The focus of $69.4bn pension fund State of Michigan Retirement System's private equity division is to tilt slightly toward the mid-market and lower-mid-market to diversify its exposure to large funds, according to its private equity review published in March.
UCL Technology Fund closed on £50m in January 2016 and is now fully deployed
All five lawyers have joined from Clifford Chance and will focus on mandates for private equity firms
Deal is part of a buy-and-build strategy pursued by the GP to strengthen Italcanditi's market position
Tavola already owns Frische und Service's Swiss market peer Ceposa, which it acquired in 2018