Altius Associates, a private equity adviser and fund of funds business, has recruited Eric Warner into the newly created role of head of investor relations.
Warner has spent the last 10 years at Mercer Human Resource Consulting in London advising clients – both financial sponsors and corporates – on M&A activity. Prior to this he had a career in investment banking with Société Générale, NatWest Capital Markets and Security Pacific Hoare Govett.
Warner joins Altius as the firm nears a first close on its first real assets fund of funds, which is ultimately hoped to raise between $300 million and $500 million, John Hess, chief executive officer of Altius, said in a telephone interview. The fund will make commitments to energy, infrastructure and timberland funds.
The firm is also plotting its second private equity fund of funds vehicle, likely to come to market during 2011. Its first private equity fund of funds closed two years ago on $100 million.
Altius manages around $18 billion for clients, predominantly via segregated mandates for the likes of the California State Teachers’ Retirement System and the Employees’ Retirement System of Texas. It has offices in London, Singapore and Richmond, Virginia.
“We are delighted to have secured Eric to lead our business development efforts with investors,” said Hess. “We are intent on developing our business and effectively taking the Altius message to clients and prospects globally.”