Pam Chan is joining Lingotto, a new asset manager backed by Italy’s billionaire Agnelli family
Pam Chan had a coveted job as global head of direct private opportunities at BlackRock , the world’s largest asset manager.
She is leaving so she can focus solely on what she loves most: investing in obscure private markets.
The 38-year-old Harvard graduate is opening the New York office of Lingotto, a new asset manager backed by Italy’s billionaire Agnelli family, which owns significant stakes in automakers Ferrari and Stellantis .
Lingotto had $4.6 billion in assets across three strategies at the end of 2023, the year it was launched. Those include a public-equities hedge fund, an opportunity fund focused on private companies, and a long-only innovation fund run by James Anderson, who rose to fame as one of Tesla’s biggest investors at Scottish asset manager Baillie Gifford.
Chan is joining Lingotto as managing partner and chief investment officer of its new Mosaic Fund, which will focus on private market opportunities that don’t fit into traditional buckets such as private equity, private credit, infrastructure or real estate. She is currently hiring a team of investors and expects to begin deploying capital in late 2024.
“We want to be in all the places where private capital could be a real solution that don’t fall into one of the defined buckets that have been set out for the industry,” Chan said in an interview. “I like to call it the weird and the wonderful.”