Alex Lynn
Dominic Spiri's departure follows the appointment of Vivek Ahuja, former deputy group CFO of Standard Chartered, to the role of group chief financial officer in January.
Stéphane Theuriau joins as managing partner and head of RE following more than eight years at French property developer Altarea Cogedim.
The firm plans to add one or two US managers to its platform to diversify the business.
Private equity produced a 10.7% annualised return across 21 state pensions, outperforming public equities, according to research from advisor Cliffwater.
The Canadian pension giant had C$9.6bn invested in emerging markets private equity as of 31 March, up from C$5.8bn last year.
The programme – which will comprise two funds and launch in the first half of next year – could drive the fund's annual PE deployment to $13bn.
The vehicle will be Capdesia's first since it was launched by former executives at US private debt firm CapitalSpring last year.
The use of debt to delay capital calls saw HVPE’s distributions outweigh investments last year.
Virginia Doble was responsible for raising approximately £650m across Sovereign Capital’s previous two private equity funds.
Private equity and infrastructure account for up to 5% of the Scottish Widows and Lloyds Banking Group assets managed by Standard Life Aberdeen.