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The mid-market firm associated with global advisory group Alvarez & Marsal is the latest to join an increasingly competitive buyside landscape.

The hire comes a month after NYCRS closed a more than $5.5bn sale to Blackstone Strategic Partners.

The placement agent, which takes a generalist approach to primary and secondaries advisory, has made a number of hires from advisers including Mercury, chief executive Paul Buckley tells Secondaries Investor.

The investment bank is the latest adviser to tap peers for secondaries talent, with Moelis hiring Matt Wesley from Jefferies this year.

The firm is investing its $2.5bn Ashbridge Transformational Secondaries Fund II, which closed in 2023.

New Mountain Capital has been been communicating with LPs about the formalisation of its CV strategy in recent months.

Devrup Banerjee will spend the bulk of his time advising on GP-led deals at the Mizuho-owned investment bank, Secondaries Investor understands.

Andrew Ward joins Mike Catts as one of two partners in the firm’s New York office.

The New York-based firm’s Korean investors include the National Pension Service of Korea, which has invested in at least two of its funds.

Nicolas Lanel, who headed European secondaries advisory at Evercore and UBS before founding Flow Advisors, will support the private capital unit’s development in Europe, Secondaries Investor has learned.