Callan hires public pension exec for private equity team

Callan LLC announced that Andrew Maday has joined its private equity consulting group in Chicago as senior vice president. Maday had been a private markets analyst at the Illinois Municipal Retirement Fund (IMRF) and was responsible for the public pension plan’s development and oversight of the private equity, real estate, infrastructure, timber and agricultural portfolios. Andrew Maday At Callan, Maday joined on April 1 to focus on private equity research, including manager and fund sourcing and due diligence, strategic planning and portfolio modeling and servicing clients. Callan currently advises on $31 billion in private equity assets. He reports to Pete Keliuotis, executive vice president and head of alternatives consulting. “Andy has years of experience as an allocator within all areas of private markets, including servicing sophisticated investors as a senior member of an outsourced CIO platform,” said Keliuotis in a statement. “We’re excited to have him on our team and look forward to his contributions to our research and consulting efforts.” Prior to IMRF, Maday was a senior associate investment program manager at Northern Trust Asset Management working withing the bank’s outsourced CIO capacity for institutional and high-net-worth clients. He also worked with Northern Trust in operational and administration areas. "I am excited to help Callan continue to broaden the firm's alternative solutions and position client portfolios to meet their objectives," Maday said. "I have had a longstanding relationship with Callan and have seen firsthand the strength of the culture and the commitment to providing the independent thought leadership and customized solutions based on client interests and needs." Overall, Callan advises on more than $2 trillion in total fund sponsor assets and remains one of the largest investment consulting firms in the U.S.

Callan hires public pension exec for private equity team

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