Industry News
The managing director will focus on enhancing the firm’s approach to value creation within its portfolio companies.
The transaction is slated to close in the third quarter.
The new role will continue Variant’s expansion into the institutional market.
The pension plan is seeking its next executive director following the dismissal of William Neville last year.
He previously interned with the pension plan and most recently served at an investment consulting firm.
He will transition his management and investment responsibilities over the course of this year.
Bernie Reidy serves as managing director and national endowment and foundations executive and Michael Strauss is a managing director and senior investment strategist at Bank of America Private Bank. Both Reidy and Strauss took the time to answer five questions with FIN News.
She joins with experience from two New York pension funds.
Fund IV marks the firm’s largest today at $309 million in equity commitments.
She became the first woman to hold the position in the retirement system’s history in 2022.