guide to secondary buyers & placement agents 2017 guide …
TRANSCRIPT
Guide to Secondary Buyers & Intermediaries
GUIDE TO SECONDARY BUYERS & PLACEMENT AGENTS 2017
FEATURES OTHER INDICESSecondary Buyers Survey 3
Guide to Secondary Buyers 5
Guide to Secondary Intermediaries 43
Secondary Guide Index 46
Secondary Intermediaries Index 47
Secondary Firms, By Type of Investments Desired 48
Secondary Firms, By Geographic Preference 49
Secondary Firms, By Preferred Age of Fund Investments 50
SECONDARYBUYERS
GUIDE TO SECONDARY BUYERS BUYOUTS | VCJ | 3Guide To Secondary Buyers & Intermediaries 2017
17CAPITALMAIN OFFICE
32 Grosvenor GardensLondonSW1W 0DHUK17capital.com+44 (0) 20 7493 2462+44 (0) 20 7529 1908
PERSONNELPierre-Antoine de SelancyManaging [email protected]
Augustin DuhamelManaging [email protected]
Robert de [email protected]
Beate PelzInvestor Relations [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2008
DESCRIPTION OF SERVICES17Capital provides flexible short-to-medium term financing for investors in private equity portfolios. General and Limited Partners can raise capital for new investments or reduce their PE exposure, while avoiding the constraints of debt financing or a secondary sale. 17Capital can invest up to €300 million in concentrated or diversified global portfolios, and has completed close to 30 transactions in Europe and North America. The firm has an international team of 17 professionals with both private equity and banking experience. 17Capital has €800 million AUM across 3 funds.
50 SOUTH CAPITAL ADVISORS LLCMAIN OFFICE
Affiliated company: Northern Trust50 South LaSalle St.Chicago, IL 60603United Stateswww.50southcapital.ntrs.com
PERSONNELAdam FredaSenior Vice [email protected]
Nick LawlerVice [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2004Secondary capital invested in 2016 (US$millions): 126Amount of secondary capital you expect to invest in 2017 (US$millions): 100Preferred secondary investment range: • Minimum (US$millions): 1• Maximum (US$millions): 30
747 CAPITALMAIN OFFICE
880 Third Avenue17th floorNew York, NY 10022USAwww.747capital.com212-747-7474
PERSONNELGijs van ThielManaging [email protected]
Joshua [email protected]
Marc der KinderenManaging [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2008Number of employees working on secondary deals: 3Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 0.5• Maximum (US$millions): 10
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
ABBOTT CAPITAL MANAGEMENT, LLCMAIN OFFICE
1290 Avenue of the Americas9th FloorNew York, New York 10104United States of Americawww.abbottcapital.com212-757-2700212-757-0835
PERSONNELMeredith RerisiManaging [email protected]
Martha [email protected]
Jonathan RothManaging Director, President
Leonard PangburnManaging Director
Jobst KlemmeDirector
BRANCH OFFICE(S)Abbott Capital Management (Europe), LLP53 Davies Street LondonW1K 5JHUnited Kingdom
SCOPE OF OPERATIONSYear group began doing secondary deals: 1987Number of employees working on secondary deals: 15Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 80
DESCRIPTION OF SERVICESAbbott was founded in 1986, with an objective of providing long-term continuity and accountability to private equity portfolio management. Since its founding, the firm has focused solely on private equity investment and management, and builds diversified portfolios of primary and secondary private equity investments across buyouts, growth equity, venture capital, and special situations funds. Historically, Abbott had included secondary investments in its diversified portfolios of private equity fund interests. With the implementation of this dedicated ASO strategy, Abbott will build on its broad knowledge of private equity investment developed over 30 years, maintaining its focus on smaller transactions where Abbott may have relationship or information advantages. ASO will allow Abbott to pursue interests in fund managers with which Abbott has invested previously, as well as fund managers that are new to Abbott’s platform.
Names of some of your institutional backers: Abbott has a broad range of institutional investors, including: Public Pension Plans Corporate Pension Plans Endowments Foundations Taft-Hartley Do you use leverage in your secondary deals? No
ADAMS STREET PARTNERS, LLCMAIN OFFICE
1 N Wacker Dr Ste 2200Suite 2200Chicago, IL 60606United States of Americawww.adamsstreetpartners.com+1 (312) 553-7890+1 (312) 553-7891
PERSONNELJason S. Gull, CFAPartner & Head of Secondary [email protected]
Jeffrey B. [email protected]
Troy L. Barnett, [email protected]
Joseph P. [email protected]
Gregory J. [email protected]
Pinal [email protected]
GUIDE TO SECONDARY BUYERS4 | BUYOUTS | VCJ Guide To Secondary Buyers & Intermediaries 2017
J. Gary FencikPartner & Head of Business [email protected]
Charlie [email protected]
Kristof Van OverloopSenior [email protected]
BRANCH OFFICE(S)London75 Davies St4th FloorLondonW1K 5JNUnited Kingdom
Singapore#14 02 Raffles City Tower250 North Bridge RdSingapore179101Singapore
Menlo Park2500 Sand Hill RdSuite 100Menlo Park, CA 94025United States of America
BeijingLevel 24 Tower 3 China Commerce Central Pl77 Jianguo RdChaoyang DistrictBeijing100025China
TokyoShin-Kokusai Bldg 4F, 4-1Marunouchi 3-chomeChiyoda-kuTokyo100 0005Japan
245 Park AvenueManhattan, New York 10019USA
SCOPE OF OPERATIONSYear group began doing secondary deals: 1986Number of employees working on secondary deals: 12Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 5• Maximum (US$millions): 300
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
AKINA PARTNERSMAIN OFFICE
Sihlstrasse 20ZurichZH8021CHhttp://www.akinapartners.com/home/41442201625
SCOPE OF OPERATIONSYear group began doing secondary deals: 2008Number of employees working on secondary deals: 8Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 2.5
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
ALLIANZ CAPITAL PARTNERSMAIN OFFICE
1633 Broadway42nd FloorNew York, NY 10019USAhttp://www.allianzcapitalpartners.com/en/212.938-0630
PERSONNELMartin [email protected]
Worth [email protected]
BRANCH OFFICE(S)Allianz Capital Partners GmbHTheresienstrasse 6-8MunichD-80333Germany
Allianz Capital Partners GmbH Singapore Branch12 Marina View #14-01, Asia Square Tower 2Singapore18961Singapore
SCOPE OF OPERATIONSYear group began doing secondary deals: 1999Number of employees working on secondary deals: 21Does your firm manage funds of funds? NoPreferred secondary investment range:• Minimum (US$millions): 10• Maximum (US$millions): 150
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
ALPINVESTMAIN OFFICE
Jachthavenweg 1181081 KJ AmsterdamAmsterdamNetherlandswww.alpinvest.com+31 20 540 7575+31 20 540 7500
BRANCH OFFICE(S)AlpInvest US Holdings, LLC299 Park Avenue35th FloorNew York, NY 10171USA
ALTERNATIVE INVESTMENT MANAGEMENT, LLCMAIN OFFICE
757 Third Avenue12th FloorNew York, NY 10017www.aim13.com212-557-6191212-937-3113
ANGELO GORDON & CO.MAIN OFFICE
245 Park AveNew York, New York 10017United States212-692-2152
ARCIS GROUPMAIN OFFICE
170-173 PiccadillyLondonW1J 9EJUnited Kingdomwww.arcisgroup.com44-20-7494 211044-20-7494 2105
PERSONNELArnaud IsnardManaging [email protected]
Henri IsnardManaging [email protected]
Mark BurchManaging [email protected]
Romain Bouché[email protected]
GUIDE TO SECONDARY BUYERS BUYOUTS | VCJ | 5Guide To Secondary Buyers & Intermediaries 2017
Andrew [email protected]
Anne RousseauPartner & [email protected]
