Pascual joins from BlackRock, where he led the firm's wealth business across the same region.
The partnership will also develop products for wealth investors, beginning with an evergreen private equity secondaries fund expected in the coming weeks.
The former Sixth Street Senior Advisor will oversee portfolio construction for the firm's solutions, including credit secondaries and direct credit.
The CMS veteran brings nearly 20 years of UK funds experience spanning regulated fund structures, with dedicated LTAF expertise.
The former Aviva Investors Global Head of Wealth will oversee liquid funds, evergreen strategies, ETFs, and semi-liquid private market distribution.
The ETF provider has hired Alessio de Longis to head its new Active Investments platform and Hyuk Soo Han to help lead its private equity secondaries efforts.
Managing Director Jason Mehring will replace Tseng as Director, Board Chair, and CEO across three BlackRock BDCs.
The Swiss firm's flagship semi-liquid strategy tracks the Morningstar PitchBook Unicorn 20 Index primarily through secondaries.
The Swiss manager plans to address its mature evergreen offerings over the next 12-18 months, while maintaining liquidity limitations in the coming quarters.
The transaction adds nine private equity and credit secondaries strategies to EQT's offering, while its combined evergreen platform now exceeds €10 billion in NAV.
