Endowment Manager Partners Capital Expands Senior RolesKate Smith
The $17 billion firm creates separate roles for CEO, CIO
Massachusetts boarding school, two museums are among clients
Partners Capital, which manages $17 billion for endowments, foundations and others, expanded its senior management team and named Colin Pan to the new position of chief investment officer.
The firm now has 15 partners and managing directors, Partners Capital said in a statement Monday. Stan Miranda, the chief executive officer, will continue in that role. The senior team expanded from 11, said Todd Fogarty, a Partners Capital spokesman.
Pan, 37, joined Partners Capital in 2010, most recently working at the firm’s London office as head of manager research and portfolio manager specializing in liquid credit and private debt. In the firm’s Boston office, David Shushan was named a managing director and Brendan Corcoran was promoted to partner.
Richard Scarinci, a managing director for Blackstone Group LP, is a partner who will manage several large institutional clients in North America, the firm announced last week.
The moves are designed to “advance our firm’s leadership position in the outsourced investment advisory space,” Miranda said in the statement.
The Berkshire School in Massachusetts and the Museum of Contemporary Art in Los Angeles are among the more recent clients. Other clients include London’s National Portrait Gallery, Milton Academy, the Cancer Research Institute, 11 of the Oxford and Cambridge colleges, Eton College, and Royal Academy of Arts, and the Research Foundation for the State of New York’s University System.
Partners Capital has offices in London, Boston, Hong Kong and elsewhere.