BRANCH OFFICE(S)30 rue GaliléeParis75116France
509 Madison AvenueSuite 1602New York, N.Y. 10022U.S.A.
SCOPE OF OPERATIONSYear group began doing secondary deals: 1993Number of employees working on secondary deals: 7Does your firm manage funds of funds? NoPreferred secondary investment range:• Minimum (US$millions): 5• Maximum (US$millions): 100
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
ARDIANMAIN OFFICE
20 Place VendômePARIS75001FRANCEwww.ardian.com+33 1 41 71 92 00
PERSONNELDominique [email protected]
Vincent GOMBAULTMember of the Executive Comittee and Head of Funds of Funds and Private [email protected]
Dominique GAILLARDMember of the Executive Comittee and Head of Direct [email protected]
Benoît VERBRUGGHEMember of the Executive Comittee and Head of Ardian [email protected]
Mathias BURGHARDTMember of the Executive Comittee and Head of [email protected]
Olivier DECANNIEREMember of the Executive Comittee and Head of Ardian [email protected]
Jérémie DELECOURTMember of the Executive Comittee and Head of Corporate and International [email protected]
Philippe POLETTIMember of the Executive Comittee and Head of Mid Cap [email protected]
Franck NGUYENSenior Managing [email protected]
Mark BENEDETTIManaging [email protected]
Vladimir COLASManaging [email protected]
Jan Philipp SCHMITZManaging [email protected]
Ingmar VALLANOManaging [email protected]
Marie-Victoire ROZEManaging [email protected]
Martin KESSIManaging [email protected]
Xavier BELLOIRManaging [email protected]
BRANCH OFFICE(S)ARDIAN UK1 Grafton StreetLONDONW1S 4FEUNITED KINGDOM
ARDIAN USA1370 Avenue of the AmericasNEW-YORKNY 10019UNITED STATE OF AMERICA
ARDIAN GERMANYAn der Welle 4FRANKFURT-AM-MAIND-60322GERMANY
ARDIAN SWITZERLANDBahnhofstrasse 20ZURICH8001SWITZERLAND
ARDIAN BEIJINGUnit 20-22, Level 47, China World TowerNo. 1 Jian Guo Men Wai AvenueBEIJING100004PEOPLE’S REPUBLIC OF CHINA
SCOPE OF OPERATIONSYear group began doing secondary deals: 1999Number of employees working on secondary deals: 120Does your firm manage funds of funds? YesName of the newest dedicated secondary fund you are investing from: ASF VIIPreferred secondary investment range:• Minimum (US$millions): 500• Maximum (US$millions): 3000
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? Yes
ATLAS PEAK CAPITALMAIN OFFICE
400 Montgomery StreetSuite 900San Francisco, CA 94104USAwww.atlaspeakcap.com415-967-0485
BEX CAPITALMAIN OFFICE
79 rue La BoétieParis75008Francewww.bexcapital.com
PERSONNELBenjamin RevillonManaging [email protected]
Erwin RoexManaging [email protected]
Alexis FerrerInvestment [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2010Number of employees working on secondary deals: 4Secondary capital invested in 2015 (US$millions): 35Secondary capital invested in 2016 (US$millions): 70Amount of secondary capital you expect to invest in 2017 (US$millions): 100Name of the newest dedicated secondary fund you are investing from: BEX Fund IIAmount Secured (US$millions): 115Target (US$millions): 90Open or closed? Closed Preferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 100Do you use leverage in your secondary deals? Yes
DESCRIPTION OF SERVICESBEX Capital specifically invests in mature positions in funds-of-funds and secondary funds through separately managed accounts.
BILLIONAIRE FAMILY OFFICEMAIN OFFICE
77 Harbor DriveSuite #76Key Biscayne, FL 33149USAhttp://BillionaireFamilyOffice.com503-789-7901
GUIDE TO SECONDARY BUYERS6 | BUYOUTS | VCJ Guide To Secondary Buyers & Intermediaries 2017
BOWSIDE CAPITALMAIN OFFICE
211 King StreetSuite 204Charleston, SC 29401U.S.www.bowsidecapital.com843-725-7500212-2124-0744
PERSONNELChristian H. M. AlbertManaging [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2009Number of employees working on secondary deals: 2Does your firm manage funds of funds? YesName of the newest fund of funds through which you invest in secondaries: Bowside Capital Fund IV, L.P.Target (US$millions): 75Open or closed? Open:Preferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 10
DESCRIPTION OF SERVICESBowside Capital makes secondary purchases of LP interests in funds that meet its target criteria. These funds must have less than $150 mm in committed capital and make control acquisitions. We do not invest in debt, real estate, or venture funds.
CBRE CAPITAL ADVISORSMAIN OFFICE
200 Park Ave- East MezzNew York, NY 10166United States2126562558
SCOPE OF OPERATIONSYear group began doing secondary deals: 2010Number of employees working on secondary deals: 6Does your firm manage funds of funds? No
DESCRIPTION OF SERVICESAdvisory servicesNames of some of your institutional backers: CBRE Inc
CEBILE CAPITAL LLPMAIN OFFICE
2 Berkeley SquareLondonW1J 6EBUnited Kingdomwww.cebile.com+44-203-667-5000
PERSONNELSunaina SinhaManaging [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2012Number of employees working on secondary deals: 7
DESCRIPTION OF SERVICESAdvisor to buyers and sellers of private equity and real asset secondaries.
CEDAR SPRINGS CAPITALMAIN OFFICE
3899 Maple AvenueSuite 150Dallas, TX 75219United Statescedarspringscapital.com469-802-3000
PERSONNELImran [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2014Number of employees working on secondary deals: 3Preferred secondary investment range:• Minimum (US$millions): 10• Maximum (US$millions): 50
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
CIRCLEUPMAIN OFFICE
818 Mission St.San Francisco, CA 94103USA
CM CAPITALMAIN OFFICE
525 University AveSuite 200Palo Alto, CA 94402www.cmcapitaladvisors.com650-326-6480
PERSONNEL
Biren BhandariAssociate [email protected]
SCOPE OF OPERATIONSDoes your firm manage funds of funds? NoPreferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 20
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
COLLER CAPITALMAIN OFFICE
116 Park StreetLondonW1K 6AFUKwww.collercapital.com +44 20 7631 8500
PERSONNELJeremy CollerChairman / [email protected]
Michael Schad Partner, Head of Investment Management [email protected]
Francois Aguerre Partner, Co-Head of [email protected]
David Plater Partner, Co-Head of [email protected]
Frank Morgan President, Coller Capital Inc [email protected]
Paige [email protected]
David [email protected]
Paul [email protected]
Rune [email protected]
Peter [email protected]
BRANCH OFFICE(S)Coller Capital Inc950 3rd AvenueNew York, NY 10022212-644-8500
Coller Capital IncLevel 19Two International Finance Centre8 Finance StreetCentral Hong KongHong Kong852-2251-1594
SCOPE OF OPERATIONSNumber of employees working on secondary deals: 185Name of the newest dedicated secondary fund you are investing from: Coller International Partners VII (CIP VII) Amount Secured (US$millions): 7150Open or closed? Closed:
GUIDE TO SECONDARY BUYERS BUYOUTS | VCJ | 7Guide To Secondary Buyers & Intermediaries 2017
If closed, when did it happen? 12/31/2015
COMMITTED ADVISORSMAIN OFFICE
9 rue DaruParis75008Francewww.committedadvisors.com+33 1 72 28 35 30
PERSONNELDaniel BeninManaging [email protected]
Barthelemy de BeaupuyManaging [email protected]
J.B. [email protected]
Guillaume [email protected]
BRANCH OFFICE(S)Committed Advisors North America915 BroadwaySuite 1108New York, [email protected]
Committed Advisors Asia52 Boat Quay# [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2009Number of employees working on secondary deals: 15Preferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 150
COMMONFUNDMAIN OFFICE
15 Old Danbury RoadWilton, CT 06897USAwww.commonfund.org203-563-5000
SCOPE OF OPERATIONSYear group began doing secondary deals: 1993Number of employees working on secondary deals: 50Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): no minimum
CORRUM CAPITAL MANAGEMENT LLCMAIN OFFICE
214 North Tryon StreetSuite 1950Charlotte, NC 28202USAwww.corrumcapital.com704-330-7300704-330-7400
PERSONNELJason [email protected]
John FultonManaging [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2007Does your firm manage funds of funds? Yes
