Hermes builds private equity team

As part of plans to expand its private equity offering, Hermes has made two further appointments to its fund and direct investment teams.

Hermes, the pension fund investment manager, has made two further appointments as part of a strategy described by chief executive Rod Selkirk as a “significant step” in the development of its private equity business.

 

The firm has appointed Gillian Brown as a director of its funds team, whilst Shane Feeney has joined its direct investment team as an investment director.

 

Brown joins Hermes from Merrill Lynch Investment Managers where she was a director of MLIM Private Equity Partners. She was previously a senior investment consultant with William M Mercer between 1994 and 2000, advising UK and Australian pension funds. She also spent seven years with the Greater Manchester Pension Fund where she had day-to-day responsibility for their private equity investment programme.

 

Feeney joins Hermes having spent five years at Morgan Grenfell Private Equity where he was involved in several large buyout transactions. He began his career in private equity at CSL Equity Investments in Canada and later joined CIBC Wood Gundy’s M&A team in Toronto.

 

“These are significant steps in the development of the private equity business at Hermes,” said Rod Selkirk, chief executive of Hermes Private Equity, who joined the firm from Bridgepoint Capital in April 2002. “I am delighted to welcome [Brown and Feeney] and look forward to announcing further appointments for this activity in the next few weeks.”

 

Hermes has recently taken significant steps to develop a full stand-alone private equity business. The firm now has over £1bn committed to private equity, both as an active investor in external private equity partnerships, as well as building its own significant direct investment activity, Hermes Private Equity Limited, which recently had a closing of £200m.