Investment manager Federated Hermes has announced significant changes to the leadership of its Federated Hermes Private Equity business.
Brooks Harrington, previously deputy CIO and head of US investment, has been promoted to CIO, private equity. In his new role, Harrington will oversee the investment team and ensure the continued delivery of strong investment performance for clients.
Cameron Payne, co-head of Emea investment, has been appointed to the Private Equity Global Investment Committee. Payne, who joined Federated Hermes in 2015, has been integral to the evolution of the firm’s active co-investment model. He has now joined existing committee members Harrington, Elias Korosis, Sean Yoo, and Christian Mankiewicz.
Federated Hermes Limited expands liquidity sales team
Peter Gale, who has served as CIO and head of private equity for over 15 years, is transitioning to a non-executive role as chairman of Federated Hermes Private Equity. Gale, who founded Hermes GPE LLP in 2009, has been a pivotal figure in the firm’s growth and the wider private equity industry, including advising the UK government on long-term pension fund management, which led to the Myners Report.
Steve McGoohan, MD of Federated Hermes Private Markets, commented: “Today’s announcement is the culmination of careful succession planning. Brooks is exceptionally well-placed to drive continued investment performance. We are grateful for Peter’s outstanding leadership and are delighted he will continue to provide his unparalleled experience as Chairman.”
Harrington added: “For over 30 years, our firm’s flexible approach and market reach have enabled us to create value and generate attractive returns for our clients. I am excited to build on this heritage and continue expanding our investment strategies while maintaining our focus on the lower mid-market.”
