Hermes boosts team numbers

The private equity arm of Hermes Pension Management scents investment opportunities ahead and has increased the size of its team accordingly.

Hermes Private Equity has hired Peter Gissel as partner and Mark Nunny as an investment manager.

Gissel joins from Nikko Principal Investments where he spent nine years as a principal, working on a range of mid-market transactions, primarily in the UK. He was previously a director with PricewaterhouseCoopers in their corporate turnaround and business regeneration practice.

Nunny was previously with KPMG Transaction Services where he spent four years working on due diligence assignments for both private equity and corporate clients. Before this he worked in KPMG’s audit and tax departments.

The two appointments bring the number of investment professionals within the direct investment team at Hermes Private Equity to nine.

Rod Selkirk, chief executive of Hermes Private Equity, said: “The current market environment is challenging but we believe that the next two years will see some excellent investment opportunities.”

Hermes Private Equity has about £2 billion committed to private equity, both as an investor in external private equity partnerships, and through its own direct investment activity. It is currently investing its third fund, HPEP III which has commitments of £300 million.  HPEP III is focused on UK and European middle market buy-out and growth capital transactions.