Altius expands investment team

Two new hires come as the fund of funds is working to secure $150m for Fund II, which is expected to reach a final close by the end of the year.

Altius Associates, a London-headquartered fund of funds manager, has appointed Jeffrey Kopocis and Arnaud Garel-Galais as senior associates to its investment team.  

Kopocis is based in the firm’s Richmond, Virginia office, while Arnaud Garel-Galais is based in London. With their appointments, the firm will now have five senior associates on its investment team, which does due diligence on GPs. The team is made up of 18 professionals and headed by partner and executive director Brad Young.  

Prior to Altius, Kopocis was an investment professional and member of the investment committee at a family office in Alexandria, Virginia, where he conducted due diligence across private equity and venture capital funds. Before that, Kopocis worked at Cambridge Associates where he was a senior hedge fund analyst where he provided consulting services to institutional clients, according to a statement. The statement did not disclose the name of the family office. 

Garel-Galais joins from Dahlia Partners, a Paris-based European fund of funds. He has five years of private equity experience in primary, secondary and co-investment transactions, focusing on investments in France and Europe. Prior to Dahlia, Garel-Galais worked on risk management-focused project teams at CALYON, an investment bank, in Hong Kong. 

Eric Warner, Altius’ head of investor relations, said the investment team needed to be expanded as the firm grows its advisory and funds of funds business lines, which currently have a combined $23 billion in assets under management. “Both Jeffrey Kopocis and Arnaud Garel-Galais  are quite experienced in their respective alternative markets and we are very pleased to have hired them,” he added. 

The appointments come as Altius is working to secure a $150 million final close on its Altius Associates Private Equity Fund II, which held a $67 million second close last October and is already making investments. It is expected to reach a final close by year’s end. 

Altius declined to comment on fundraising.