Justine Wardrop, a senior manager of investor relations at CVC Capital Partners in Hong Kong, left the firm last week to return to the US, a source close to the matter confirmed to Private Equity International.
Wardrop left for personal reasons and her next move in the US is unknown, PEI’s source explained. She was not at the firm for long, although the source did not confirm her exact tenure.
CVC declined to comment on the matter.
At CVC, Wardrop worked on the firm’s Asia fundraising and investor relations efforts from the Hong Kong office, under senior managing director Hemal Mirani. Mirani continues in her role, but no replacement for Wardrop has been identified.
While Wardrop was not a senior executive at the firm, her departure comes as the firm is gearing up to close its fourth Asia-focused private equity fund, which had raised $3 billion as of late February, on track to meet its $3.5 billion target, PEI reported at the time.
CVC later garnered $100 million more in commitments from two Japanese banks, Sumitomo Mitsui Trust and Japan Bank for International Cooperation.
As Wardrop stepped down, CVC bolstered its communications capabilities, poaching Carsten Huwendiek from Pantheon as its global head of communications – a newly created position within the firm, PEI revealed in March.
Based in London, Huwendiek is responsible for CVC's media relations, investor communications, events and branding, reporting to Steve Koltes, CVC co-founder and co-chairman, who oversees the firm's fundraising and investor relations teams from his base in Switzerland.
CVC has been active on the fundraising side, closing its most recent global buyout fund last year. The vehicle, which was heavily oversubscribed, held a final close on €10.5 billion, leaving the firm with more dry powder than most of its European counterparts.
The firm is headquartered in London, with 20 offices globally and has historically secured about $50 billion in commitments from investors worldwide.