Northern Trust adds PE expertise to alternatives group
Northern Trust has expanded its alternatives group with two appointments focused on investment opportunities in venture capital and secondary markets for private equity.
James R ‘Trey’ Hart III , who is responsible for sourcing and analysing venture capital investment opportunities in the US and Asia, joined Northern Trust from Greenspring Associates, a global venture capital fund-of-funds based in Baltimore, Maryland.
Adam R Freda, who focuses on sourcing, valuing and executing private equity and venture capital transactions on the secondary market, was previously at Wind Point Partners, a middle-market leveraged buyout fund based in Chicago.
"These appointments help to strengthen and diversify our capabilities in private equity, which continues to attract strong interest as an asset class," says Robert Morgan, managing director of the Northern Trust alternatives group. "Trey and Adam bring a range of experience at some of the country’s top private equity firms. We are excited about our ability to offer a broader set of strategies to help institutional and individual investors access these markets.”
Hart was active in all aspects of the investment process at Greenspring Associates, including primary fund investments, direct investments and secondary fund investments. Prior to Greenspring, he was an associate in the private equity practice of Kirkland & Ellis, the international law firm.
Freda’s experience at Wind Point included deal sourcing, due diligence, capital raising, deal negotiation, and working with companies post-investment. Prior to Wind Point, he worked as an analyst at Citi’s investment banking group, focused on the automotive and metals and mining industries.
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