Buyside Market Update January & February 2022

Key changes across the world's leading buy side institutions over January and February 2022

Public – Global

Fund News

  • AllianceBernstein’s CIO of concentrated global growth, Mark PHELPS, is to retire at the end of the year
  • Polen Capital has made a deal to buy DDJ Capital Management, a boutique with USD 8.2bln in assets focused on high yield strategies
  • Loomis Sayles has launched a private credit division and hired specialist Chris GUDMASTAD to lead the new arm. Gudmastad, who will be Head of Private Credit, joins from Securian Asset Management, where he was responsible for a private credit portfolio worth USD 6.8bln
  • Schroders has appointed CIO Johanna KYRKLUND and Head of Equities Rory BATEMAN as Co-Heads of Investments
  • Nuveen, the asset management arm of TIAA, has named Saira MALIK as its new Chief Investment Officer
  • Goldman Sachs Asset Management has appointed Katie KOCH as CIO of Public Market Equities and Ashish SHAH as CIO for Public Investing Organisation

People Moves

  • Andrew WHEATLEY-HUBBARD, BlackRock, Head of Global Core Equity, London, is leaving
  • Sarah Bratton HUGHES, Schroders, Global Head of Sustainability Solutions, New York, has joined American Century Investments as Head of ESG & Sustainable Investing, New York
  • Simon ROE, State Street Global Advisors, Co-Head of Active Quantative Equities, Boston, has left
  • Anne SIMPSON, California Public Employees Retirement System, MD, Governance & Sustainability, has joined Franklin Templeton as Global Head of Sustainability
  • Marc FRANKLIN, NN Investment Partners, Head of Flexible Multi Asset, The Hague, has joined Manulife Investment Management as a Managing Director and Senior Portfolio Manager for Multi Asset Solutions in Hong Kong
  • Matt DENNIS, Invesco, Senior Portfolio Manager, Global Equities, Austin, has left
  • Claire MURONI, Societe Generale, Vice President, Quantative Trader, New York, has joined Balyasny Asset Management as a Quantative Trader

Public – Emerging & Frontier Markets

Fund News

  • MacKay Shields has hired five investment professionals from BMO Global Asset Management to manage a newly launched emerging market debt capability. Philip FIELDING and Valentina CHEN will join the as Co-Heads of Emerging Market Debt in London, along with Henry STIPP, Gordana ILIC and Christopher GARCIA
  • HSBC Global Asset Management has acquired Indian asset manager L&T Investment Management for USD 425mln. Additionally the fund has appointed Gordon PIERRE RODRIGUES as CIO for liquidity for APAC, having previously managed the India Fixed Income fund

People Moves

  • Andranik SAFARYAN, Credit Suisse Asset Management, Portfolio Manager, EM Debt, Zurich, has joined MainFirst as Head of Emerging Market Debt
  • Magda BRANET, Candriam, Deputy Head of Emergin Markets Debt, London, has joined AXA Investment Managers as Head of Emerging Markets & Asia Fixed Income
  • Thu Ha CHOW, Loomis Sayles & Company, Portfolio Manager, Asia Strategist, Singapore, has joined Robeco as Head Asian Fixed Income, Singapore
  • Nick SAVASTANO, former Senior Executive Officer for the Middle East at Invesco, has joined Lazard Asset Management as Head of Third Party Distribution MENA, Dubai
  • Lorraine KUO, Invesco, Portfolio Manager, Greater China Equities, Hong Kong, has left
  • David PARK, former Senior Fund Manager at Carmingac, has joined DNCA as a Portfolio Manager for EM Equities in Paris
  • Metin ESENDAL, Renaissance Capital, Director, EM & Frontier Equity Research, London, has joined Millennium as a Global Emerging Markets Financials Analyst

Public – Europe

Fund News

  • Peter WILSON, the head of Allspring’s global fixed income team will retire in the spring and be replaced by Henrietta PACQUEMENT, currently Head of European IG Credit Europe in London. Allspring will merge it’s Global & European Fixed Income teams following her appointment
  • Janus Henderson has made 6 hires for its ESG team, including Dan RAGHOONUNDON, who rejoins as ESG Research Head, after completing a PhD
  • Liontrust has agreed to buy Majedie Asset Management for a total consideration of EUR 140mln

