The New York City Comptroller’s Office has named Alex Doñé, who has headed up the private equity emerging manager program for two years, as private equity chief for the roughly $158 billion city retirement system.
The hiring of existing Bureau of Asset Management staffer Doñé ends a more than year long search, Eric Sumberg, spokesman with the Comptroller’s office, confirmed Friday.
[contextly_sidebar id=”1b7hdUagHQFFtpAFrPD6m8ZuLRywLZoa”]Sumberg declined to divulge Doñé’s salary as private equity head. Doñé will lead the system’s almost $10 billion private equity program.
Doñé, who has worked in the comptroller’s office for over two years, has been head of the emerging managers program since 2012.
Doñé joined the New York City Bureau of Asset Management, part of the Comptroller’s office, in 2012 from the U.S. Department of Commerce’s Minority Business Development Agency. At the agency, Doñé helped minority-owned businesses secure nearly $11 billion in contracts and capital, peHUB reported. Doñe was appointed to that role by President Barack Obama.
Doñé started his career as an investment banker at Merrill Lynch and also worked in KPMG’s corporate finance unit. He also worked at Clearlake Capital Group, according to a statement from the Comptroller’s office, where he was a consultant and retail industry special advisor from 2007 to 2009.
Doñé replaces former private equity chief Barry Miller, who worked under former chief investment officer Larry Schloss. Miller left last year to join private equity secondaries shop Landmark Partners.
In May, Stringer tapped Scott Evans as chief investment officer of the pension system at an annual salary of $224,000. Evans was a 27-year veteran of the Teachers Insurance and Annuity Association of America-College Retirement Equities Fund.