Kent Robbins has been named head of unlisted assets at the A$24.5 billion (US$24.53 billion), UniSuper, Melbourne, Australia.
Mr. Robbins' appointment is part of a restructuring at the fund; he will oversee its A$1.58 billion of private equity and infrastructure assets.
Private markets chief Gautam Rajamani and senior private markets analyst Brad Green, have left the fund.
With the reduction in the internal team, UniSuper is now free to appoint private markets advisers whose qualifications match the deals at hand, said John Pearce, chief investment officer.
“With private markets, particularly on the infrastructure side, we wanted to move towards a model where we use specialist advisers on a case-by-case basis, rather than build a big internal team,” he said.
Mr. Pearce said the restructuring would not extend to the fund's strategic weights in infrastructure and private equity. “We're more opportunistic in this space, where you have a limited capability to take on illiquid assets,” he said.
Simon Mumme is editor of Investment magazine, Sydney.