Toby Mitchenall
Toby Mitchenall is the Senior Editor, ESG and Sustainability, at PEI Media. He is responsible for New Private Markets, a dedicated intelligence source on impact investing, sustainability and ESG in private markets, and is based in PEI’s London office. Toby was previously a consultant advising private equity firms on marketing and public relations.
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Daniel Green, a veteran secondaries investor, has taken on a broader remit that will cover primaries and secondaries across various private markets.
The advisory firm has relocated two staff from its London headquarters and added an executive from Portfolio Advisors.
Tim Recker has been running the $9bn private markets portfolio for the University of California Regents, which invests in secondaries and has also sold stakes.
Listed private equity funds look like tempting targets for secondaries firms, but don’t expect a wave of consolidation.
The sale of Fidor comes after the firm offloaded six European assets earlier in the year in a direct secondaries transaction worth €96m.
The firm is currently in market raising its third dedicated secondaries fund.
Stéphanie Courtadon, a marketing veteran of mid-market GP Siparex and Crédit Agricole Private Equity, will run the firm’s RFP processes.
While more aggressive financing structures such as payment-in-kind notes may be off the table, deals are ongoing, experts say.
The European mid-market investor has promoted four of its staff to partner, including secondaries chief Christian Böhler.