CPPIB hires Rede origination head – exclusive

Dushy Sivanithy is joining Canada Pension Plan Investment Board’s private equity funds team in London, PEI has learned.

Canada Pension Plan Investment Board has hired the head of origination at advisory firm and placement agent Rede Partners, Private Equity International has learned.

Dushy Sivanithy will serve on the C$356.1 billion ($270.9 billion; €231.7 billion) investor’s private equity funds team in London, according to a source with knowledge of the matter. Sivanithy is understood to have left Rede in late June. It is unclear when he will join CPPIB.

CPPIB declined to comment.

Dushy Sivanithy

Sivanithy joined Rede from Pantheon Ventures in 2016. He oversaw origination activity across the firm’s primary fundraising, secondaries and strategic advisory services, as well as leading the firm’s due diligence processes, reporting directly to co-founders Scott Church and Adam Turtle.

“We are grateful to Dushy for the role he has played at Rede since joining us in 2016 and we wish him well for the future,” Turtle told PEI. “We have utmost respect for CPPIB and look forward to continue working closely with him in his new role.”

Sivanithy also spent 11 months as director at UK development finance institution CDC Group where he was a portfolio director responsible for sourcing, managing and monitoring fund investments in Africa.

CPPIB named Shane Feeney, formerly its senior managing director and global head of private investments, as senior managing director and global head of private equity in April, amid a raft of senior management appointments. The move came in recognition of the fund’s increased focus on emerging markets, having reported a 65 percent rise in such private equity assets over the past financial year.

The Canadian investor made headlines last month after backing a $1 billion restructuring deal that allowed Hermes GPE to continue managing a funds portfolio and the BT Pension Scheme, the UK’s second-largest pension fund, to reallocate capital.

Rede’s Church will relocate to New York in August after seven years of placing funds with US limited partners from Rede’s London premises as it looks to attract more US clients. The firm bolstered its secondaries team with the appointment of AlpInvest Partners’ former head of Asia-Pacific secondaries, Michael Camacho, in July.