People Moves

  • Sandra CARLISLE, HSBC Global Asset Management, Head of Sustainability, London, has joined Jupiter Asset Management as Head of Sustainability
  • Huayin LIU, Una Seguros, CIO, Lisbon, has joined Aviva Investors as a Senior Portfolio Manager, Liability Driven Credit, London
  • Ben LAMBERT, CPPIB, Managing Director, L/S Sustainable Equity, London, has joined Ninety One as a Portfolio Manager for European Equities
  • Charles FRENCH, Newton Investment Management, Head of Equity Opportunities, London, will join Impax as Deputy CIO for Listed Equities
  • Koen POPLEU, Candriam, Deputy Head of Fundamental European Equity Management, Brussels, has joined Lazard Asset Management as a Senior Fund Manager, Global Equities ESG Strategies, Brussels, along with Monika KUMAR, also formerly with Candriam
  • Natalie FALKMAN, Swedbank Robur, Portfolio Management, Global Equity, has joined Robeco as a Senior Portfolio Manager in Zurich
  • Julia KUNG, Amundi, Portfolio Manager, Global Convertible Bonds, Paris, has joined Groupama Asset Management as Portfolio Manager, Convertible Bonds & Equities
  • Amelia TAN, BlackRock, Director, Sustainable Investing, London, has joined LGIM as Head of Responsible Investment Strategy for Investments
  • Tatiana LAZAREVA, Schroder, Director, Alternatives Distribution, London, has joined Franklin Templeton as a Senior Alternative Salesperson, London
  • Annette LYKKE, Handelsbanken Capital Markets, Equity Analyst, MedTech & FoodTech, Copenhagen, has joined Danske Bank as a Senior Portfolio Manager for International Equities

Private – Global

Fund News

  • Ares has held the final closing of Ares Senior Direct Lending Fund II at approximately USD 8bln alongside an additional fundraise of over USD 2.2bln for dedicate climate infrastructure investments
  • BC Partners Credit has held the final closing of Special Opportunities Fund II and was oversubscribed at USD 1.2bln relative to its USD 750mln target
  • KKR has held the final closing of KKR Health Care Strategic Growth Fund II, a USD 4bln fund dedicated to health care growth equity investment opportunities primarily in North America and Europe
  • PineBridge Investments has held the final close of PineBridge Private Credit II at USD 1.7bln
  • Stonepeak, an alternative investment firm specialising in infrastructure and real assets, has held the final close of Stonepeak Infrastructure Fund IV with USD 14bln committed

People Moves

  • Atish NIGAM, Appoloosa Management, Senior Investment Analyst, New York, has joined Blackstone as a Senior Managing Director & Chief Investment Officer for Blackstone’s Strategic Opportunities fund focusing on special situations investments
  • Tadasu MATSUO, HarbourVest, Managing Director, Co-Head, Japan, Tokyo, has joined the Japan Science & Technology Agency as Head of Global Alternative Investments
  • Jiri ZRUST, Macquarie, Senior Managing Director, Head of Energy Transition, London, has joined CVC as Partner & Head of Infrastructure
  • Allison BINNS, Morgan Stanley, Executive Director, Head of ESG Research for Fixed Income, New York, has joined Angelo Gordon as Managing Director, Head of ESG & Sustainable Investing Strategy, New York
  • Marc FELICIANO, DWS, CIO, Americas Real Estate, has joined Manulife Investment Management as Global Head of Real Estate, Private Markets, in Chicago
  • Adam BATTERSBY and Theofilis KOTRIDIS, Co-Founding Partners at TechFin Investments, London, have joined Apis Partners as Partners to broaden the firm’s investments in Europe and the US beyond their traditional emerging market focus
  • Jennifer Fox BENSIMON, LNK Partners, Principal, Consumer Private Equity, New York, has joined Trilantic North America as a Managing Director

