AXA Private Equity's Pitt joins Lexington, Miller goes to Pomona Capital

Pitt will help Lexington Partners to build its co-investment programme in Europe. The firm established the co-investment fund, Co-Investment Partners, in 1998. CIP today manages in excess of $1.5bn in co-investment capital on behalf of the Florida State Board of Administration and New York State Teachers' Retirement System. The fund has recently completed a number of co-investments in Europe, and is about to organise a new dedicated European co-investment fund.

Pitt was a managing director at AXA Private Equity and head of the firm's London office.

Miller will be responsible for sourcing, analysing and closing secondary transactions for Pomona's $1.8bn secondary funds business. He spent the past six years at AXA Private Equity, where he was a senior investment manager and head of the New York office.

Pomona Capital focuses on acquiring secondary and primary interests in venture capital and buy-out funds. With offices in New York and London, Pomona manages $3.4bn in committed capital for a global group of investors.

Lexington Partners has about $10bn in committed capital and offices in New York, Boston, Menlo Park and London.

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