Pivotal Group hires managing director for private equity

Anton Orlich has joined real estate and private equity firm Pivotal Group as a managing director of its private equity practice, Mr. Orlich confirmed.

Mr. Orlich replaces Jerry Pence who recently left Pivotal Group “to pursue his entrepreneurial aspirations,” a news release states.

Mr. Orlich responsibilities will include overseeing acquisitions, structuring transactions and overseeing portfolio company boards.

“I have a tremendous amount of respect for Francis Najafi (Pivotal’s founder and CEO) and the team he has built at Pivotal, where I will have the opportunity to lead the private equity practice with the skills I refined at CalPERS, Neuberger Berman, and McKinsey & Co.,” Mr. Orlich said in an email.

Mr. Orlich had been a portfolio manager in private equity specializing in co-investments for the $290.4 billion California Public Employees’ Retirement System, Sacramento.

CalPERS officials have not yet replaced Mr. Orlich, said Joe DeAnda, CalPERS spokesman, in an e-mail.

Just prior to joining CalPERS in June 2013, Mr. Orlich worked at the $8 billion Arizona Public Safety Personnel Retirement System, Phoenix. A whistleblower, Mr. Orlich resigned over the valuation of some of the properties in portfolios managed by Desert Troon Cos. Desert Troon managed a real estate portfolio that included properties that had been managed by Pivotal Group.