CROW HOLDINGS CAPITAL - INVESTMENT PARTNERSMAIN OFFICE
3819 Maple AvenueDallas, Texas 75219United Stateshttp://crowholdingscapital-ip.com/2146618154
DAVIS CAPITAL, LLCMAIN OFFICE
200 S. Wacker Drive31st FloorChicago, IL 60606USA312-623-4100
DGZ CAPITALMAIN OFFICE
Affiliated company: Capital Z Investment Partners142 West 57th Street3rd FloorNY, NY 10019USA212-965-2379
DRUM CAPITAL MANAGEMENTMAIN OFFICE
Four Stamford Plaza107 Elm Street, 10th FloorStamford, CT 06902www.drumcapital.com203.391.7540
EASTON CAPITAL MAIN OFFICE
767 Third Avenue7th FloorNew York City, New York 10017United Stateswww.eastoncapital.com2127020950
EKAGRATA INC.MAIN OFFICE
Affiliated company: In Colour Capital Inc.83 Aldershot CrescentTorontoONM2P1M2Canadawww.ekagrata.com416-862-6141
PERSONNELPrashant [email protected]
Careu KurtinPrincipal [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2005Number of employees working on secondary deals: 2Does your firm manage funds of funds? NoPreferred secondary investment range:• Minimum (US$millions): 5• Maximum (US$millions): 30
DESCRIPTION OF SERVICESNames of some of your institutional backers: All private family capital of the principals.Do you use leverage in your secondary deals? No
ENDURANCE INVESTMENTSMAIN OFFICE
Alonso de Cordova 5670Las Condes, SantiagoRegion Metropolitana7560875Chilewww.endinv.com+569 68402327
EURO PRIVATE EQUITYMAIN OFFICE
5 chemin du PavillonLe Grand SaconnexGeneva1218Switzerland
GUIDE TO SECONDARY BUYERS8 | BUYOUTS | VCJ Guide To Secondary Buyers & Intermediaries 2017
SCOPE OF OPERATIONSYear group began doing secondary deals: 2010Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 3• Maximum (US$millions): 50
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
FORT WASHINGTON CAPITAL PARTNERS GROUP (“FW CAPITAL”)MAIN OFFICE
303 BroadwaySuite 1200Cincinnati, Ohio 45202USAwww.fwcapital.com513-361-7600513-361-7605
PERSONNELJoseph A. WoodsManaging Director, Head of Secondary [email protected]
Paul D. CohnManaging [email protected]
Philip D. JohnsonSenior Investment [email protected]
Christopher M. MehlhornSenior Investment [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2003Number of employees working on secondary deals: 4Preferred secondary investment range:• Minimum (US$millions): 5• Maximum (US$millions): 30
DESCRIPTION OF SERVICESNames of some of your institutional backers: Western and Southern Life Insurance Company; City of Cincinnati Board of Trustees of Retirement; Kentucky Farm Bureau Mutual Insurance Co.; Brown-Forman Corporation; Bethesda, Inc. Do you use leverage in your secondary deals? No
GALILEO GLOBAL SECURITIESMAIN OFFICE
10 Rockefeller PlazaSuite 1001New York, NY 10020United Stateshttp://galileoglobaladvisors.com/212 332 6042
GOLDMAN, SACHS & CO.MAIN OFFICE
200 West StreetNew York, NY 10282www.gs.com212-902-1000
PERSONNELHarold HopeManaging [email protected]
Steve LessarManaging [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 1997Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 1000
DESCRIPTION OF SERVICESAs one of the largest and most established private equity investors in the market, Goldman Sachs’ Alternative Investments & Manager Selection (AIMS) Group is an active investor on the secondary market. Through our Vintage Funds, we have been acquiring traditional limited partnership interests and direct secondary investments for 20 years. We invest around the world and across all strategies in the illiquid markets, pursuing transactions that range in size from $1 million to over $1 billion.
GRIFFIN FINANCIAL GROUPMAIN OFFICE
485 Madison Avenue20th FloorNew York, NY 10022USAwww.griffinfingroup.com646-254-6397
PERSONNELPaul DelaneySenior Managing [email protected]
Mitch FenimoreSenior Vice [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2008Number of employees working on secondary deals: 6Does your firm manage funds of funds? No
DESCRIPTION OF SERVICESWe work with limited partners, corporate investors and general partners seeking private equity portfolio solutions through confidential, directly negotiated transactions. Our focus is on both limited partnership interests, as well as direct stakes in portfolio companies for firms who might be seeking liquidity, a rebalancing of their portfolio, or to achieve other strategic objectives.
HAMILTON LANEMAIN OFFICE
One Presidential Blvd4th FloorBala Cynwyd, PA 19004USAwww.hamiltonlane.com610 934 2222610 617 9853
HARBOURVEST PARTNERS, LLCMAIN OFFICE
One Financial CenterBoston, MA 02111USAwww.harbourvest.com617-348-3707617-350-0305
PERSONNELRandall MinerSales Enablement [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 1986Number of employees working on secondary deals: 28Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 75• Maximum (US$millions): 150
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? Yes
HARKEN CAPITALMAIN OFFICE
101 Federal Street19th FloorBostonMA02110USAwww.harkencapital.com617-342-7333
HQ CAPITAL PRIVATE EQUITY LLCMAIN OFFICE
1290 Avenue of the Americas10th floorNew York, NY 10104USAwww.hqcapital.com+1-212-863-2300+1-212-593-2974
PERSONNELTim BrodyManaging [email protected]
GUIDE TO SECONDARY BUYERS BUYOUTS | VCJ | 9Guide To Secondary Buyers & Intermediaries 2017
Chris LawrenceManaging [email protected]
Christian MunafoManaging [email protected]
Lucian WuManaging [email protected]
BRANCH OFFICE(S)HQ Capital (Deutschland) GmbHAm Pilgerrain 17Bad Homburg v.d. Höhe61352Germany
HQ Capital (UK) Limited19 Eastbourne TerracePaddingtonLondonW2 6LGUnited Kingdom
HQ Capital Asia LimitedOne Exchange Square8 Connaught Place, Suite 1704, 17/FHong Kong
ChinaHQ Capital ShanghaiSuite 1578, 15/F Tower 2 Plaza 66No. 1266 West Nanjing RoadJing’An District, Shanghai200040China
HQ Capital TokyoEast Tower, 4th Floor, Otemachi First Square1-5-1 Otemachi, Chiyoda-kuTokyo100-0004Japan
SCOPE OF OPERATIONSYear group began doing secondary deals: 1992Number of employees working on secondary deals: 27Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 10• Maximum (US$millions): 20
HSBCMAIN OFFICE
78 St. James StreetLondonSW1A 1JBUKwww.hsbc.com44 207 860 5279
IDINVEST PARTNERSMAIN OFFICE
117 avenue des Champs ElyséesParis75008France
http://www.idinvest.com/en+33 (0) 1 58 18 56 56+33 (0) 1 58 18 56 89
PERSONNELChristophe [email protected]
BRANCH OFFICE(S)Idinvest Partners117 avenue des Champs ElyséesParis75008France
SCOPE OF OPERATIONSYear group began doing secondary deals: 2000Number of employees working on secondary deals: 9Preferred secondary investment range:• Minimum (US$millions): 0• Maximum (US$millions): 100
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? Yes
IFG COMPANIESMAIN OFFICE
825 Third Avenue35th floorNew York, NY 10022USAwww.ifgcompanies.com212/379-6213
PERSONNELCorrine GlassManaging Director
INDUSTRY VENTURESMAIN OFFICE
30 Hotaling Place3rd FloorSan Francisco, CA 94111United Stateswww.industryventures.com415-273-4201
INEO CAPITALMAIN OFFICE
2127 Brickell AvenueSuite 1802Miami, FL 33129USA203 979 4805
PERSONNELMark SirinyanManaging [email protected]
JASPER RIDGE PARTNERSMAIN OFFICE
2885 Sand Hill RoadSuite 100Menlo Park, CA 94025USAwww.jasperridge.com(650) 494-4800
JENERATION CAPITALMAIN OFFICE
36/F Two IFC8 Finance StreetHong KongHong Kongwww.jenerationcapital.com852-3898-0300
PERSONNELVincent [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2015
JIRA CAPITAL & CONSULT GMBHMAIN OFFICE
Schusterweg 26Grasbrunn / MunichBavaria85630Germanywww.jira-cc.com+49 89 4398 7830+49 89 4398 7831
PERSONNELAlexander JiraOwner / Managing [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2008Number of employees working on secondary deals: 1Does your firm manage funds of funds? NoPreferred secondary investment range:• Minimum (US$millions): 5• Maximum (US$millions): 500
DESCRIPTION OF SERVICESWorking as intermediary in secondary transactions - either on buy or sell side. Focus on clients in Western Europe.
