People

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.