As well as building portfolios for clients, the Berlin-headquartered business, which operates in Europe, the US and and Asia, also sources private equity opportunities.

Germany-headquartered private markets platform and manager Moonfare said today that it has appointed its chief investment officer, Sanjay Gupta, to become its CEO in the US and CIO for proprietary products.

Family Wealth Report has asked Moonfare whether Gupta’s CIO role for the firm will be replaced and will update this report in due course.

As part of the change, Gupta has moved to New York from London, Moonfare said in a statement.

“Having Sanjay on the ground in New York allows us to stay closer to key fund partners, institutional relationships and investors,” Steffen Pauls, Moonfare founder and co-CEO, said. 

The firm said that Gupta’s westwards move reflects Moonfare's “deep commitment to the US market and its growing North American investor base.”

Gupta’s continued oversight of proprietary products sets the firm apart from its platform competitors, Moonfare added.

Moonfare works with clients to build portfolios, going beyond offering funds from managers. It also sources private equity opportunities, including proprietary Moonfare investment products including co-investments, secondaries and direct deals. The firm, which has €3.5 billion ($4.07 billion) in assets under management, is headquartered in Berlin, operating in 23 countries, with offices in New York, London, Zürich, Singapore, Paris and Luxembourg. 

This news service interviewed Pauls here.