Digital private equity manager Moonfare has appointed Magnus Grufman chief operating officer (COO).
Grufman, who was one of Moonfare’s first hires in 2016, joined the firm as Head of Investments and has since held a number of positions at the company, including Chief Investment Officer. He recently transitioned to overseeing operational projects, reporting to Co-CEO Lorenz Jüngling.
As COO, Grufman will oversee all fund operations, including portfolio management and internal processes such as 'know your client'. He will be a member of Moonfare's Executive Committee, and will remain a standing member of Moonfare's Investment Committee.
“We're proud to be able to create opportunities for exceptional people like Magnus," said founder and Co-CEO Steffen Pauls. "Magnus has a deep-rooted connection to the private equity industry. He is incredibly adept, both operationally and as an investor."
"Flawless operations is a core pillar of Moonfare's value proposition and is challenging to maintain in a period of high growth, which Moonfare is currently experiencing,” said Jüngling. “Magnus is a strong executor, and has an incredible knowledge of Moonfare’s inner workings. He will work with his teams to ensure Moonfare remains a leader in this field.”
Grufman began his career with JP Morgan and later worked for Apax Partners. He has an MBA from Harvard Business School and is a graduate of the Stockholm School of Economics.
The COO role was previously held by Lorenz Jüngling until his promotion late last year to Co-CEO alongside Moonfare's founder, Steffen Pauls.