Heiko Dimmerling has been named chief operating officer at private equity and real estate manager HQ Capital.
He will be responsible for improving efficiency across the firm’s private equity, real estate and direct investments divisions. Dimmerling joins the firm from Triton, where he was most recently partner and managing director.
He takes over the role from Georg Wunderlin, who had been combining it with his duties as chief executive.
In July 2016 HQ Capital held the final close on its latest fund of funds vehicle, the $375 million Auda Capital VII, after nine months of fundraising. It beat its target of $350 million. ACAP VII will allocate about 30 percent to secondaries, 60 percent to primary deals, and around 10 percent to co-investments, a spokeswoman confirmed at the time.
HQ Capital was formed in 2015 as the result of a merger of alternative investment managers Auda, Real Estate Capital Partners and Equita. It has more than $11 billion in assets under management and employs around 140 staff in 11 offices.
– This story has been updated to show HQ Capital’s assets under management are more than $11 billion.