Hermes Private Equity has appointed Lynsey Register as investment manager responsible for researching, analysing and recommending opportunities to invest in private equity funds for Hermes’ private equity clients.
Register also will be responsible for monitoring the ongoing performance of investments in the private equity funds portfolio.
Register spent four years working for private equity funds of funds, first with BlackRock and then with Kedge Capital. She started her career with KPMG where she spent time in the financial services and audit practice, moving on to the strategic commercial intelligence group that focused on deal-related strategic and commercial issues.
“It is a challenging environment but we are using the expertise and experience within our team to position our portfolios to best advantage,” Susan Flynn, director of Hermes Private Equity Fund Investment, said in a statement.
Hermes hired Mark Nunny as investment manager and Peter Gissel as partner last summer for the private equity direct investments side of the business.
Hermes Private Equity has about £2 billion (€2.1 billion; $2.8 billion) committed to private equity both as an investor in external private equity partnerships and through its own director investment activity. It is investing its third fund, HPEP III, which has commitments of £300 million.