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Aberdeen makes private equity appointments

Aberdeen Asset Management is further developing its alternatives business with the promotion of John Dickie to co-head of US private equity, alongside Scott Reed, and the appointment of Whit Matthews.

Matthews joins Aberdeen’s US private equity team as senior investment manager, strengthening the private equity investment capabilities of the firm’s global alternatives division, which has grown to USD32 billion of assets under management.
 
Over the past year Aberdeen has integrated its private capital teams to form a group that covers all of the world’s leading financial centres spanning the US, Europe and Asia.
 
The 50 person-strong private equity team now combines the resources of the platform with the boutique investment capabilities of FLAG.
 
Graham McDonald, head of private equity at Aberdeen, says: “It was only one year ago when Aberdeen completed its acquisition of FLAG. Since then, we have maintained exceptional momentum expanding our global alternatives platform. John Dickie’s promotion, Whit Matthew’s appointment, and the integration of our US, Asian and European investment operations are evidence of that. We have built a platform that takes the boutique capabilities of FLAG in attractive areas, such as US lower mid-market private equity and venture capital, and provides clients access to specialised, hard to access and difficult to scrutinise private equity fund managers around the world.
 
“We’ve got an environment in private equity at the moment where valuations are very high. There are opportunities out there, especially at the smaller end of the spectrum, but investors have to work much harder to find them. That involves a lot of scrupulous homework and having skilled people on the ground who can navigate the less efficient segments of the landscape.”
 
Reed says: “John Dickie is a first class investor with deep middle market experience as well as extensive manager relationships. He has made significant contributions to the expansion of our co-investment programme, increasingly important to investors looking at private markets.
 
“Whit Matthews brings more than a decade of private equity investment experience in both primaries and secondaries, and is a great addition to the seasoned private markets team we have in place at Aberdeen.”
 
Dickie joined Aberdeen in 2015 as a senior investment manager with the firm’s acquisition of FLAG, where he served as a principal focusing on middle market private equity investments. He is a member of Aberdeen’s US investment committee. Dickie was previously a principal at Berkshire Partners, and also held analyst positions at DLJ Merchant Banking and Credit Suisse.
 
Matthews joins Aberdeen from SL Capital Partners where he served as a North America-based investment director who focused on both primary and secondary investments in middle market buyout funds. Previously, he was an investment analyst at the University of Pennsylvania Endowment allocating capital to private equity, venture capital and hedge fund opportunities.
 
Reed, Dickie and Matthews are all based in Aberdeen’s offices in Boston.

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