Private – Emerging & Frontier Markets

Fund News

  • Warburg Pincus has closed Warburg Pincus Asia Real Estate Fund with committed capital of USD 2.8bln
  • Pemberton, the European credit manager, has opened an office in Dubai which will be led by Anis GHAMGUI, who joins from BlackRock as Managing Director and Head of Middle East & Africa

People Moves

  • Cicely Yanxia SUN, Allianz Global Investors, Head of China Institutional Business, Beijing, has joined HarbourVest Partners as a Managing Director & Co-Head of the Beijing Office
  • Vesna SIPP, ICG, Head of Client Relations, London, has joined MidEuropa as a Partner & Head of Investor Relations, London
  • Neda VAKILIAN, Amber Infrastructure Ltd, Co-Head, Capital Solutions & Investor Relations, London, has joined Actis as a Managing Director, Global Relationships
  • Lucy CODDINGTON, Macquarie Asset Management, Vice President, Infrastructure Investments, London, has joined Africa50 as an Investment Director for Growth & Lage Stage Investing
  • Isabel DAFINONE, InfraRed Capital Partners, Associate, Infrastructure Private Equity, London, has joined Africa50 as an Investment Associate in Casablanca
  • Kanupriya KAJARIA, Goldman Sachs, Investment Banking Associate, Dubai, has left to join Aliph Capital, Associate, Private Equity, Dubai

Private – Europe

Fund News

  • Steve KOLTES, one of the co-founders of CVC Capital Partners, which has become the largest European private equity firm, will step down in October
  • Alternative asset management firm Hayfin Capital Management has exceeded its EUR 2bln target to invest via its Hayfin Special Opportunities Fund III
  • Levine Leichtman Capital Partners, a Los Angeles-based private equity firm, has appointed Matthias TABBERT as a Managing Director, responsible for establishing and managing its newly opened office in Frankfurt
  • Pollen Street Capital has raised over USD 1.3bln for Pollen Street Capital IV, including additional capital for co-investments and a top-up fund

People Moves

  • Marc CHOWRIMOOTOO, Goldman Sachs, Managing Director, Leveraged Finance, London, has joined Hayfin Capital Management as a Managing Director and Portfolio Manager for Private Credit Investments
  • Matthew KIRSCH, Apollo Global Management, Managing Director, European Private Credit, London, has joined Pemberton Asset Management in an equivalent role
  • Will CUNNEEN, Macquarie Group, Senior Vice President, Infrastructure M&A, London, has joined abrdn as an Investment Director for Infrastructure Private Equity
  • Max KALANDYRETS, Societe Generale, Associate, Investment Banking, London, has left to join Fiera Infrastructure, Associate, London
  • Anas AFZAL, Aberdeen Standard Investments, Fixed Income Portfolio Analyst, Edinburgh, has joined Connection Capital as an Associate for Alternates Fund Selection, London
  • Loubna El YOUSFI, Citi, Investment Banking Analyst, M&A, Industrials Transportation & Power, London, has left to join Intermediate Capital Group as Investment Associate, Paris
  • Sabina VILOGORAC, JP Morgan, Analyst, Leveraged Finance, London, has joined CVC Credit as an Investment Executive

SWFs & Pension Funds

  • Nicole MUSICCO, RedBird Capital Partners, Partner, Toronto, is joining CalPERS as their new CIO
  • Alina MAMAYEVA, PIF, Associate, Private Equity, Riyadh, has joined ADQ as a Senior Associate for Venture Capital in Abu Dhabi
  • Jay Son TAN, Credit Suisse, Vice President, Energy & Infrastructure Investment Banking, London, has joined CPP Investments as a Senior Associate for Infrastructure Investments
  • Ivan DIMOV, Mizuho, Associate, Investment Banking, London, has joined the Qatar Investment Authority as a Senior Associate in the European regional investment team in Doha
  • Harshit KRISHNA, PIF, Senior Investment Associate, Riyadh, has joined Perella Weinberg Partners as Senior Associate, M&A and Private Capital Markets, London
  • Ahmad KHAZALEH, EY, Manager, Dubai, has joined Mumtalakat in the Strategic Investments team in Manama

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