Permira grows capital formation team and readies to open Dubai office
Permira has bolstered its capital formation team with two senior hires and revealed plans to open a Dubai office this year.
The alternative asset manager has appointed Chris Buchanan as partner and global head of capital formation and Nader Salman as managing director, head of Middle East in its capital formation team.
Buchanan will be based in London, where he leads a 30-strong team globally across investor coverage and project management within the Permira capital formation team.
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He joins from Apollo Global Management, where he worked for 16 years across various roles including global head of institutional client group.
Prior to that, he worked at Citi, Credit Agricole and Capital International.
“We are delighted that Chris has joined the firm, bringing with him a strong industry track record and ability to lead a global team managing our growing investor relationships,” said Dipan Patel and Brian Ruder, co-managing partners and co-chief executives of Permira.
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Salman joins from Neuberger Berman where he was managing director, Middle East and Africa, based in Dubai.
He was responsible for overseeing the firm’s strategic relationships and leading a regional sales team. He previously held senior alternative investment roles in the Middle East at Société Générale, Man Group and Evolvence Capital.
Permira said it plans to open an office in Dubai in 2025 to expand its footprint in the Middle East, “working closely with existing local and regional investors and developing new strategic partnerships”.
The new office is subject to approval from the Dubai Financial Services Authority.
“We are delighted to welcome Nader to the team to lead and grow our key institutional and private wealth relationships in the Middle East,” said Patel and Ruder. “The region has become an increasingly important market for us given the growing interest in alternative assets from Middle Eastern investors, their increasing sophistication and pools of capital.”
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