Robert Wood Johnson loses private equity executive

Elaine Chan has left the foundation to join the investment office of The Johnson Company, following well-known LP Rick Slocum, who left Robert Wood Johnson in August to become CIO of the family office.

The Robert Wood Johnson Foundation is losing another private equity investor.

Elaine Chan, who worked on private equity investments as a senior investment analyst and an assistant investment manager at the Robert Wood Johnson Foundation, left earlier this month to join family office The Johnson Company as an investment manager. Chan spent four years at the foundation, prior to which she worked as an analyst at Citigroup.

In her new role, Chan will continue to work on investing in private equity funds, she told Private Equity International.

In August, Rick Slocum, a well-known limited partner, left Robert Wood Johnson to become the chief investment officer of The Johnson Company. Slocum joined Robert Wood Johnson in 2005 as director of private investments, where he managed more than $2 billion in commitments to private equity, venture capital, growth equity, distressed investing, opportunistic credit and real assets. In 2009 he was promoted to director of portfolio management, giving him responsibility across asset classes. Michael Aswad now works as the director of private investments.

Slocum played an important role in the crafting of the Institutional Limited Partners Association Private Equity Principles.