Munich Private Equity Partners (MPEP) has hired a Schwarzenegger to be its new co-head of business development.
However, it is not the Terminator himself, but a distant relative—Sebastian Schwarzenegger (pictured)—who will be joining the company. Also from Austria, this Schwarzenegger will be responsible for acquiring and servicing institutional clients and sales partners with focus on the DACH region. In this position, Schwarzenegger will also contribute to the ongoing further development of MPEP’s institutional sales strategy.
Christopher Bär, managing director at Munich Private Equity Partners, said: “With Sebastian Schwarzenegger, we are gaining a business development professional with a proven track record of helping institutional investors building out their alternative investment exposure based on their specific needs. With his experience and excellent network, he will actively contribute to further expanding our investor base while maintaining the high quality of service that our clients and partners expect.”
Before joining Munich Private Equity Partners, Schwarzenegger was executive director at Edmond de Rothschild, and was responsible for servicing German and Austrian investors, ie private and commercial banks, insurance companies, pension funds, family offices and wealth managers. Prior to that, he worked for Goldman Sachs Asset Management in London and Frankfurt where he served investors in Germany.
This hire comes a few weeks after the firm said had started fundraising for its fourth private equity program, MPEP IV, which offers institutional investors the opportunity to invest in two pre-built private equity fund portfolios. It said at the time that it was targeting funding of €250m, having already received €100m from institutional investor RWB Group.
MPEP successfully closed its predecessor program MPEP III earlier this year at €162m with renowned international investors, well above its original target of €100m.