The California Public Employees’ Retirement System (CalPERS) has hired Mahboob Hossain as a senior portfolio manager to oversee co-investments made alongside private equity fund managers, Joe DeAnda, a spokesman for the system told peHUB. Hossain started in the role September 1 this year.
Hossain, who reports to Real Desrochers, senior investment officer in charge of private equity, will lead a new team of four people. It’s not clear if the co-investment team will be pulled from within CalPERS or hired from outside.
Other senior portfolio managers at CalPERS include Scott Jacobsen, who oversaw co-investments on an interim basis and who also oversees underwriting, Christine Gogan who oversees investment management and Sarah Corr who heads up risk, research, analytic and performance. CalPERS manages some $300 billion in assets. Since 1990, CalPERS has committed $2.7 billion to co-investments and other direct investments.
Hossain previously worked for more than seven years as a private equity portfolio manager at the California State Teachers’ Retirement System.
(Edited by Joby Puthuparampil Johnson)