Andrew Caspersen joins Park Hill in secondary advisory business
Andrew Caspersen has joined as a managing principal of Park Hill, a division of Blackstone, with a focus on its secondary advisory business.
The business delivers liquidity and capital solutions to private equity investors and managers.
Caspersen was most recently a principal at Coller Capital, where he sourced, evaluated and closed secondary transactions in the US market.
Larry Thuet, a senior managing director at Park Hill, says: “We are delighted that Andrew is joining us. As private equity matures as an asset class, there is a growing need for both investors in, and managers of, older vintage private equity funds to increase their options as to how and when they monetize their portfolios to enhance liquidity and access new capital. We expect that providing secondary solutions in this area will continue to be an important part of our services we provide our clients.”
Caspersen says: “I am pleased to join Park Hill. It has an outstanding track record as a trusted adviser both to LPs and GPs. We can build on these relationships as we offer this new suite of services to tailor solutions to particular needs.”
Caspersen will lead Park Hill’s effort to deliver capital solutions to mature funds by working directly with private equity fund managers and limited partners through structured secondary transactions.
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