Phoenix Equity Partners, a UK private equity firm specialising in working alongside founder-entrepreneurs in the lower mid-market, has made a series of promotions and new appointments within its investment team, following a strong 2024.

The talent flow between private equity and hedge funds continues, with Apollo’s Asia-Pacific Chief Operating Officer, Mark Berg, making the switch to Millennium Management as its new Asia-Pacific Chief Financial Officer in Singapore, according to a report by eFinancial Careers.

Marlborough Partners announces the appointment of Fredrik Rydin as a Senior Advisor for the Nordic region, based in Stockholm. Rydin has been involved in the private equity and leveraged credit markets in the Nordics for over two decades.

Quilvest Capital Partners, an alternative investment manager focused on global mid and lower mid-market investment opportunities with over $7bn in AUM, has appointed Daniel Toledano as Global Head of Sustainability.

Private investment firm Turnspire Capital Partners has appointed Vijay Joshi as Director, Portfolio Operations. Joshi was most recently Vice President, Portfolio Operations at Hidden Harbor Capital Partners.

Chinese private equity firm HongShan Capital Group (HSG) has hired Komi Kyu, a former Bain Capital Managing Director, to lead its new Japan operations, according to a report by Reuters citing unnamed sources familiar with the matter.

Lade King, a seasoned technology leader with experience at Goldman Sachs, JPMorgan, and most recently at quant hedge fund Two Sigma, has made a move to private equity, joining TPG as Engineering Chief Operating Officer, according to a report by eFinancial Careers.

ICG, the global alternative asset manager, has opened its its first Swiss office, located in Zurich. The office opening coincides with the appointment of Jürg Rimle as a Managing Director within its Client Solutions Group.

Global alternative investment firm Investcorp has appointed Vivek Agarwal as Senior Operating Partner for its India operations. Agarwal will lead the firm’s strategic expansion into opportunities in the software and software services sectors.