GUIDE TO SECONDARY BUYERS10 | BUYOUTS | VCJ Guide To Secondary Buyers & Intermediaries 2017
KNIGHTSBRIDGE ADVISERSMAIN OFFICE
125 Cambridgepark DriveSuite 400BCambridge, MA 2140USAhttp://knightsbridgeusa.com/617-354-0042617-876-0204
KRAIN REAL ESTATEMAIN OFFICE
1003 N Damen AveChicago, IL 60622USAwww.krainrealestate.com773-235-0111773-572-0236
LANDMARK PARTNERSMAIN OFFICE
10 Mill Pond LaneSimsbury, CT 06070USAwww.landmarkpartners.com860-651-9760860-651-8890
BRANCH OFFICE(S)681 Fifth Avenue14th FloorNew York, NY 10022USA
265 Franklin Street18th FloorBoston, MA 02110USA
52 Jermyn StreetLondonSW1Y 6LXUnited Kingdom
LEXINGTON PARTNERS MAIN OFFICE
660 Madison Avenue 23rd FloorNew York, NY 10065United Stateswww.lexingtonpartners.com 212-754-0411
PERSONNELBrent NicklasManaging [email protected]
Mark [email protected]
Kirk [email protected]
Duncan [email protected]
Anthony GartonPartner, Investor [email protected]
Thomas GiannettiPartner & [email protected]
Charles [email protected]
Timothy Huang [email protected]
Rebecca John Partner, Investor [email protected]
Jennifer [email protected]
Marshall [email protected]
John [email protected]
Jose Sosa del [email protected]
Victor [email protected]
BRANCH OFFICE(S)Lexington Partners111 Huntington AvenueSuite 2920Boston, MA 02199United States
Lexington Partners3000 Sand Hill RoadBuilding 1, Suite 220Menlo Park, CA 94025United States
Lexington Partners U.K. LLP50 Berkeley StreetLondonW1J 8HAUnited Kingdom
Lexington Partners Asia Limited15/F York House, The Landmark15 Queen’s Road CentralCentralHong Kong
Lexington Partners Chile SpA3477 Isidora Goyenechea Avenue17th Floor, Suite 170 BLas Condes, SantiagoChile
SCOPE OF OPERATIONSYear group began doing secondary deals: 1990Number of employees working on secondary deals: 40Name of the newest dedicated secondary fund you are investing from: Lexington Capital Partners VIII, L.P., Lexington Middle Market Investors III, L.P.Amount Secured (US$millions): 11,170Open or closed? Closed:Preferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 2000
DESCRIPTION OF SERVICESLexington’s secondary acquisition funds acquire diversified portfolios of private equity and alternative investments through secondary market transactions. Lexington Partners screens all transactions in the secondary market from complex, multi-billion-dollar portfolio acquisitions to single interest purchases, direct and co-investment secondaries, and focuses on assets offering the most attractive risk-adjusted returns throughout the economic cycle. Lexington Partners has built a diversified global portfolio of private equity and alternative investments with meaningful participation in each of the major sectors. Lexington Partners has acquired secondary interests managed by over 650 sponsors.Names of some of your institutional backers: Over 700 leading corporate and public pension funds, sovereign wealth funds, insurance companies, financial institutions, endowments, foundations and family offices from more than 30 countries.
LIGHTPATH CAPITALMAIN OFFICE
1453 Third Street PromenadeSanta Monica, CA 90405U.S.A.www.lightpathcapital.com310.800.3269
MANTRA INVESTMENT PARTNERSMAIN OFFICE
37 rue des AcaciasParis75017Francewww.mantrainvest.com+33 142 866 535
Lexington Partners
GUIDE TO SECONDARY BUYERS12 | BUYOUTS | VCJ Guide To Secondary Buyers & Intermediaries 2017
PERSONNELFabrice [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2008Number of employees working on secondary deals: 8Preferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 20
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
MERCER INVESTMENT CONSULTING, LLCMAIN OFFICE
Affiliated company: Mercer Private Markets3560 Lenox RoadSuite 2400Atlanta, GA 30326USA404-442-3259
PERSONNELMichael [email protected]
Harry [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2012Number of employees working on secondary deals: 6Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 25
DESCRIPTION OF SERVICESMercer Private Markets provides discretionary and non-discretionary advisory services to institutional investors. Mercer acquires secondary interests in private market funds on behalf of discretionary pools of capital.Do you use leverage in your secondary deals? No
MERCURY PARTNERSMAIN OFFICE
22 IndustriestrasseZug6302Switzerlandwww.mercuryp.com+41 22 346 89 90
PERSONNELRainer BuschManaging [email protected]
SCOPE OF OPERATIONSPreferred secondary investment range:• Minimum (US$millions): 5• Maximum (US$millions): 50
MESIROW FINANCIAL PRIVATE EQUITYMAIN OFFICE
353 North Clark StreetChicago, IL 60654USAwww.mesirowfinancial.com/privateequity312-595-6099312-595-6211
PERSONNELMarc SacksChief Executive [email protected]
Bob DeBoltChief Investment [email protected]
Ryan FedronichSenior Vice [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2009Number of employees working on secondary deals: 7Preferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 150
DESCRIPTION OF SERVICESMesirow Financial Private Equity develops partnership fund portfolios of leading private equity managers in the U.S. and Europe. These portfolios are well diversified to include buyout, growth equity, venture capital and mezzanine debt managers, in addition to opportunistically targeting secondary purchases.
MICROVENTURESMAIN OFFICE
2905 San Gabriel StSuite 212Austin, TX 78705USAwww.microventures.com415-426-7832
MIDCOAST CAPITAL, LLCMAIN OFFICE
Affiliated company: Diversified Private Equity Investors1430 Pheasant Run CircleYardley, PA 19067USAwww.midcoastcapital.com610-322-8800
PERSONNELStephen HarrisManaging [email protected]
Michael CuneoManaging [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2002Number of employees working on secondary deals: 2Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 0.05• Maximum (US$millions): 2
DESCRIPTION OF SERVICESWhile we purchase from a broad spectrum of sellers we are particularly facile in helping general partners bring their funds to a close.Do you use leverage in your secondary deals? No
MILLENNIUM TECHNOLOGY VALUE PARTNERSMAIN OFFICE
32 Avenue of the Americas17th FloorNew York, NY 10013USwww.mtvlp.com646-521-7800646-521-7878
MORGAN STANLEYMAIN OFFICE
522 Fifth AvenueNew York, NY 10036USAwww.ms.com212-296-6908
SCOPE OF OPERATIONSYear group began doing secondary deals: 2010Number of employees working on secondary deals: 6Does your firm manage funds of funds? Yes
MUSTANG CAPITAL PARTNERS LLCMAIN OFFICE
4643 S. Ulster StreetSTE. 700Denver, CO 80237USAwww.mustangcapital.com303-298-1490
SCOPE OF OPERATIONSYear group began doing secondary deals: 2003Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 200
GUIDE TO SECONDARY BUYERS BUYOUTS | VCJ | 13Guide To Secondary Buyers & Intermediaries 2017
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
NEWBURY PARTNERSMAIN OFFICE
100 First Stamford PlaceStamford, CT 06902www.newbury-partners.com203-428-3600
DESCRIPTION OF SERVICESNewbury Partners is a secondary fund of funds manager based in Stamford, Connecticut. Newbury Partners also actively commits capital to private equity co-investments. Newbury currently manages more than USD 2.8 billion of capital commitments across three investment funds.
