Moonfare strengthens global leadership team
Former Klarna chairman Jon Kamaluddin joins Moonfare's Global Advisory Board, Sanjay Gupta, former Head of Private Equity Investing at UnionBancaire Privee (UBP), is appointed Head of Co¬ Investment team and Russell Lane joins as Head of GP Solutions from Bridgewater Associates.
Moonfare, the global digital private equity platform, has appointed Jon Kamaluddin to its Global Advisory Board.
Kamaluddin, who was chairman of one of Europe's biggest fintechs, Klarna, and also brings experience from tech giants such as ASOS and FarFetch, has joined Berlin-based Moonfare at a significant stage of its growth. Moonfare continues its high growthtrajectory, having increased assets under management by almost 90% to €2.18 billion and individual investments by 70% in the12 months to end September 2022.
"I am excited to join Moonfare and help it maintain its considerable momentum, while also promoting its mission of democratisingprivate markets," said Jon Kamaluddin. "In times of volatile public markets and high inflation rates, a platform giving individual investors access to the returns private equity can offer is both visionary and important, and I'm looking forward to being part of this endeavour."
"We are excited to have Jon on board," said Steffen Pauls, CEO and founder of Moonfare. "As a member of our Global Advisoryboard, Jon's invaluable experience and management skills in leading tech startups will further drive our ambitious expansion plansas we fortify Moonfare's role as the globally leading company for private market investment opportunities."
With the Moonfare platform continuously growing to include a wider selection of private market funds covering new areas, Moonfarehas also reinforced its investment team with Sanjay Gupta and Russell Lane.
Sanjay Gupta brings decades of private equity investing experience to his new role as Head of Co-investments. He will be buildingout Moonfare's strategy and portfolio in the asset class. Before joining Moonfare, Gupta was Head of Private Equity Investing atUnion Bancaire Privee (UBP) in London. He has also held senior investment roles at Caisse de depot et placement du Quebec (CDPO) and Adveq (now Schroders Capital), as well as an investment banking role with Lehman Brothers.
"I have followed Moonfare for many years and I'm thrilled to join them at this pivotal time in their growth. I'm excited to contribute totheir amazing team and groundbreaking mission," said Gupta.
Russell Lane joins the team as Head of GP Solutions, bringing Moonfare's distribution capabilities and fully digitised investorplatform to more GPs globally. He will be based in New York, where many of Moonfare's GP partners are headquartered, includingKKR, Carlyle and Insight Partners. Lane joins from asset management firm Bridgewater Associates, where he was a foundingmember of the firm's distribution team and led the new product development and product management functions. Prior to this, heheld investor relations and business development roles, and covered US and European institutional clients. Before joiningBridgewater, Lane was an Equity Research Analyst at Credit Suisse in New York.
On joining Moonfare, Lane said, "Moonfare is harnessing technology to promote alternative investment access to a broader range ofindividuals globally, and I'm excited to be part of the team and the mission."
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