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Gammage replaces former head Karen Simon, who took up the newly created position of head of director advisory services in April.

The fund of funds manager has hired John Cancellieri to focus on primaries, secondaries and co-investments in its Boston headquarters.

The oversubscribed fund, raised by alumni from Brazos Private Equity Partners, reflects the importance of a track record and team experience when raising a debut private equity fund.

The investment management giant has hired a veteran of private equity and infrastructure investing in Rotterdam.

Horbach's appointment is a milestone for Carlyle - she is the first woman to lead its US buyouts team - and for the private equity industry.

Stephen Blyth had sought to improve returns at the fund, which invested about one-sixth of its portfolio in private equity as of September 2015.

John Brooks, former chief executive of Joslin Diabetes Center, will help to identify new investment opportunities.

Noble will retain her role at the DFI as well as working with UK bank-backed BGF, a growth capital investor.

The appointment follows an annual report revealing the UK DFI made the highest level of investment in its history last year.

The London-based placement agent aims to almost double its team in New York, from 12 to 20, by the middle of next year.