Nik Morandi to head CPPIB European secondaries team

The former Pantheon secondaries professional will join the Canadian pension giant later this year.

Canada Pension Plan Investment Board (CPPIB) has hired Nik Morandi for its secondaries and co-investment team in London and is expected to head the team focusing on European investments, Secondaries Investor understands.

Morandi, a former Pantheon Ventures partner, will join the pension fund on 1 August as a senior principal, a spokesman for CPPIB confirmed. He will report to Michael Woolhouse, the pension’s head of secondaries and co-investments in Toronto.

A spokeswoman for Pantheon confirmed that Morandi had recently left the fund of funds manager. Morandi joined Pantheon in 2007, according to his LinkedIn profile.

CPPIB has been without a London-based European secondaries and co-investment head since Neal Costello departed for AlpInvest Partners early last year.

Financial News first reported that Morandi had left Pantheon for CPPIB.

CPPIB had C$283 billion ($217 million; €197 million) in assets under management as of 31 December, according to its website.