Key Takeaways
- • Jasper Ridge Partners, a Menlo Park, Calif.-based firm managing approximately $33 billion for families, foundations and global institutions, has hired Greg Ruiz as a Partner in its private equity practice.
- • Ruiz joins from the California Public Employees' Retirement System (CalPERS), where he led the Private Equity program and grew capital committed by the program by almost 300% during his tenure.
- • Ruiz will co-lead the private equity practice alongside Rick Hayes, Jenny Chen and Jamie Scarbrough, supporting the expansion of the firm's co-investment and direct private equity capabilities.
- • The 20-person private equity and venture capital team deploys over $2.5 billion per year across primary funds, co-investments, direct investments and secondaries.
Summary
Jasper Ridge Partners, a firm providing customized investment solutions for families, foundations and global institutions, announced that Greg Ruiz will join the firm as a Partner in its private equity practice, according to a Business Wire release dated October 27, 2022. Ruiz will work alongside Rick Hayes, Jenny Chen and Jamie Scarbrough to lead the team's investment talent and contribute to the ongoing expansion of its co-investment and direct private equity capabilities. He will be based in the firm's Roseville/Sacramento, California office.
Cori Duncan, CEO and Managing Partner of Jasper Ridge Partners, described Ruiz as a senior investment professional well recognized in the industry for his contributions to the private equity asset class, and said the hire strengthens the firm's next generation of leadership. Duncan said the firm continues to enhance its investment capabilities to optimize clients' portfolios.
Ruiz most recently came from CalPERS, the nation's largest pension fund, where he led the Private Equity program across a broad range of strategies and geographies. According to the release, he was the leading decision-maker for the largest US-based LP investor and grew capital committed by the program by almost 300% during his tenure. He previously was a Principal leading direct private equity investments at Altamont Capital Partners and worked at FFL Partners, having begun his career at Goldman Sachs. Ruiz holds an AB from Princeton University and an MBA from Stanford University's Graduate School of Business.
Rick Hayes, co-leader of the firm's private equity practice, said private equity remains a compelling asset class and that the firm has a very large portfolio and opportunity set. Ruiz said he was attracted to the firm's tailored, discretionary investment solutions. The 20-person private equity and venture capital team deploys over $2.5 billion per year in new investments. Jasper Ridge Partners manages approximately $33 billion across public equity, fixed income, hedge funds, private equity, venture capital, real estate and natural resources, with offices in California, Virginia and Texas.
Cori Duncan, CEO and Managing Partner of Jasper Ridge Partners, described Ruiz as a senior investment professional well recognized in the industry for his contributions to the private equity asset class, and said the hire strengthens the firm's next generation of leadership. Duncan said the firm continues to enhance its investment capabilities to optimize clients' portfolios.
Ruiz most recently came from CalPERS, the nation's largest pension fund, where he led the Private Equity program across a broad range of strategies and geographies. According to the release, he was the leading decision-maker for the largest US-based LP investor and grew capital committed by the program by almost 300% during his tenure. He previously was a Principal leading direct private equity investments at Altamont Capital Partners and worked at FFL Partners, having begun his career at Goldman Sachs. Ruiz holds an AB from Princeton University and an MBA from Stanford University's Graduate School of Business.
Rick Hayes, co-leader of the firm's private equity practice, said private equity remains a compelling asset class and that the firm has a very large portfolio and opportunity set. Ruiz said he was attracted to the firm's tailored, discretionary investment solutions. The 20-person private equity and venture capital team deploys over $2.5 billion per year in new investments. Jasper Ridge Partners manages approximately $33 billion across public equity, fixed income, hedge funds, private equity, venture capital, real estate and natural resources, with offices in California, Virginia and Texas.
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