The $112 billion Public Sector Pension Investment Board has become the latest Canadian pension fund to open a European office in London, appointing a former Permira dealmaker to spearhead its private equity efforts in the region.

Simon Marc, who was most recently a principal in Permira's Paris office, joined PSP as a managing director and head of European private equity on August 31, a spokesman for PSP confirmed. Marc will be responsible for setting up PSP's new London outpost as well as sourcing direct investments and investing in European private equity funds.