The Future Fund has appointed a private equity specialist as part of a wider push to beef up its private markets team.
The fund has appointed Steve Byrom from the New Zealand Superannuation Fund who will focus on expanding the private equity portfolio.
He will report to head of private markets Gary Gabriel, who was hired in October from Melbourne based industry fund UniSuper.
Future Fund chief investment officer David Neal said Byrom's hire was part of a wider strategy to recruit private equity specialists with skills in infrastructure and property.
"We recognise that the distinctions between different private market opportunities are often quite blurred and we expect the team to operate collaboratively across the private markets space," he said.
Before working at the New Zealand Superannuation Fund Byrom had spells with ANZ Private Equity in Auckland, SG Hambros in London and Ernst & Young in London and Auckland.
Byrom will join the fund in late November.
