
CHAMP’s Wardman-Browne joins IFM private capital team
Australia’s IFM Investors is aiming to enhance its PE business with the appointment of former CHAMP Ventures co-head Stuart Wardman-Browne as executive director of the investment group’s private capital team.
Wardman-Browne will assist with fund raising and the sourcing and evaluation of direct investment opportunities. Additional duties will include monitoring and management of investments as well as building and maintaining client and third party relationships.
"As we build on our private capital offerings, Stuart will be integral to shaping our model and capabilities," said Steve Lipchin, IFM's head of private capital said in a statement. "IFM Investors has had a long association with Stuart through our limited partner investor commitments to several CHAMP Ventures funds."
The appointment follows a six-month postponement of CHAMP's eighth fund launch, a move attributed to succession issues within the firm which Wardman-Browne is understood to have left early last year. The Australian GP was expected to return to market in the first half of this year, having closed its previous vehicle in 2012.
IFM is owned by a group of 29 Australian superannuation funds and claims A$2 billion ($1.5 billion) in private capital assets under management. The firm is estimated to have invested more than A$3 billion in private equity across 400 funds and 2,700 underlying companies since 1998.
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