Regal told sister website peHUB that he will focus on fund selection for the alternative investment program, including deal sourcing and due diligence. Much of his time will be spent reaching out to best-in-class fund managers, he said.
Briar Hall’s alternatives program focuses on U.S. private equity, mostly in the lower end of the middle market, along with venture capital, distressed investments, natural resources, energy and real estate.
The family office has been investing in private equity for many years, Regal said. “My main goal is to build upon the excellent foundation already in place at Briar Hall,” he said.
Regal worked from 2000 to 2009 at the former Credit Suisse Customized Fund Investment Group, where he was a partner, according to his LinkedIn profile. Grosvenor Capital Management acquired the Customized Fund Investment Group earlier this year.
Regal also worked at BankAmerica Capital Corp and the Minnesota State Board of Investment. He co-launched a fund-of-funds platform called Arborist Capital, where he worked from 2009 to 2013, and launched an institutional investor advisory business called Mililu last year, according to his profile.
Chris Witkowsky is editor of peHUB.