Michael Shedosky joined Azimut Alternative Capital Partners, the U.S. private markets subsidiary of Italian asset manager Azimut Group, as managing director and co-chief investment officer.
Brian Farrell was also named executive director at AACP, said a Nov. 16 release.
Based in New York, Shedosky and Farrell will both report to Jeffry Brown, CEO and co-CIO of AACP, and will be responsible for the sourcing, evaluation and execution of new investments, the release noted.
A spokesperson for Azimut in Italy said Shedosky took on an existing role, while Farrell's position is new. No further information was given.
Shedosky and Farrell were both formerly at Morgan Stanley, where Shedosky served as managing director and head of GP Capital Solutions, while Farrell was an executive director on the GP Capital Solutions team.
A spokesperson for Morgan Stanley declined to comment on Shedosky's and Farrell's successors
AACP was formed in November 2019 to acquire ownership interests in private markets asset managers, including private equity, private credit, infrastructure and real estate.
The Azimut spokesperson said the aggregate AUM of AACP's partner firms is currently more than $20 billion and that AACP's ownership-adjusted AUM is currently at $3.7 billion.
Azimut Group has about $92 billion in assets under management, the release added.