Altius reshuffles management team
Altius Associates has reshuffled its executive management team, promoting three executive directors to the role of co-CEO.
John Hess, Altius's co-founder and CEO since 1998, was appointed executive chairman of the firm.
Three existing executive directors will together hold the role of CEO with immediate effect. Jenny Fenton, current chief operating officer, Brad Young, head of investments, and Eric Warner, head of relations, will each carry the title of co-CEO. They will retain responsibility for their existing areas of expertise.
The trio will undertake the day-to-day operational management of the firm, leaving Hess to focus solely on client development and firm strategy. Particular attention will be given to the development of the firm's geographical footprint.
Altius currently advises and manages around $24bn in private equity, co-investment and real estate funds.
More on People
CapMan Managing Partner Johan Pålsson to depart
Pålsson resigns from management effective immediately; to stay as buyout partner until February 2024
Capvis grapples with EUR 1bn fundraise amid team exodus
Five partners for the Swiss-based GP leave firm in last two years; sponsor started sixth buyout fundraise in early 2023
Golding adds insurance expertise with hire for institutional clients team
Tim Ickenroth joins as director with prior experience at BNP Paribas and UniCredit
Travers Smith bolsters funds practice with hire from Proskauer
Tosin Adeyeri joins with particular experience in secondary portfolio transactions
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater