Commonfund expands London team

Former Cambridge Associates managing director Miriam Schmitter will join the firm as a director.

Commonfund Capital, the private equity, venture capital and natural resources division of Commonfund, has hired Miriam Schmitter as a director in its London office, according to a statement.

Schmitter will assume the position on 1 May and will focus on research and investments in Europe and Africa. She will also contribute to the firm’s investment teams that focus on other private capital markets such as Asia. Schmitter will report to managing director Mark Hoeing.

Schmitter joins the firm from Cambridge Associates where she was a managing director and head of international private equity research in London. She began working at Cambridge in Boston in 2005 and was responsible for private equity fund due diligence and research published by the firm. She also oversaw consultants and associates in the Boston, London and Singapore offices.

Previously, Schmitter was a private equity fund investment manager for Allianz Private Equity Partners in New York and in Munich. She has also worked as an investment professional at Deutsche Bank’s private equity investment units in Frankfurt and as a consultant for Deloitte & Touche.

Earlier this year, Commonfund Capital promoted Cari Lodge to managing director. Lodge joined the firm in May 2013 to oversee the firm’s growth and management of secondaries, Private Equity International previously reported.

In July 2013, Commonfund Capital named Donald Pascal to president. Pascal has been with the firm since 1998 and has been a managing director and co-head of venture capital. He replaced former president Susan Carter, who has continued her role as chief executive officer.

Wilton, Connecticut-based Commonfund Capital was founded in 1988 and recently closed its Commonfund Capital Emerging Markets 2013 fund on $99.77 million, according to PEI’s Research and Analytics division. Commonfund was founded in 1971 and manages more than $25 billion as of 31 December 2013.

Commonfund did not return a request for comment.