Fund Managers

NEPC consultants move to GPs – exclusive

Sean Ruhmann is joining TA Realty in Boston, Chris Hill has hopped to EnTrust Permal in New York and Siddique Haq is working at MC Credit in Stamford, Connecticut.  

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Three people in private markets research at NEPC have recently left the consulting firm to take on new roles at general partners, PDI has learned.

Sean Ruhmann, a senior consultant at NEPC who split his time between private markets research and a client facing role, is joining real estate investment firm TA Realty in Boston as a partner and portfolio manager on 15 August.

Ruhmann, who has known TA for many years through his research role at NEPC, will work on portfolio management of commingled funds and separate accounts at TA Realty.

Chris Hill, who was a senior research consultant in NEPC private markets in the Bay Area, also recently left to join EnTrust Permal in New York as a senior vice president. The firm is a newly combined fund of hedge funds. Legg Mason, Permal Group’s parent, acquired EnTrust Capital in May and linked the two businesses.

Siddique Haq, a research consultant who looked after private credit within the private markets group, joined MC Credit earlier this summer, as PDI previously reported. Stamford, Connecticut-based MC Credit closed its last private debt fund in $1 billion in 2014 and mostly works on non-sponsored loans.

Sean Gill, a partner at NEPC, said the departures were unrelated. “They all had unique opportunities to join new firms. We wish them well in their new endeavors,” he told PDI. He added that asset management firms appreciate the talent that NEPC has developed internally and these staffers’ lining up new quality job offers is a testament to that.

Ruhmann’s, Hill’s and Haq’s responsibilities are being assumed by other members of the private markets group at NEPC in the interim. However, the firm is looking to add investment professionals to the department to replace these positions, Gill said.

Boston-headquartered NEPC is an institutional consulting firm that advises public and corporate pension funds, foundations, endowments, insurers and healthcare systems, among others. The firm has $900 billion in assets under advisement. Its other offices are located in Atlanta, Charlotte, Chicago, Detroit, Las Vegas and Redwood City, California.