Canada

TPG hired Michael Woolhouse in July to create and lead a secondaries platform pursuing deals in Europe and the US

Lessons learned from PE-backed companies that had the vision to nimbly reinvent their operations in response to the pandemic

Novacap Financial Services I, with a target of C$500 million ($380 million) and hard cap of C$600 million, is expected to hold a second close in Q1 2020.

OMERS Private Equity has recruited Jeff French as a director in its office in Singapore, Buyouts has learned. French joins from Blackstone Group, where he worked for more than six years as a PE investment professional. French operated from Blackstone’s Singapore office with a focus on deal activity in the Asia-Pacific region.

Persistence Capital Partners Fund III, which is targeting C$225 million ($170 million), is expected to wrap up in the first half of 2020, a source said. Initial fund commitments came from a range of limited partners, including both new and returning Canadian institutions.

OMERS hired James Aw to serve in the newly created position of chief medical officer, a person with knowledge of the matter told Buyouts. He will work with in-house teams to support OMERS’ human resources, members services and investment objectives, the source said.