Northern Trust said Wednesday that David Sullivan was named insurance practice leader for the Americas. He will replace Sheldon Woldt who was named earlier this year as head of the Middle East for Northern Trust. Sullivan will also continue as head of private equity administration in the Americas, Northern Trust said.
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Have you got a nose for picking out and securing investment in the best international venture capital and buyout fund managers? This week’s job posting is at international asset manager Northern Trust which is seeking to add a mid-level professional to be part of an eight person team to source, review, analyze, and close primary investments in US, European and Asian venture capital funds and to a lesser extent, in secondary transactions.
Northern Trust said Monday that Robert Morgan was named to lead the Northern Trust Alternatives Group. The unit will develop and manage all alternative investment products, including hedge and PE funds of funds, for institutional and personal clients. Morgan was previously director of private equity at Northern Trust.
Northern Trust launched a portfolio reporting and monitoring solution for private equity fund-of-funds managers. The tools will allow its users to track fund of funds holdings and valuations in detail.
Northern Trust Global Investments has named John Krieg as managing director for the European and MENA regions. He previously was based in Chicago as Northern Trust’s head of global investment product management.
Fundraising Updates: Snow Phipps, Baird, Northern Trust, Thayer Hidden Creek, Rockland, Maranon Mezz
The following seven pieces of fundraising news have been culled from recent SEC filings:
Thayer Hidden Creek, a Washington, DC, and Minneapolis-based lower middle market private equity firm, is raising its second fund. Thayer Hidden Creek Partners II, L.P. has a target of $350 million. The fund has raised $84.8 million from 10 investors to date. Berchwood Partners is listed as a placement agent to the fund.
Baird Capital Partners is raising its fifth buyout fund. The fund was formed in 2008, and its target is listed as $376.2 million. The firm has closed on $130 million as of February 8. Thomas Capital Group, Inc. and Robert W. Baird & Co. itself have been listed as placement agents to the fund.
Rockland Capital is raising a fund called Rockland Power Partners LP. The vehicle was formed in 2008 and has collected $100.4 million in commitments from 19 investors as of February 9. The fund has a $500 million target. Berchwood Partners is serving as the firm’s placement agent. Rockland, based in Houston and New York, was formed in 2003 to acquire and develop selected investment opportunities in the North American and European power and energy infrastructure markets.
Northern Trust has named James MacDonald as chief investment strategist. He previously was director of equity research.