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iCapital Network taps Fortin as managing partner and COO

New York City-based iCapital Network, a fintech platform focused on providing alternative investment solutions, has named Thomas Fortin as managing partner and chief operating officer. Previously, Fortin worked at BlackRock where he was head of retail technology in the BlackRock Solutions group.

Shearman & Sterling adds Wassner as an M&A partner

Law firm Shearman & Sterling has hired Brien Wassner as an M&A partner. Previously, Wassner worked at Milbank, Tweed, Hadley & McCloy where he served as a corporate partner.

O2 appoints Vallee as an associate

O2 Investment Partners has named Joe Vallee as an associate. Previously, Vallee worked at Provision Insurance Group where he was the president and co-founder.

PEF Services hires Del Bello as business development director

PEF Services, a fund administrator for alternative investment managers, has named Richard Del Bello as director of business development. Previously, Del Bello worked at Conifer Financial Services. He also held various positions at Goldman Sachs.

Hyatt heir Pritzker opens Democratic bid to unseat Illinois governor: Reuters

Billionaire investor J.B. Pritzker, heir to the Hyatt Hotels Corp fortune, formally entered a growing Democratic field for Illinois governor on Thursday, labeling Republican Bruce Rauner a "failure" as the state's chief executive, Reuters reported.

PE-backed PCX taps Frisby as president and CEO

PCX Aerostructures LLC, a provider of precision, flight critical and structural assemblies for rotorcraft and fixed wing aerospace platforms, has appointed Jeff Frisby as president and CEO. Frisby is succeeding Alan Haase who left the position. Frisby has been on PCX's board of directors since February 2016 and recently served as the executive chairman of PCX. The company's backers include RFE Investment Partners and 24/6 Capital Partners.

EY beefs up PE team with new hire

EY has named Paul Reading as executive director within the private equity sector of its operational transactions services team. Previously, Reading worked at Antler where he served as chief financial officer.

Enclara recruits Phenneger as CFO

Stephen C. Phenneger has joined Enclara Pharmacia as a chief financial officer. Phenneger is a former operating partner at Cressey & Company. Enclara is a provider of pharmacy management services for the hospice market.

Caisse CIO Roland Lescure departs to begin political career

Roland Lescure, executive vice-president and CIO of Caisse de dépôt et placement du Québec announced he is leaving the Canadian pension fund to enter public and political life. Lescure, who joined the Caisse in 2009, said he wants to play an active role in French and European politics. He plans to share more details of his plans this week. The Caisse has launched a global recruitment process to fill the CIO position. In the interim, Michael Sabia, the pension fund's president and CEO, will assume Lescure’s responsibilities.

Arlington Capital Advisors taps Kraus as MD

Arlington Capital Advisors LLC has named William R. Kraus as a managing director. Previously, Kraus worked at Antares Capital where he served as a managing director.