Altius hires US investment chief(2)

The firm has appointed William Charlton, a lecturer at the University of Texas, who will take on some of the responsibilities of former partner Garth Troxell.

Altius Associates has brought on William Charlton as a partner to head its US investments business from the firm’s Richmond office, the firm announced in a statement Tuesday.

Charlton will take on a new role at the firm that would reflect Altius’ US client base, as well as opportunities for growth in the country, according to the firm. He started at the firm on 1 March. 

The new role will include some of the responsibilities of former Altius partner Garth Troxell, who left the firm last year. Troxell had led the firm's US buyout effort, and also helped Altius advise a number of public pension systems, including Texas Employees’ Retirement System. 

“Garth had been US buyouts, Billy’s mandate will be broader. But US buyouts will be a large component of it,” said Brad Young, Altius' head of investments. “Billy will work with clients, and he’ll be a member of the investment team.”

It is unclear whether Troxell has taken on a new position since leaving the firm. He had not responded to a request for comment through his LinkedIn profile as of press time.

Prior to joining Altius, Charlton had been a senior lecturer of finance at the University of Texas, where he had also worked as the associate director of the Hicks, Muse, Tate & Furst Center for Private Equity Finance. He had also worked as a specialist consultant at BH Equity Research, and founded funds of funds manager Context Private Equity Alpha, according to Altius.

“He brings more than just an academic look to the firm, he’s built fund of funds … it’s the work in the classroom in addition to his real life experience that we thought would be a good addition to the Altius toolkit,” Young said. 

Altius, which has offices in Richmond, Virginia; London and Singapore, manages approximately $21 billion in assets, according to a statement.