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Tim Recker has been running the $9bn private markets portfolio for the University of California Regents, which invests in secondaries and has also sold stakes.

The world's eighth-biggest sovereign wealth fund has been developing its in-house secondaries capability over the last two years.

The advisory firm and placement agent has made two appointments including a 12-year PAI Partners veteran as a senior advisor.

The Orange County Employees Retirement System, which commits 5.2% of its $12.5bn fund to private equity, expects to issue an RFP by mid-November.

Dushy Sivanithy, who spent 10 years at Pantheon, will oversee origination activity across the firm’s primary fundraising, secondaries and strategic advisory services.

Scott Jacobsen has left the US's largest public pension fund after six years in its private investments team, Secondaries Investor has learned.

Monica Arora will work on primary and secondaries portfolio transactions.

Veena Isaac, an eight-year veteran of the firm, has joined Jasper Ridge Partners' Menlo Park office to focus on secondaries.

The secondaries trading platform has lost Bill Siegel, who joined when Nasdaq acquired SecondMarket Solutions last October.

The tail-end specialist has hired five staff in its London office including two investment professionals and has also made an internal transfer.