GIC hires former Pantheon executive

The $344bn sovereign wealth fund has tapped a secondaries professional to beef up its investment capabilities.

The Government of Singapore Investment Corporation (GIC), the world’s eighth largest sovereign wealth fund, has hired a former Pantheon Ventures secondaries professional as it expands its secondaries team.

Jeremy Weisberg joined the sovereign wealth fund in October as an assistant vice-president in the fund’s New York office, according to his LinkedIn profile.

Weisberg is a secondaries specialist with about seven years of experience closing deals including limited partnerships interests, fund recapitalisations, GP restructurings, team spin-outs, hedge fund side pockets and direct assets, according to his profile.

Weisberg was previously at Pantheon where he was a member of the global secondaries investment team for four years.

PE Hub first reported on Weisberg joining GIC.

The sovereign wealth, which manages $344 billion in assets, has been building up its secondaries capabilities in recent years, hiring former Newbury Partners investment professional Brian Kapetanis last year, Secondaries Investor reported.

GIC allocated between 11 percent and 15 percent of its portfolio to private equity as of 1 April 2013, according to an investment report.

GIC did not immediately return requests for comment.