PR90623

LONDON and BOSTON, July 14, 2021 /PRNewswire=KYODO JBN/ --

- Top executives from institutional and private investment firms including

Apollo, Makena, Rothschild Foundation and Hoegh Capital Partners join

distinguished Board of global OCIO

Partners Capital (

https://c212.net/c/link/?t=0&l=en&o=3226762-1&h=2451599414&u=https%3A%2F%2Fpartners-cap.com%2F&a=Partners+Capital

), a leading global Outsourced Investment Office, today announced the

appointments of Sanjiv Misra, David Burke and Brad Fried to its Board of

Directors. Martine Holter has been named as a Board Adviser.

Photo -

https://mma.prnewswire.com/media/1573725/Partners_Capital___New_Board_Directors.jpg

Logo - https://mma.prnewswire.com/media/1421509/Partners_Capital_Logo.jpg

These additions to the Partners Capital Board represent the most significant

changes to its membership since 2005 when Lord Rothschild and Sir Ronald Cohen

made their strategic investments in the business. The changes coincide with

last year's generational leadership changes when Arjun Raghavan was appointed

Chief Executive Officer. After 19 years as CEO and Co-Founder Stan Miranda took

the role of Chairman, and Paul Dimitruk became the Senior Partner. Both

continue full-time engagement in the business, with Stan focused on key

strategic initiatives including the build-out of the West Coast office and the

firm's ESG investment strategy, working closely with Kristen Weldon the firm's

global head of ESG and Impact Investing.  

While the working partners continue to retain majority ownership and control of

the firm, the strengthening of the Board with the addition of the external

directors reflects an important milestone in the business.

CEO Arjun Raghavan said, "The next generation of management are taking a 10 to

20 year perspective on how best to reinforce the firm's leadership position in

the growing outsourced investment management business in a manner that

successfully delivers higher levels of investment performance to our global

client base." Raghavan added that "this will require an accelerated transition

from a traditional US endowment model towards a hybrid model that will access

high quality investments through a wider palette of manager partnerships,

co-investments and selected direct investments. This continued evolution to a

hybrid model is what we refer to as PRMEA or the Partners Risk Managed

Endowment Approach."

"As we continue to strengthen our business globally to best serve leading

institutions and families, we are delighted to welcome global investment

leaders Sanjiv, David, Brad and Martine to our Board of Directors," said Stan

Miranda, Co-Founder and Chairman of Partners Capital. "The new Board members

were hand-picked for their experience in helping us achieve our vision over the

coming decade. Their vast experience with distinguished financial institutions

will also help us fortify our corporate governance and internal risk management

processes in the face of growing complexity of the investment world."

The profiles of the new members are set out below:  

-- Sanjiv Misra is an Independent Advisor and Chairman of the Asia Pacific

Advisory Board for Apollo Management, the global private equity and alternative

asset management firm. He also holds several additional board seats and is

President of Phoenix Advisors Pte Ltd, a boutique advisory and principal

investing firm. Sanjiv spent his career in investment banking at Goldman Sachs

and Citigroup, most recently as Head of Citigroup's Asia Pacific Corporate Bank

till 2008. Sanjiv's appointment brings valuable experience and insight on Asian

markets as Partners Capital look to deepen its investments business in the

region.

-- David Burke brings a different perspective on the Outsourced CIO business

which he pioneered as the Co-Founder and Chief Executive Officer of Makena

Capital, based in San Francisco. David also brings extensive private equity and

venture capital leadership experience. He is currently the Chairman and CEO of

Selby Lane, a specialty finance company that provides capital and expertise to

top investment and asset management firms.

-- Brad Fried is the current Chair of the Court of Directors of the Bank of

England and the Co-Founder of private investment firm Grovepoint Capital. Brad

is the former Chief Executive Officer of Investec Bank and current Chair of the

Rothschild Foundation Hanadiv Europe. Brad will bring important macroeconomic

insights to the Board and will provide an eye to good governance across the

organisation.

-- Martine Holter is the Chief Executive Officer of Hoegh Capital Partners

(HCP), a family investment office co-located in London and Oslo which oversees

the investment interests of the Hoegh family. Martine is also a board member of

several Hoegh-controlled direct investments, private and public. Prior to HCP,

she was Chief Operating Officer of venture capital firm Arts Alliance Advisors,

a management consultant at McKinsey & Company in London and an investment

banker at Goldman Sachs in New York and Hong Kong.

Other members of Partners Capital's Board of Directors include independent

directors Rosalind Hewsenian (CIO, Helmsley Charitable Trust), Rich DeMartini

(Vice Chairman, Crestview) and Board Adviser Jeremy Sillem (Managing Partner,

Spencer House Partners). Also on the Board are members of the firm's senior

leadership – Stan Miranda, Arjun Raghavan, Paul Dimitruk, John Collis and

William Fox. The firm's global Chief Operating Officer, Toby Seth, will carry

on as a Board Advisor.    

About Partners Capital

Founded in 2001, Partners Capital is an independent Outsourced Investment

Office (OCIO) primarily serving sophisticated institutions and senior

investment professionals in Europe, North America and Asia Pacific. With

offices in Boston, New York, London, Singapore, Hong Kong, San Francisco and

Paris, the firm is one of the few truly global OCIOs, employing 230 people

worldwide and covering all major asset classes. The firm oversees assets in

excess of $40 billion.[1] Additional information on Partners Capital may be

found at http://www.partners-cap.com.

Contact

Prosek Partners for Partners Capital

Pro-PartnersCapital@Prosek.com

[1] As at March 2021

SOURCE  Partners Capital