USS hires CalSTRS veteran to lead private equity
The UK’s Universities Superannuation Scheme has appointed Robert Ross, a senior private equity investment manager at the California State Teachers’ Retirement System, to oversee its private equity portfolio, according to a report by Bloomberg.
The UK's Universities Superannuation Scheme (USS) has appointed Robert Ross, a veteran private equity investment manager from the California State Teachers’ Retirement System (CalSTRS), to lead its private equity portfolio, according to Bloomberg. Ross is set to join USS in September and assume the newly vacant position of head of private equity funds and co-investments at USS Investment Management.
He will report to Ben Levenstein, head of private markets, and will succeed Geoffrey Geiger, who retired last year. Ross has over a decade of experience at CalSTRS and currently serves as a senior portfolio manager for the US pension fund. His duties have included managing private equity investments, focusing on emerging manager strategies.
USS continues to expand its private markets capabilities, with the pension scheme managing roughly £84 billion and approximately one-third of its assets allocated to private markets. Ross's appointment enhances USS's in-house expertise in private equity, as institutional investors increasingly refine their private market investments.
Ross will oversee both fund investments and co-investments, providing a broad scope of responsibility for USS's private equity program.
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