NORGESINVESTOR OPPORTUNITIESMAIN OFFICE
P.O. Box 1863 VikaOsloNorsk124Norwaywww.norgesinvestor.com011-4722019335
NORTH SKY CAPITALMAIN OFFICE
33 South Sixth StreetSuite 4646Minneapolis, Minnesota 55402United Stateswww.northskycapital.com612-435-7158612-435-7159
NORTHERN TRUSTMAIN OFFICE
50 South LaSalle StreetChicago, IL 60603https://www.northerntrust.com/asset-management/united-states/services/alternative-investments/private-equity312-557-0805
NORTHLEAF CAPITAL PARTNERSMAIN OFFICE
79 Wellington Street WestTorontoOntarioM5K1N9Canadahttp://www.northleafcapital.com/+1 866 964 4141+1 416 304 0195
OMAHA BEACH CAPITALMAIN OFFICE
20801 Biscayne BlvdAventura, Florida 33180United Stateswww.omahabeachcapital.com786-923-0256
SCOPE OF OPERATIONSYear group began doing secondary deals: 10Number of employees working on secondary deals: 2Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 10
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
OXFORD PARTNERS INCMAIN OFFICE
2900 Charlevoix Drive SESuite 360Grand Rapids, MI 49546USAwww.oxfordpartners.com616-575-6575
OXIS CAPITAL INC.MAIN OFFICE
150 East 69th StreetNew York, NY 10021United States212-375-6147917-591-2680
SCOPE OF OPERATIONSYear group began doing secondary deals: 2014Number of employees working on secondary deals: 2Does your firm manage funds of funds? No
DESCRIPTION OF SERVICESWe sell secondary interests in liquidating portfolios. Often when the portfolios are controlled by a Receiver.
PANTHEONMAIN OFFICE
Norfolk House31 St. James’s SquareLondonSW1Y 4JRUnited Kingdomwww.pantheon.com+44 20 7484 6200+44 20 7484 6201
PARTNERS GROUPMAIN OFFICE
Zugerstrasse 57BaarZug6341Switzerlandwww.partnersgroup.com+41 41 784 60 00+ 41 41 784 60 01
BRANCH OFFICE(S)Partners GroupThe Grace Building1114 Avenue of the Americas, 37th FloorNew York, New York 10036USA
Partners Group71 Robinson Road, Level 13-0168895Singapore
PATHWAY CAPITAL MANAGEMENT, LPMAIN OFFICE
2211 Michelson DriveNinth FloorIrvine, CA 92612USAwww.pathwaycapital.com949-622-1000949-622-1010
PERSONNELPete [email protected]
BRANCH OFFICE(S)Pathway Capital Management, LPThe Gardens Office Park II1300 Division Road, Suite 305West Warwick, RI 2893USA
Pathway Capital Management (UK) Limited15 Bedford StreetLondonWC2E 9HEUnited Kingdom
Pathway Capital Management (UK) LimitedLevel 8, Two Exchange Square8 Connaught PlaceCentralHong Kong
SCOPE OF OPERATIONSYear group began doing secondary deals: 1999Number of employees working on secondary deals: 7Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 3• Maximum (US$millions): 150
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
GUIDE TO SECONDARY BUYERS14 | BUYOUTS | VCJ Guide To Secondary Buyers & Intermediaries 2017
PATRIARCH PARTNERSMAIN OFFICE
1 Broadway5th FloorNew York, New York 10004United Stateshttp://patriarchpartners.com/212-825-0550
PERMAL CAPITAL MANAGEMENTMAIN OFFICE
Affiliated company: Legg MasonThe Prudential Tower800 Boylston Street, Suite 1325Boston, MA 02199United Stateswww.permalcapital.com617-587-5300617-587-5301
PERSONNELRed BarrettPresident and [email protected]
Mike D’AgostinoManaging [email protected]
Rob Di GeronimoManaging [email protected]
Adriaan Zur MuhlenManaging [email protected]
Aaron [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2001Number of employees working on secondary deals: 18Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 100
DESCRIPTION OF SERVICESPermal Capital Management is a private equity investment specialist with over 20 years of dedicated experience and $2.1 billion in committed capital as of December 31, 2015. Since inception in 1994, we have focused on opportunities at the smaller end of the market. The Firm’s investment platform of secondary market funds and primary fund-of-funds has grown to include commingled vehicles, separately managed accounts and direct co-investments. We leverage our extensive knowledge of the marketplace, experience in various economic cycles, access to quality private equity managers and expertise in evaluating managers and investment opportunities to provide our global client-base with thoughtful and dynamic solutions to achieve their investment goals.Do you use leverage in your secondary deals? No
PINEBRIDGE INVESTMENTS LLCMAIN OFFICE
399 Park Avenue4th FloorNew York, NY 10022USAwww.pinebridge.com646-857 8000646-328-2872
PORTFOLIO ADVISORSMAIN OFFICE
9 Old Kings Highway SouthDarien, CT 06820United Stateshttp://www.portfolioadvisorsllc.com/203-662-3456 203-662-0013
PERSONNELHugh PerloffManaging [email protected]
Patrick GerbrachtSenior Vice [email protected]
Ben HurSenior Vice [email protected]
BRANCH OFFICE(S)Portfolio Advisors, LLCBrandschenkestrasse 4Zurich8001Switzerland
Portfolio Advisors (Hong Kong) Limited 33/F, Alexandra House 18 Chater Road, CentralHong Kong China
SCOPE OF OPERATIONSYear group began doing secondary deals: 2002Number of employees working on secondary deals: 12Secondary capital invested in 2015 (US$millions): 500Secondary capital invested in 2016 (US$millions): 450Amount of secondary capital you expect to invest in 2017 (US$millions): 500Does your firm manage funds of funds? YesName of the newest fund of funds through which you invest in secondaries: Portfolio Advisors Private Equity Fund IXOpen or closed? Closed:If closed, when did it happen? 03/31/2016Name of the newest dedicated secondary fund you are investing from: Portfolio Advisors Secondary Fund IIITarget (US$millions): 1000Open or closed? Open:Preferred secondary investment range:• Minimum (US$millions): 5• Maximum (US$millions): 400
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
PRIVATE ADVISORSMAIN OFFICE
901 East Byrd StreetSuite 1400Richmond, VA 23219USAwww.privateadvisors.com804-289-6000804-289-6001
PROVAL INVESTMAIN OFFICE
1c King StreetLondonLondonsw6 2hjUKprovalinvest.com+44 203 290 4802
RECIPROCAL CAPITALMAIN OFFICE
80 Broad Street5th FloorNew York, NY 10004USAwww.reciprocalcapital.com917-288-3834
SCOPE OF OPERATIONSYear group began doing secondary deals: 2015Number of employees working on secondary deals: 1Preferred secondary investment range:• Minimum (US$millions): 10
DESCRIPTION OF SERVICESReciprocal Capital is a specialist investment company focused on private equity secondaries and co-investments. Reciprocal works closely with leading institutional investors, general partners and advisors.Do you use leverage in your secondary deals? Yes
ROC PARTNERSMAIN OFFICE
Level 2560 Wyndham StreetCentralHong Kongwww.rocp.com852 5804 9001
RUBICON VENTURE CAPITALMAIN OFFICE
25 Taylor StSan Francisco, California 94102United Stateswww.rubicon.vc6504756877
GUIDE TO SECONDARY BUYERS BUYOUTS | VCJ | 15Guide To Secondary Buyers & Intermediaries 2017
PERSONNELAndrew RomansGeneral [email protected]
SAINTS CAPITALMAIN OFFICE
2020 Union StreetSan Francisco, CA 94123www.saintscapital.com4157732080
SAVANO CAPITAL PARTNERSMAIN OFFICE
901 S Bond StSTE 400Baltimore, MD 21231USAwww.brownsavano.com410-537-5400
SEQUENTIAL ADVISORS LPMAIN OFFICE
1 River RoadCos Cob, CT 06807USAhttp://sequentialadvisors.com/203-717-1600
SL CAPITAL PARTNERSMAIN OFFICE
1 George StreetEdinburghEH2 2LLUKwww.slcapital.com00-44-131-245-005500-44-131-245-6105
SPEAKGLOBAL, LTD.MAIN OFFICE
Affiliated company: SpeakGlobal, Inc.27-6-202 Tanigami NishimachiKita-kuKobeHyogo651-1246Japanhttp://www.speakglobal.co.jp078-583-5070078-583-5070
SPECTRA INVESTMENTSMAIN OFFICE
Rua Padre Garcia Velho n73 cj81Sao PauloSao Paulo05421-030Brasilwww.spectrainvest.com+55-11-3588-1177
PERSONNELRicardo [email protected]
Rafael [email protected]
Renato [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2012Number of employees working on secondary deals: 3Does your firm manage funds of funds? YesPreferred secondary investment range:• Minimum (US$millions): 1• Maximum (US$millions): 50
DESCRIPTION OF SERVICESSpectra is an investor in Latin American Private Equity. We do primaries, secondaries and co-invest.Names of some of your institutional backers: BNP Paribas, Banco Bradesco, Banco Fator, Banco Daycoval, Sabesprev,Do you use leverage in your secondary deals? No
STAFFORD CAPITAL PARTNERSMAIN OFFICE
Affiliated company: Stafford Private Equity Inc700 Larkspur Landing CircleSuite 267Larkspur, CA 94939USAstaffordcp.com415-481-0899
STAR MOUNTAIN CAPITALMAIN OFFICE
135 E. 57th Street25th FloorNew York, NY 10022United Stateshttp://www.starmountaincapital.com/212-810-9044
SCOPE OF OPERATIONSAmount of secondary capital you expect to invest in 2017 (US$millions): $150 – 200
DESCRIPTION OF SERVICESStar Mountain provides discreet and customizable liquidity solutions by making secondary purchases of individual limited partnership interests or portfolios of
LP interests in lower middle-market private credit and equity funds, in some cases within existing primary fund and/or co-investment relationships of the firm. Star Mountain also makes secondary purchases of existing lower middle-market loan portfolios to provide liquidity solutions to fund managers, institutions and individuals.
