Equis hires UTIMCO's Mark Warner as partner

Based in Singapore, Warner will take responsibility for the firm's management functions and take a primary role in future fundraising initiatives. He is already familiar with Equis, given UTIMCO has been an investor in the firm's funds and a member of its LP advisory committee since its inception.

Warner spent 11 years with UTIMCO, helping develop its emerging markets and co-investment strategies as well as the private natural resources program. He also served as interim CEO and CIO for a period prior to the appointment of Britt Harris last year. Harris was formerly CIO of Teacher Retirement System of Texas.

Equis was established in 2011 and has since raised $2.7 billion in private capital. The firm closed its second fund in early 2015 at $1 billion, having increased its hard cap from $900 million. A further $700 million was raised at the same time, comprising $300 million for a follow-on vehicle for Fund I and $400 million to support the growth of two renewable energy platforms.

One of those platforms, Japan Solar, was created by Equis in tandem with Partners Group and several other investors. It was integrated into Equis Energy, a platform comprising 180 assets and 11,135 megawatts of projects across Australia, Japan, India, Indonesia, the Philippines, and Thailand. Last year, Global Infrastructure Partners agreed to acquire Equis Energy for $5 billion. Equis didn't disclose its return, but Partners Group generated a 3.2x multiple on its investment in Japan Solar alone.

"Following a number of significant and successful divestments including the sale of the Equis Energy portfolio to Global Infrastructure Partners, we have identified significant new investment and growth opportunities and Mark's appointment to the partnership will significantly strengthen our operational capability and our ability to facilitate and manage such growth," David Russell, a partner and co-founder at Equis, said in a statement.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Save this article  
• Send to  

• Topics
• People
• Infrastructure
• Infrastructure
• Asia
• Equis Funds Group
• Appointments