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Mark McDonald joined Brookfield when the asset manager in 2023 bought Deutsche Bank’s specialist secondaries unit that he led.

The investment banking arm of Japanese financial services conglomerate Daiwa Securities Group previously said it was shutting its France office.

Delaney Brown, formerly head of capital solutions at Bregal Investments, joins the investment bank as a senior director in London.

Movement across the secondaries market has not slowed down this year as professionals continue to swap positions.

The hire is understood to bring the total number of professionals within the investment bank’s directs and secondaries team to 35.

The two New York-based partners’ clients include Brookfield Asset Management, Coller Capital, PSP and StepStone.

The departure follows a string of people moves across the secondaries market in 2025.

Professionals from CPP Investments, LGT Capital Partners, Blue Owl Capital, and more have made this year’s list of future leaders in private equity.

Paul Sanabria and Jeff Hammer will return to their advisory roots as part of the investment bank’s ‘aggressive’ push.

Mid-market-focused secondaries firm SQ Capital was launched in January by Blackstone’s former global head of GP stakes Mustafa Siddiqui.