Equity, Lagos
  • Arjun VIKAS, Rothschild, Associate, Investment Banking, Mumbai, has joined Falcon Edge Capital as an Investment Professional, Bengaluru
  • Jad TAMIM EL JARKASS, The National Investor, Associate, Abu Dhabi, has left to join Rothschild as an Analyst, Dubai
  • Marius LEPESKA, The Rohatyn Group, Private Equity, London, has joined INVL Asset Management as a Private Equity Analyst, Vilnius
  • Nilukshi JAYAWARDENA, Cerberus Capital Management, Senior Analyst, Colombo, has left to join the International Finance Corporation as an Investment Analyst, Colombo
  • Can TELKES, Bank of America Merrill Lynch, Analyst, Investment Banking, Istanbul, has joined Actera Group as an Analyst, Private Equity, Istanbul

Private - Europe

Fund News

  • Amber Infrastructure Partners is to open an office in Vienna led by Heimo STAUCHNER, who has joined from Erste Group Bank where he headed the Financial Sponsors and Energy groups, as well as leading M&A for Energy and Infrastructure. Also joining Amber are Max HEILGEMAIR, MEAG, Senior Investment Manager, Illiquid Assets Equity, in Munich, Christian ROY, PwC, Senior Advisor, Central & Eastern Europe, in Prague, and Jedrzej SANOK, Rothschild, Associate, in Warsaw, while Charlie SCOTT, Investment Director, Digital Investments, has left to join Liberty Global in London
  • EQT has announced the opening of its Paris office, naming Nicolas BRUGERE, who joined in January from PAI Partners, as Head of France, with Thomas RAJZBAUM, who joined in October 2019 from The Carlyle Group heading up Infrastructure for France. Additionally, Rania BELKAHIA, Afrimarket, Co-Founder & CEO, has joined as a Deal Partner, EQT Ventures, and Sebastien MORIZOT, Colony Capital, Vice President, has joined as a Director, Real Estate
  • Stafford Capital Partners has acquired the private equity business of Robeco, adding around USD 1.5 billion in AUM and a team of 11 in Rotterdam

On The Move

  • John HARPER, Inflexion Private Equity, Partner, London, has joined H.I.G. Capital as Managing Director, and Head of the London LBO team
  • Aadit PRASAD, Morgan Stanley, Vice President, Special Situations Group, Distressed & Private Credit Investments, London, has joined Castlelake as a Director, Private Equity & Credit, Specialty Finance & Distressed/Special Situations, London
  • Milan PAVLOVIC, Terra Firma Capital Partners, Principal, Real Estate, London, has joined Ovington Group as a Director, London
  • Lars LUCKING, Fortress Investment Group, Director, Portfolio & Asset Management, London, has joined PIMCO as a Portfolio Manager
  • Adrian GIMENEZ, Hines, Director, Real Estate, Portfolio Management, London, has joined Neuberger Berman as a Vice President, Secondary Investments, Real Estate, London
  • Amina LAMLOUM, Eurazeo, Senior Associate, Paris, has left to join KKR as a Principal, Paris, while Romain MOMBERT, Arma Partners, TMT M&A & Growth Financing Advisory, London, has joined Eurazeo as an Associate, Paris
  • Niclas THAMM, KKR, Associate, London, has joined Bain Capital as a Private Equity Associate, London
  • Anastasia SHVETSOVA-LEGANGNEUX, Stonehage Fleming, Senior Associate, Direct investments, Venture Capital, London, has left
  • Anton VOLOVYK, formerly Horizon Capital, Associate, Private Equity, Kiev, has joined Active Partners investment team in London
  • Aliya Yasmina AHMED, BP, Private Equity Investment Analyst, London, has joined Bowmark Capital as an Investment Executive, London
  • Zoe CARVER, formerly JP Morgan, Analyst, Investment Banking, Diversified Industries, London, has joined Bain Capital as a Private Equity Associate, London

SWFs & Pension Funds

Fund News

  • Apollo Global Management and Mubadala have announced the launch of Apollo Strategic Origination Partners, a direct lending origination platform with a target of providing USD 12 billion in financing over the next 3 years
  • David SCUDELLARI, Global Head of Credit Investments at PSP Investments, has additionally been appointed Global Head of Private Equity Investments, while Guthrie STEWART, Global Head of Private Investments, has been appointed Vice Chair of the Investment Committee

On The Move

  • Shireen ALI, Africa50 Infrastructure Fund, Senior Investment Officer, Casablanca, has joined PSP Investments as a Director, London
  • Mohamed TOMALIEH, National Commercial Bank, Senior Associate, Equity Research, Retail, Food, Cement & Real Estate, Riyadh, has joined the Public Investment Fund as an Assistant Vice President, Local Equity Funds, Riyadh
  • Stanislav TIMOSHENKO, Desautels Capital Management, Fixed Income Strategist, Montreal, has joined CPP Investments as an Analyst, Power & Renewables, Toronto

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