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Greenpark Capital appoints third investment director in six months

Private equity secondaries specialist Greenpark Capital has appointed Eric Pathé as an investment director.

Private equity secondaries specialist Greenpark Capital has appointed Eric Pathé as an investment director.

Pathé (pictured) joins a team of 12 investment professionals, and will be responsible for deal sourcing and execution.
 
He has spent over eight years as a specialist in private equity and was a principal and founding member of Langholm Capital, a mid-market buyout fund, with responsibility for deal generation and execution across Europe.

Pathé was previously a senior associate at McKinsey, where he focused on financial services and technology related projects, and a Corporate Consultant at GE Capital.

Joanna Jordan, operations, IR director and co-founder, says: ‘We are, once again, delighted to be welcoming another highly skilled professional to further strengthen our team. Eric’s hire fits neatly in with our appointment programme to ensure Greenpark Capital is best positioned to embrace the sharp increase in the size of the market we operate in. As we develop as a financial institution of scale we will continue to target high calibre senior hires that are able actively to support Greenpark Capital’s vision.’

The volume of secondaries deals brought to market in recent years has increased from USD10bn to USD20bn, according to the Financial Times, and is expected to grow aggressively.

It is anticipated that the year-end 2008 mark to market valuation data will generate a new pricing floor for secondaries that will trigger real volume across the asset class. Further NAV adjustments as at March 2009 will get more sellers across the line as the bid-ask spread keeps narrowing.

Larger funds, which are less than 40 per cent invested, are already seeing positions trade at less than 20 per cent of NAV but the mid market is expected to see the greatest deal volume.

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