Colin Pan is stepping down from his role as Partners Capital’s chief investment officer in order to set up his own investment firm.
The outsourced investment office, which had $38 billion in assets under management as of December, shared the news with clients in a letter obtained by Institutional Investor.
“Colin is keen to set up his own investment firm to focus on emerging and niche investment opportunities that he is most passionate about,” chief executive officer Arjun Raghavan wrote in the letter.
According to the letter, Pan will stay on at the firm full-time for the next six months.
“As Colin firms up his future plans, we will work together to explore opportunities for his continued affiliation with Partners Capital,” Raghavan wrote.
Pan joined Partners Capital in April 2010, per his LinkedIn profile. He was promoted to chief investment officer in 2016, taking over for the firm’s founder, Stan Miranda. Miranda is now working as Partners’ chairman, according to a December 2019 announcement.
Prior to becoming CIO, Pan worked as Partners’ head of manager research, a 2016 announcement shows. Before joining Partners Capital, Pan was an investment associate at Fremont Realty Capital and a strategy consultant at the Mandarin Oriental Hotel Group. He began his career as a consultant at Bain and Company, his LinkedIn profile shows.
“As CIO since 2016, Colin has played an important role in strengthening our investment research capabilities across the board,” Raghavan wrote of Pan’s contributions to the firm. “Colin has helped hire seasoned leaders in each of our major asset classes and has put in place a robust decision-making process.”
According to the letter, Partners Capital is taking some time to determine what the CIO role will look like moving forward, and how the firm will fill the role. There are already 27 client CIOs working at the firm who oversee constructing and managing portfolios, Raghavan said.
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The firm has also hired a new head of its ESG and impact investing team, Kristen Eshak Weldon.
Weldon was most recently a member of the executive group at the Louis Dreyfus Company, an agricultural company, where she led the launch of LDC Ventures, the firm’s investment fund management group. Before joining LDC, she was the senior managing director and co-head of the London office for hedge fund solutions at Blackstone.