STEPSTONE GROUP LPMAIN OFFICE
885 Third Avenue17th FloorNew York, NY 10022USAwww.stepstoneglobal.com212.351.6100212.351.6101
PERSONNELThomas BradleyPartner, Co-head of [email protected]
Mark MaruszewskiPartner, Co-head of [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2009Number of employees working on secondary deals: 20Does your firm manage funds of funds? NoPreferred secondary investment range:• Minimum (US$millions): 5• Maximum (US$millions): 100
DESCRIPTION OF SERVICESStepStone targets transactions in the secondary market that the Firm deems to be less competitive and/or where it is believed that StepStone has a distinct advantage over other buyers. These include proprietary and negotiated transactions; single interest or single manager transactions; smaller transactions that trade outside of the brokered market; transactions where GPs seek to further a relationship with StepStone and where we are therefore the preferred replacement limited partner; spin-out transactions where StepStone represents a differentiated and attractive limited partner; and transactions where StepStone has an information advantage over other potential buyers.Names of some of your institutional backers: Representative client types include public pensions, superannuation funds, international corporates, endowments, foundations, family offices and high net worth/private banking platforms.Do you use leverage in your secondary deals? No
STRATEGIC PARTNERS FUND SOLUTIONSMAIN OFFICE
Affiliated company: The Blackstone Group345 Park AvenueNY, NY 10154USAhttp://www.blackstone.com/businesses/aam/strategic-partners
GUIDE TO SECONDARY BUYERS16 | BUYOUTS | VCJ Guide To Secondary Buyers & Intermediaries 2017
STRATIM CAPITALMAIN OFFICE
333 Bush StreetSuite 2250San Francisco, California 94104United Stateswww.stratimcapital.com4156745800
T CAPITAL PARTNERS, LLCMAIN OFFICE
Concord, MA USAwww.tcapitalpartners.com857-209-8516
PERSONNELThayer SwartwoodManaging [email protected]
TMT CAPITAL PARTNERS, LLCMAIN OFFICE
680 North Lake Shore DriveSuite 1619Chicago, IL 60611United States of Americawww.tmtcapital.com773-220-5910
PERSONNELThomas M. TurmellManaging [email protected]
SCOPE OF OPERATIONSAmount of secondary capital you expect to invest in 2017 (US$millions): 20
TOP CAPITAL ADVISORSMAIN OFFICE
63 Main StreetSuite 202Southampton, NY 11968USAwww.topcapitaladvisors.com+1-631-287 6035
TOP TIER CAPITAL PARTNERSMAIN OFFICE
600 Montgomery StreetSuite 480San Francisco, CA 94111USAwww.ttcp.com415-835-7500415-835-7501
TRAVELLER CAPITAL ADVISORSMAIN OFFICE
3879 Maple AvenueSte 300Dallas, Texas 75219www.travellercapital.com214-702-5123
PERSONNELDrew CrichtonManaging [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2013Preferred secondary investment range:• Minimum (US$millions): 0.1• Maximum (US$millions): 2.5
DESCRIPTION OF SERVICESDo you use leverage in your secondary deals? No
TRIAGOMAIN OFFICE
499 Park AvenueNew York, New York 10022USAwww.triago.com +1 (212) 593-4994 +1 (212) 593-0180
PERSONNELAntoine [email protected]
Victor QuirogaFounding [email protected]
Mathieu DreanManaging [email protected]
Nicolas de NazelleManaging [email protected]
Anna [email protected]
Fabian Mourgue D’AlguePartner & Corporate [email protected]
Katrin Brö[email protected]
Tina [email protected]
Virginie [email protected]
David LanchnerExternal Head of [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 1994
DESCRIPTION OF SERVICESFounded in 1992 as one of the first private equity fund placement agents, we have completed over 150 fundraisings on five continents and advised on the transfer of more than 1,600 secondary positions in private equity funds. Triago has also undertaken 40 strategic advisory mandates for GPs and LPs looking to launch, boost, or restructure PE fund operations. The hallmarks of our service are alignment with client interests, independence, creativity and confidentiality
TYTO CAPITAL PARTNERSMAIN OFFICE
65 Locust AvenueNew Canaan, CT 06840United Stateswww.tytocapital.com2032041295
UNIGESTION SAMAIN OFFICE
8C Avenue de ChampelGenevaPO Box 387, 1211Switzerlandwww.unigestion.com+41 22 704 41 11
UNIVERSITY OF FLORIDA INVESTMENT CORPORATIONMAIN OFFICE
4510 NW 6th PlaceSecond FloorGainesville, FL 32607USAhttp://www.ufico.ufl.edu/352-392-5917352-334-8077
UNIVERSITY OF ROCHESTERMAIN OFFICE
110 Office ParkPittsford, NY 14534USAwww.rochester.edu/endowment585 275 3311
GUIDE TO SECONDARY BUYERS BUYOUTS | VCJ | 17Guide To Secondary Buyers & Intermediaries 2017
VCFA GROUPMAIN OFFICE
509 Madison AveSuite 1400NY, NY 10022USAwww.vcfa.com212-838-5577212-838-7614
PERSONNELDayton [email protected]
Edward HortickManaging [email protected]
David TomManaging [email protected]
Deena [email protected]
Steve TaubmanManaging [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 1982Number of employees working on secondary deals: 5Does your firm manage funds of funds? NoPreferred secondary investment range:• Minimum (US$millions): 5• Maximum (US$millions): 70
DESCRIPTION OF SERVICESFounded in 1982, VCFA Group pioneered the concept of secondary purchases of limited partnership interests, providing liquidity to investors in private equity. Over the years, VCFA Group and then the secondary industry have both grown in size and significance. To date, VCFA Group has raised nine funds totaling over $730 million dedicated to the purchase of interests in venture capital, leveraged buyout and mezzanine funds, as well as direct interests in operating companies. VCFA also leads complex transactions and fund restructurings.Do you use leverage in your secondary deals? No
VENTURENET CAPITAL GROUPMAIN OFFICE
30724 Benton Road Suite C 302#592Winchester, CA 92596USAwww.vntrnet.com951-236-8473
VINTAGE INVESTMENT PARTNERSMAIN OFFICE
12 Abba Eban AveHerzliyaIsraelwww.vintage-ip.com+972 9 954 8464
W CAPITAL PARTNERSMAIN OFFICE
400 Park AvenueNew York, NY 10022USAwww.wcapgroup.com212-561-5240
PERSONNELDavid WachterManaging [email protected]
Steve WertheimerManaging [email protected]
Todd MillerManaging [email protected]
Alison KillileaManaging [email protected]
Blake HestonManaging [email protected]
Katie StitchManaging [email protected]
Bob MigliorinoManaging [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 2001Number of employees working on secondary deals: 20Preferred secondary investment range:• Minimum (US$millions): 15• Maximum (US$millions): 100
