Partners Capital names three Partners and four Managing Directors

Partners Capital has reshaped its senior ranks with seven internal promotions that deepen leadership across the US, UK and Asia. The moves — three appointed Partners and four elevated to Managing Director — arrive as the firm manages more than $70B for endowments, foundations, family offices and wealthy individuals worldwide.

The firm named John Beil, Sam Hufton and Emmanuel Pitsilis as Partners. Each brings a distinct strategic remit: John Beil, based in San Francisco, leads private equity and real estate initiatives after a career that includes the University of California Investment Office and roles at IFC and Citigroup. Sam Hufton, who has been with the firm since 2009 and now works from Boston, is a senior Client CIO serving North American institutional relationships. Emmanuel Pitsilis, operating from Singapore, co-leads Asia Pacific and was appointed Global Head of Partners Capital Alternative Asset Management (PCCAM) in 2025, drawing on decades at McKinsey and senior entrepreneurial experience.

Complementing the Partner slate, the firm elevated four leaders to Managing Director to strengthen investment research, client coverage and operations. The new MDs are Jeff McDonnell (Boston), a private markets researcher focused on real assets; Olivia Newell (Dallas), who established Partners Capital’s Texas footprint and serves education and foundation clients; Alyssa (Lissie) Rau (Boston), the Head of Fund Services and a CPA with an operations and controls background; and Jonny Richards (London), a Client CIO for UK institutional and private clients.

Chief Executive Arjun Raghavan said the promotions reflect measurable contributions to client outcomes and the firm’s culture. His statement framed the changes as a step to bolster capacity across private markets, client advisory and fund operations—areas where demand from long-term allocators has grown materially in recent years.

Market context underscores that move: allocators continue to shift portfolios toward illiquid asset classes and bespoke solutions. Firms competing for that mandate expansion prize cross‑border leadership and deep operational teams that can scale fund programs and bespoke mandates. With a larger senior bench in North America, Europe and APAC, Partners Capital is positioning to offer more localized coverage while maintaining centralized research and risk capabilities.

Beyond day‑to‑day coverage, the promotions signal an emphasis on operational resilience and client service. Elevating the Head of Fund Services to MD highlights the industry trend of professionalising fund administration and controls as managers and allocators demand higher governance standards. Overall, the appointments read as a capacity play — preparing the firm to capture a larger share of long-duration capital flows across private markets and tailored institutional solutions.