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The hiring of ex-WIL Research Company chief executive David Spaight comes one week after the New York-based healthcare and industrials investor closed a $1.3bn fund.

The placement agent hired Joan Tan from Diamond Dragon Advisors in Shanghai to oversee fund placement with Asian LPs.

The Connecticut system of pension funds, which allocates 9.2% of its $30bn in assets to private equity, named Laurie Martin deputy CIO to replace Deborah Spalding, who became CIO in July 2015.

Following ‘Phase I’ of an internal review, Electra Private Equity says it is developing internal resources to assume all operating responsibilities.

Jason Gull will retire at the end of the year from both the global investment firm and the industry, sister title Secondaries Investor has learned.

If you can keep up with the pace of change, working in private equity-backed business can be a rewarding experience, says our anonymous financial controller.

Hamilton Lane invested in and partnered with private equity data provider Bison to launch Cobalt, which offers separate tools for LPs and GPs.

The growth-oriented firm raised $410m after fundraising for about three years.

Tim Recker has been running the $9bn private markets portfolio for the University of California Regents.

Bruce Zimmerman announced his resignation Monday with no immediate successor to the top role at the $35.9bn endowment, which has a 32% allocation to private investments.