Private Equity
Gary Loveman is stepping down as Chairman and CEO of Caesars Entertainment Corp. He will be replaced by Mark Frissora who is joining Caesars as CEO designee and will become CEO on July 1. Loveman will continue to serve as Chairman of Caesars Caesars Entertainment and of Caesars Entertainment Operating Co. Frissora is the former CEO of Hertz Global Holdings Inc.
7 min read · 05 February 2015
The California Public Employees’ Retirement System (CalPERS) said Wednesday that Paul Mouchakkaa was named CalPERS’ Senior Investment Officer for Real Assets. He takes over the position on March 2 and succeeds Ted Eliopoulos, who was named CalPERS Chief Investment Officer in September. Mouchakkaa joins CalPERS from Morgan Stanley Real Estate investing where he is currently an MD.
2 min read · 05 February 2015
Kevin Warn-Schindel has joined U.S. private markets specialist HarbourVest Partners as a managing director. He will be responsible for HarbourVest's real assets investment program, which is focused on energy, infrastructure, natural resources and real estate. Warn-Schindel was previously the group head and managing director of OPTrust Private Markets Group, the private equity and infrastructure investment arm of Canadian pension fund manager OPTrust. Prior to OPTrust, he worked for Macquarie Bank and RBC Capital Markets. Warn-Schindel was interviewed by peHUB Canada in August 2013 about OPTrust's private investment strategy.
3 min read · 04 February 2015
Lululemon Athletica Inc founder Chip Wilson said he is quitting the board of directors of the yogawear retailer, hit nearly two years ago by a major recall, because the company was back on track with a strong management team, Reuters reported. In 2014, Wilson sold about half of his interest in the Vancouver-based company to U.S. private equity firm Advent International for US$845 million. A spokesman for Wilson said he has no plans to trim his remaining 13.75 percent stake.
2 min read · 03 February 2015
Mike Magluilo has rejoined Baird's global investment banking business as a managing director on its technology and services team. Magluilo will be based in Baird's Boulder, Colorado office. He previously worked at Baird from 2004 to 2009, serving as a senior investment banker in London.
3 min read · 03 February 2015
This week's jobs include VP of investment ops at Ares Management, principal of infrastructure at CPPIB and an investment director at Pensions Infrastructure Platform. Also, Morgan Stanley seeks an associate for its private equity Asia fund.
2 min read · 03 February 2015
Evercore is teaming up with newly formed, Australia-based Luminis Partners to provide cross-border merger and acquisition work. Luminis was formed recently by Ron Malek, Simon Mordant and Jamie Garis to provide M&A, restructuring and capital markets advice to corporations, private equity firms, institutions and government bodies. The partnership includes an investment by Evercore into Luminis.
5 min read · 03 February 2015
Adams Street Partners LLC has named Jeff Diehl, who heads investments at the firm, as managing partner. Also, ASP CEO Bon French will transition from that role to chairman. The changes become effective July 1, 2015. French will remain full-time in his duties at ASP until December 31, 2017. Diehl first joined ASP in 2000.
4 min read · 02 February 2015
Oak Hill Capital Management has hired Steven G. Puccinelli as a partner. Previously, Puccinelli was a managing director at Investcorp International. There he served as head of private equity for North America and Europe.
3 min read · 02 February 2015
H.I.G. Capital has hired Riccardo Dallolio as managing director and co-head of European Real Estate from AXA RE, where he was head of alternatives and special situations. Dallolio will be based in London and share leadership responsibilities with Ahmed Hamdani. H.I.G. Capital's real estate platform focuses on opportunistic real estate investments.
3 min read · 02 February 2015
