Standard Life Investments (Private Equity), the international fund investment arm of Edinburgh-based insurer Standard Life, has made an appointment to expand its US operation.
The group has hired Robert Hatch to work in its Boston office as a vice president. He will report to managing director Dan Cahill, who joined the firm in April 2003 after the Boston office opened in 2002. Another member of the team is John Guinee, an investment director who came on board in August 2003.
Hatch joins after completing an MBA at Tuck School of Business, Dartmouth. Prior to doing the degree, he was with Argo Global Capital, a venture capitalist based in Lynnfield, Massachusetts.
Jonny Maxwell, chief executive of Standard Life’s private equity unit, said in a statement that the group was “on track” to replicate in the US the success it has enjoyed in Europe, where it was “a leading investor in private equity funds and co-investments” with over $3 billion of assets under management.
In January 2004, Maxwell’s group held a final close on European Strategic Partners II (ESP II), its second dedicated fund of funds. Launched in October 2002, the fund raised €1.09 billion ($1.38 billion) from investors in the UK, continental Europe, North America, Asia and the Middle East.