mast image

Special Report

Impact investing


Hermes boosts private equity team

Related Categories

UK – Hermes’ private equity arm has hired an investment director from CVC Capital Partners.

Hermes, the asset management firm owned by the 48.8 billion-euro British Telecom Pension Scheme, said in a statement that it has hired Justin Ward as a director.

It said Ward, 34, joins from CVC where he spent seven years.

Hermes Private Equity said that it now has almost one billion pounds (1.42 billion euros) committed to private equity. The commitment is as an active investor in external private equity partnerships, and through its own direct investments.

The division’s chief executive Rod Selkirk said: "We are delighted that Justin is joining us, his experience will be invaluable in developing our business."

Hermes recently closed its direct private equity fund, HPEP I, at 200 million pounds. The fund is focussed on the UK and European mid-market medium sized buy-out market.

In June, Hermes made hired Gillian Brown, a director of Merrill Lynch Investment Managers’ private equity business and Shane Feeney from Morgan Grenfell Private Equity.

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2546

    Asset class: Real Estate Equity Fund (non listed).
    Asset region: Europe.
    Size: Total CHF 600m, approx. CHF 100-300m per fund investment.
    Closing date: 2019-06-28.

Begin Your Search Here