DESCRIPTION OF SERVICESW Capital Partners is a leading provider of shareholder liquidity. W Capital has been a pioneer in the direct secondary market since 2001. The firm has grown to manage $2 billion in capital and completed over 90 direct secondary transactions with many of the leading worldwide private equity firms, venture firms, financial institutions and individual investors. As a provider of secondary exits to shareholders, W Capital gives companies more time, flexibility and capital to execute their growth plans. W Capital provides direct investors an exit for highly illiquid investments in order to generate distributions to limited partners, reallocate resources into new strategic areas and eliminate follow-on capital requirements for portfolio companies. Do you use leverage in your secondary deals? No
WILLOWRIDGE PARTNERSMAIN OFFICE
122 East 42nd Street37th FloorNew York, NY 10017United Stateswww.willowridge.com212-369-4700212-369-5661
PERSONNELJerrold [email protected]
Luisa [email protected]
James O’[email protected]
Lawrence [email protected]
Michael [email protected]
Christopher [email protected]
Andrew [email protected]
William [email protected]
SCOPE OF OPERATIONSYear group began doing secondary deals: 1995Number of employees working on secondary deals: 9Preferred secondary investment range:• Minimum (US$millions): 0.5• Maximum (US$millions): 25
DESCRIPTION OF SERVICESWillowridge Partners, LLC is a leading independent investment manager dedicated to the purchase of interests in venture capital, buyout, mezzanine and other private equity funds from existing investors seeking liquidity. Since 1995, we have completed over 300 transactions and have acquired stakes in over 550 separate funds. Our ability to execute transactions quickly, professionally and privately has been recognized by both selling limited partners and the general partners of funds we acquire. Willowridge manages approximately $900 million of committed capital focused solely on private equity secondaries. Do you use leverage in your secondary deals? No
SECONDARY INTERMEDIARIES
GUIDE TO SECONDARY INTERMEDIARIES BUYOUTS | VCJ | 19Guide To Secondary Buyers & Intermediaries 2017
AXON PARTNERSMAIN OFFICE
111 Buckingham Palace Road3rd FloorLondon SW1W 0SRhttp://www.axonpartners.biz/secondary.htm44 20 7340 8729UK
BRANCH OFFICE(S)AXON Partners AGBahnhofplatzP.O. BoxCH-6302 ZugSwitzerland
CAMPBELL LUTYENS & CO. INC.MAIN OFFICE
630 Fifth Avenue25th FloorNew York, NY 10111United States of Americahttp://www.campbell-lutyens.com/212 223 8448212 214 0558
BRANCH OFFICE(S)Campbell Lutyens & Co. Ltd3 Burlington GardensLondon W1S 3EPUnited Kingdom
Campbell Lutyens Asia Pacific LtdSuite 819, Jardine House1 Connaught PlaceCentralHong Kong
CEBILE CAPITALMAIN OFFICE
2 Berkeley SquareLondonW1J 6EBUnited Kingdomwww.cebile.com+44-203-667-5000
PERSONNEL Sunaina SinhaManaging [email protected]
GREENHILL & CO.MAIN OFFICE
300 Park AvenueNew York, NY 10022United Stateshttp://www.greenhill.com/212 389 1500212 389 1700
HEDGEBAY SECURITIESMAIN OFFICE
62 Post Road WestWestport, CT 06880 USAwww.hedgebay.com203.227.1987
BRANCH OFFICE(S)Hedgebay Trading Corp.Suite 205A, Saffrey SquareBay StreetNassauBahamas242.356.4147
MOZAIC CAPITAL ADVISORSMAIN OFFICE
500 Boylston StreetSuite 1150Boston, MA 02116USAwww.mozaiccapital.com617-329-6100
PERSONNEL Christine [email protected]
Solomon [email protected]
PARK HILL GROUPMAIN OFFICE
280 Park Avenue15th FloorNew York, New York 10017United Stateshttp://parkhillgroup.com/212-364-6099
PERSONNEL Daniel PrendergastCEO
Brian D. LevinePartner
Joseph M. HermanPartner
Sean J. KeenePartner
George J. EberlePartner
Michael A. CaiatiPartner
Joseph NagaePartner
Frank SchmitzPartner
Robert SchoderPartner
Michael StarkPartner
Patrick DalyPartner
Peter MayerPartner
Alexander MoomjyPartner
Lawrence ThuetPartner
BRANCH OFFICE(S)Chicago200 West Madison StreetSuite 3800Chicago, IL 60606USA
San Francisco101 California StreetSuite 3200San Francisco, CA 94111USA
LondonOne Curzon StreetLondonW1J5HDUK
Hong KongOne International Finance CentreNo. 1 Harbour View StreetCentralHong Kong
SydneyOne O’Connell StreetSydneyNSW 2000Australia
SETTER CAPITAL INCMAIN OFFICE
77 Bloor Street WestSuite 1901TorontoOntarioM5S 1M2Canadawww.settercapital.com(416) 964-9555(416) 964-0699
20 | BUYOUTS | VCJ Guide To Secondary Buyers & Intermediaries 2017
17Capital 3
50 South Capital Advisors LLC 3
747 Capital 3
Abbott Capital Management LLC 3
Adams Street Partners LLC 3
Akina Partners 4
Allianz Capital Partners 4
Alpinvest 4
Alternative Investment Management LLC 4
Angelo Gordon & Co 4
Arcis Group 4
Ardian 5
Atlas Peak Capital 5
Bex Capital 5
Billionaire Family Office 5
Bowside Capital 6
CBRE Capital Advisors 6
Cebile Capital LLP 6
Cedar Springs Capital 6
CircleUp 6
CM Capital 6
Coller Capital 6
Committed Advisors 7
Commonfund 7
Corrum Capital Management LLC 7
Crow Holdings Capital - Investment Partners 7
Davis Capital LLC 7
DGZ Capital 7
Drum Capital Management 7
Easton Capital 7
Ekagrata Inc 7
Endurance Investments 7
Euro Private Equity 7
Fort Washington Capital Partners Group (FW Capital) 8
Galileo Global Securities 8
Goldman Sachs & Co 8
Griffin Financial Group 8
Hamilton Lane 8
HarbourVest Partners LLC 8
Harken Capital 8
HQ Capital Private Equity LLC 8
HSBC 9
Idinvest Partners 9
IFG Companies 9
Industry Ventures 9
Ineo Capital 9
Jasper Ridge Partners 9
Jeneration Capital 9
Jira Capital & Consult GMBH 9
Knightsbridge Advisers 10
Krain Real Estate 10
Landmark Partners 10
Lexington Partners 10
Lightpath Capital 10
Mantra Investment Partners 10
Mercer Investment Consulting LLC 12
Mercury Partners 12
Mesirow Financial Private Equity 12
Microventures 12
Midcoast Capital LLC 12
Millennium Technology Value Partners 12
Morgan Stanley 12
Mustang Capital Partners LLC 12
Newbury Partners 13
Norgesinvestor Opportunities 13
North Sky Capital 13
Northern Trust 13
Northleaf Capital Partners 13
Omaha Beach Capital 13
Oxford Partners Inc 13
Oxis Capital Inc 13
Pantheon 13
Partners Group 13
Pathway Capital Management LP 13
Patriarch Partners 14
Permal Capital Management 14
Pinebridge Investments LLC 14
Portfolio Advisors 14
Private Advisors 14
Proval Invest 14
Reciprocal Capital 14
Roc Partners 14
