Former Swiss Re Private Equity Partners senior investment executive Eduard Lemle has become a portfolio manager at AlpInvest Partners, the fund of funds affiliate of The Carlyle Group, according to the firm.
At Swiss Re, Lemle oversaw private equity activities in North America as a senior investment professional in the firm’s New York office. Until 30 June 2007, he was an investment manager at Allianz Private Equity Partners where he began his career, he told Private Equity International.
Lemle: a new hire for AlpInvest
AlpInvest was founded in 1999 and was initially invested exclusively on behalf of Dutch pension asset managers APG and PGGM. But Carlyle bought a 60 percent stake in the firm in 2011 and acquired the remaining stake in June for 2.8 million shares and €4 million cash, PEI previously wrote.
The Netherlands-based firm is fundraising for its fifth secondaries fund, which launched last year and has been targeting $4.6 billion for Asia-Pacific and Western European investments, according to PEI’s Research and Analytics division. It is unclear if the fund closed.
AlpInvest has recently lost some of its executives, including the former head of the US office Iain Leigh who now runs APG’s global private equity operation. Leigh also worked as co-head of AlpInvest’s co-investment team. Megan Bethke, a former AlpInvest executive became a senior portfolio manager at APG. AlpInvest’s former head of secondaries in Hong Kong, Neal Costello, has also left, PEI disclosed in June.