US fund of funds hires new London head

Northgate Capital, the California-based private equity funds of funds manager, has launched a new London office headed by Hosein Khajeh-Hosseiny.

Based out of its new London office, Hosein Khajeh-Hosseiny has joined US fund of funds manager Northgate Capital as managing director and head of global private equity investing.

As well as managing the London office, Khajeh-Hosseiny will lead research, investment methodology and processes for Northgate’s global private equity arm.

Khajeh-Hosseiny has been recruited from the McKinsey Investment Office (MIO), where he was head of global private equity investments. MIO is a wholly owned investment subsidiary of consulting giant McKinsey & Co and has around $3 billion under management.

Prior to his stint at MIO, Khajeh-Hosseiny was a senior management consultant in the private equity and asset management practices of McKinsey & Co. During his time at the organisation, he advised global investment firms and government agencies on their investment strategies, acquisitions, alliances and restructurings. He also led McKinsey’s Excellence in US and European Private Equity initiative.

Based in Danville, California, Northgate Capital has over $500 million in committed capital and aims to help institutions and high net worth individuals to achieve top quartile returns from their alternative asset investments.

In a statement, Northgate said the appointment of Khajeh-Hosseiny comes at a time when the firm is seeking to expand its network of relationships with strategic partners. The relationships are designed to increase access to investment capital and top private equity managers.

The firm also announced that it had recruited David Laycock as an associate. After previous spells as an associate at US mid-market private equity firm Charlesbank Capital Partners and a business analyst at McKinsey & Co, Laycock recently graduated from Harvard Business School. In his new role, he will assist Northgate’s managing directors in the due diligence and investment processes.