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The $311bn pension fund’s former CFO left last month in pursuit of a similar position at her alma mater in British Columbia, Canada.

The former chairman of the $112bn Washington State Investment Board, who is now advising lower mid-market firm Star Mountain, says LPs should focus on diversifying their GP relationships.

Christophe Evain will be replaced in his capacity as ICG’s CEO and CIO by Benoit Durteste in July.

KPMG’s UK head of ESG, James Holley, will join the European mid-market firm in April.

Elm Capital, a London-based advisory firm, has converted to a partnership structure and promoted four of its professionals to partner.

The new recruit, who has previously worked as a private equity investor at Oregon State Treasury, replaces Terrence Purcell, who left the Connecticut pension fund in July 2015.

The firm is currently fundraising for Genstar Capital Partners VIII, which is likely to close by the end of Q2.

The firm has added execs from Blackstone, Alix Partners and Balyasny Asset Management.

Dele Babade will work on both deal origination and value creation within the existing portfolio.

Anthony Greensmith will lead the mid-market firm’s deal activity in the north of the UK.