Rubicon Venture Capital 14
Saints Capital 15
Savano Capital Partners 15
Sequential Advisors LP 15
SL Capital Partners 15
Speakglobal LTD 15
Spectra Investments 15
Stafford Capital Partners 15
Star Mountain Capital 15
Stepstone Group LP 15
Strategic Partners Fund Solutions 15
Stratim Capital 16
SECONDARY GUIDE INDEX
BUYOUTS | VCJ | 21Guide To Secondary Buyers & Intermediaries 2017
Axon Partners 19
Campbell Lutyens & Co Inc 19
Cebile Capital 19
Greenhill & Co 19
Hedgebay Securities 19
Mozaic Capital Advisors 19
Park Hill Group 19
Setter Capital Inc 19
SECONDARY INTERMEDIARIES INDEX
SECONDARY GUIDE INDEX
T Capital Partners LLC 16
TMT Capital Partners LLC 16
Top Capital Advisors 16
Top Tier Capital Partners 16
Traveller Capital Advisors 16
Triago 16
Tyto Capital Partners 16
Unigestion SA 16
University of Florida Investment Corporation 16
Univeristy of Rochester 16
VCFA Group 17
Venturenet Capital Group 17
Vintage Investment Partners 17
W Capital Partners 17
Willowridge Partners 17
22 | BUYOUTS | VCJ Guide To Secondary Buyers & Intermediaries 2017
INDICES: SECONDARY BUYERS
SECONDARY BUYERS, BY TYPE OF INVESTMENT DESIRED
Buyo
ut fu
nds
Vent
ure
capi
tal f
unds
Mez
zani
ne fu
nds
Spec
ial s
ituat
ion
fund
s
Hedg
e fu
nds
Real
est
ate
fund
s
Infr
astr
uctu
re fu
nds
Dom
estic
fund
s
Inte
rnat
iona
l fun
ds
Fund
s of
fund
s
Stap
led
seco
ndar
ies
Part
ial i
nter
ests
in
fund
s (in
whi
ch s
elle
r m
aint
ains
a s
take
)
Inte
rest
in p
riva
te
com
pani
es (s
econ
dary
di
rect
s)
Synd
icat
e pa
rtic
ipat
ion
Fund
Rec
apita
lizat
ions
50 South Capital Advisors LLC X X X X X X X X X X X X X
747 Capital X X X X X
Abbott Capital Management, LLC X X X X X X X X X X X
Adams Street Partners, LLC X X X X X X X X X X X X X
Akina Partners X X X X X X
Allianz Capital Partners X X
ARCIS Group X X X X
ARDIAN X X
BEX Capital X
Bowside Capital X X X
CBRE Capital Advisors X X X X X
Cebile Capital LLP X X X X X X X X X X X X X X X
Cedar Springs Capital X X X X X X X X X X X X X X X
CM Capital X X X X X X X X X X
Committed Advisors X X X X X X X X X X X X X X X
Commonfund X X X X X X X X X X X X X X
Corrum Capital Management LLC X X X X X X X
Ekagrata Inc. X X X X X
Euro Private Equity X X X X
Fort Washington Capital Partners Group ("FW Capital")
X X X X X X X X X
HarbourVest Partners, LLC X X X X X X X X X X
HQ Capital Private Equity LLC X X X X X X X X X X X X X X
Idinvest Partners X X X X X X X X
IFG Companies X X X X X X X X X
Jeneration Capital X X X X X X X X X X X X
JIRA CAPITAL & CONSULT GMBH X X X X X X X X
Lexington Partners X X X X X X X X X X X X X X X
Mantra Investment Partners X X X X X X X X X X X X X X
Mercer Investment Consulting, LLC X X X X X X X X X X X
Mercury Partners X X X X X X X X X X X X
Mesirow Financial Private Equity X X X X X X X X
MidCoast Capital, LLC X X X X X X X X X X X X
Morgan Stanley X X X
Mustang Capital Partners LLC X X X X X X X X
Omaha Beach Capital X X X X X X X
Oxis Capital Inc. X
Pathway Capital Management, LP X X X
Permal Capital Management X X X X X X X X
Portfolio Advisors X X X X
Reciprocal Capital X X X X X X X X X X X X X
Spectra Investments X X X X X X X X X X X
StepStone Group LP X X X X X X X X X X X X X
Traveller Capital Advisors X X X X
Triago X X X X X X X X X X X X X X
VCFA Group X X X X X X X
W Capital Partners X X X X
Willowridge Partners X X X X X X X X X X X X X X
BUYOUTS | VCJ | 23Guide To Secondary Buyers & Intermediaries 2017
INDICES: SECONDARY BUYERS
SECONDARY BUYERS, GEOGRAPHIC PREFERENCE OF INVESTMENTS
Unite
d St
ates
Cana
da
Latin
/Sou
th
Amer
ica
Euro
pe
Asia
-Pac
ific
Aust
ralia
/Ne
w Z
eala
nd
Afri
ca
Mid
dle
East
17Capital X X X
50 South Capital Advisors LLC X X X X
747 Capital X
Abbott Capital Management, LLC X X X X X
Adams Street Partners, LLC X X X X X X X X
Akina Partners X
Allianz Capital Partners X X X X X X
ARCIS Group X
ARDIAN X X X X
BEX Capital X X X
Bowside Capital X X
CBRE Capital Advisors X X
Cebile Capital LLP X X X X X X X X
Cedar Springs Capital X X X X X X X X
CM Capital X X X X
Committed Advisors X X X X X X X X
Commonfund X X X X X X X X
Corrum Capital Management LLC X X X X X
Ekagrata Inc. X X X X
Euro Private Equity X
Fort Washington Capital Partners Group ("FW Capital") X X
HarbourVest Partners, LLC X X X X X X
HQ Capital Private Equity LLC X X X X X X X X
Idinvest Partners X
IFG Companies X
Jeneration Capital X X X X X
JIRA CAPITAL & CONSULT GMBH X X X X X
Lexington Partners X X X X X X
Mantra Investment Partners X X X X X X X X
Mercer Investment Consulting, LLC X X X X
Mercury Partners X X X X
Mesirow Financial Private Equity X X X X X X
MidCoast Capital, LLC X X X X X
Morgan Stanley X
Mustang Capital Partners LLC X X X X X X X
Omaha Beach Capital X X X X
Oxis Capital Inc. X
Pathway Capital Management, LP X X X X X X
Permal Capital Management X X X
Portfolio Advisors X X X X
Reciprocal Capital X X X X X X X X
Spectra Investments X
StepStone Group LP X X X X X X
Traveller Capital Advisors X
Triago X X X X X X X X
VCFA Group X
W Capital Partners X X X
Willowridge Partners X X X X X X
24 | BUYOUTS | VCJ Guide To Secondary Buyers & Intermediaries 2017
SECONDARY BUYERS, BY PREFERRED AGE OF FUND INVESTMENTSFirm Name 1-2 years 3-4 years 5-6 years 7 years or older
50 South Capital Advisors LLC X X X X
747 Capital X X X X
Abbott Capital Management, LLC X X X
Adams Street Partners, LLC X X X X
Akina Partners X X
Allianz Capital Partners X X X X
ARCIS Group X X
ARDIAN X X X
BEX Capital X
Bowside Capital X X X X
Cebile Capital LLP X X X X
Cedar Springs Capital X
CM Capital X X X X
Committed Advisors X X X X
Commonfund X X X X
Ekagrata Inc. X X
Euro Private Equity X X X
Fort Washington Capital Partners Group ("FW Capital") X X X X
HarbourVest Partners, LLC X
HQ Capital Private Equity LLC X X X X
Idinvest Partners X X
JIRA CAPITAL & CONSULT GMBH X X X X
Lexington Partners X X X X
Mantra Investment Partners X X X
Mercer Investment Consulting, LLC X X
Mercury Partners X X
Mesirow Financial Private Equity X X X X
MidCoast Capital, LLC X X
Mustang Capital Partners LLC X X X X
Omaha Beach Capital X X
Pathway Capital Management, LP X X X X
Permal Capital Management X X X
Portfolio Advisors X X
Reciprocal Capital X X X X
Spectra Investments X X X
StepStone Group LP X X
Traveller Capital Advisors X X
VCFA Group X X
Willowridge Partners X X X
INDICES: SECONDARY BUYERS