Alcatel-Lucent PE official Anderson to join TIFF

Chris Anderson, senior manager of private equity at Alcatel-Lucent Investment Management Corp, is leaving the company to take on a private equity role at The Investment Fund for Foundations (TIFF), according to a spokeswoman at TIFF and a “friends and family” email from Anderson.

Anderson worked for six years at ALIMCO, the in-house asset management firm that invests on behalf of Alcatel-Lucent’s U.S. pension and post-retirement benefit trusts. Before Alcatel-Lucent, he spent three years at SVG Capital as an investment associate, from 2006 to 2009, according to his LinkedIn profile.

Anderson’s last day is May 22 and he starts at TIFF on June 1, the email said.

It’s not clear what his new title will be. He will work on investments in private equity, venture capital, special situations and real assets, he said in the email.

TIFF was founded in 1991 to manage the investments of non-profit organizations, according to its website. As of Sept. 30, 2014, TIFF worked with about 800 non-profits managing more than $11 billion in assets. The organization had about $2.5 billion in private investment assets as of Jan. 1, 2015, the website said.

TIFF is led by Richard Flannery, chief executive officer and interim chief investment officer.

Other staffers who work on private markets include Stephen Vicinelli, managing director and deputy chief investment officer, and Managing Director Trevor Graham.

It’s not clear if ALIMCO is directly replacing Anderson. The company did not return a request for comment emailed to a general media address.

As of Dec. 2014, Alcatel-Lucent’s retirement plans had $1.7 billion of assets invested in private equity, according to the corporation’s 2014 annual report. The pension’s target allocation range as of Dec. 31, 2014, was 7 to 13 percent for private equity, the annual report said.

Photo courtesy of Shutterstock