The New York City Comptroller’s Office has hired David Enriquez as senior investment officer of private equity at its Bureau of Asset Management, spokesman Eric Sumberg confirmed to sister publication Private Equity International.
Sumberg said Enriquez started on 29 February.
Enriquez was previously director and vice-president in the mergers & acquisitions group at Rothschild investment bank, where he worked for four years, according to his LinkedIn profile.
Before, he was vice-president and associate in the industrials investment banking group at Merrill Lynch. He had also been an associate in the industrials group at Bear Stearns and an associate in the M&A group at Sullivan & Cromwell, according to his LinkedIn.
The Bureau of Asset Management, which advises the $162.1 billion New York City pension system, has been active on the secondaries market, hiring Greenhill Cogent last year to advise on the sale of some private equity fund stakes.
The system is made up of five pension funds: the New York City Police Pension Fund, the New York City Fire Department Pension Fund, the Teachers Retirement System of the City of New York, the New York City’s Employees’ Retirement and the Board of Education Retirement System.
In January the NYC Comptroller’s Office promoted Alex Doñe to group head of private markets at the Bureau of Asset Management, as reported by PEI. Doñe had been leading private equity at NYC’s public pension system for the 13 months prior to that, and added infrastructure and real estate to his responsibilities as a result.
In August, NYC Comptroller Scott Stringer and NYC Pension Fund trustees announced that the city pension funds’ Private Equity Emerging Manager programme would be expanded by $500 million, with $14 billion already invested or committed with emerging managers, according to PEI Research & Analytics.