Denver head Anthony Shontz has replaced Adam Howarth as co-chief of private equity integrated investments Americas, Secondaries Investor has learned.
The Deutsche spin-out has brought on a New York-based partner and three other investment professionals.
The deal involves the Polish private equity firm's 2010-vintage fund and investors have the option to sell or roll over into a new vehicle, Secondaries Investor has learned.
The $104bn US pension has acquired interests in eight funds, having previously been an active seller on the secondaries market.
The buyout firm is no longer proceeding with its proposal to move assets from Apax Europe VII into a continuation vehicle, Secondaries Investor has learned.
Nicolas Lanel, managing director and head of European secondaries advisory at the investment bank, will be replaced by Lea Lazaric Calvert, Secondaries Investor has learned.
The Swiss niche secondaries firm took 10 weeks to raise its previous vehicle which held a first and final close on €406m in 2015.
This is the first dollar-demoninated fund for the tail-end specialist, which attracted US and multinational institutional LPs to its latest vehicle.
The Canadian investor had brought a portfolio of private equity fund stakes to market in the first half of this year.
Details of the firm's latest secondaries vehicle were revealed in documents prepared for PSERS, which made its debut commitment to a fund managed by the GP.