Alex Lynn
A perfect storm of four key issues is hindering efforts to hire for the crucial position.
The firm joins the likes of KKR, CVC and BlackRock in targeting long-term cashflows from market-leading companies.
Peter Miholich resurfaced in March as head of Transition Capital, HgCapital’s newly-formed preferred equity and debt arm.
Investors had a choice of fee and carry options on the $3.5bn fund, with most opting for the traditional two-and-20.
The firm – which was launched in 2010 by four former Danske Capital executives – gathered €138m for KJK Fund III en route to its €250m cap.
North American pensions have the largest appetite for alternatives while their Asia-Pacific counterparts are the least enthusiastic, according to Willis Towers Watson.
The French bank's private investment arm has aborted its plans due to deteriorating economic conditions in the region.
Former corporate M&A specialist Ralf Schremper will lead the bureau.
Fundraising in the continent has seen better days as investors look for strategies with more transparency than traditional private equity fund structures.
Sweta Chattopadhyay was involved in building the £28bn pension's co-investment programme and has been appointed to help increase Bfinance's emphasis on that area.