Key Takeaways
- • Miras Investments, a Middle East-based multi-generational family office founded in 1980, appointed Matthew Lesesky as global head of private equity, reporting to chief investment officer Elizabeth Hewitt.
- • Lesesky will lead Miras's worldwide private equity program, which invests mainly through commingled funds sponsored by third-party managers, complemented by selective co-investments.
- • Lesesky joins from UNC Management Company, where he spent 14 years and most recently served as managing director overseeing private equity across venture capital, growth equity and buyouts for the $17 billion UNC Investment Fund.
- • Hewitt cited his experience in the US lower middle market as highly relevant and transferable to Miras's portfolio.
Summary
In the role, Lesesky will lead Miras's private equity program globally. The program invests mainly through commingled funds sponsored by leading third-party managers, complemented by co-investments where appropriate. He will work closely with the CIO, the Investment Committee and shareholders within the team's delegated framework.
Lesesky spent the past 14 years at UNC Management Company, the Chapel Hill-based nonprofit that manages long-term investments and endowments for the University of North Carolina System. He most recently served as managing director on the private investment team, overseeing private equity investments across venture capital, growth equity and buyouts for the $17 billion UNC Investment Fund. Earlier roles included investment management positions at Hatteras Funds and Pacific Corporate Group Capital Partners LLC, as well as an associate role in investment banking at Citigroup, an associate position at Fusion Ventures LLC, and an analyst role at Andersen Consulting. He holds a B.S. from the University of North Carolina at Chapel Hill and an MBA from UNC's Kenan-Flagler Business School.
Hewitt said Lesesky has built an strong track record managing alternative investments for non-profit and asset manager brands, including building and maintaining private equity programs, and highlighted his focus on the US lower middle market. Lesesky said he looks forward to positioning Miras as a preferred, long-term partner to leading investment firms.
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