Global placement agent Atlantic-Pacific Capital has hired Credit Suisse managing director Brian Wade as a partner, its second Credit Suisse hire in less than a year, the firm announced in a statement,
In July, Credit Suisse’s former head of distribution Mark Bourgeois replaced firm founder Jim Manley as chief executive officer. Manley stayed on as Atlantic-Pacific’s chairman.
Bourgeois worked with Wade at Credit Suisse, where Wade had been with the institutional distribution group. Prior to joining Credit Suisse, Wade was director of investor relations at mid-market private equity firm JLL Partners. He started his career in alternatives as a limited partner, first at the New York State Common Retirement Fund and later as director of private equity at the Virginia Retirement System.
Wade started at Atlantic-Pacific’s New York office last week. His responsibilities include working with institutional investors in the mid-Atlantic and Southeast United States.
The addition of Wade is considered beneficial to Atlantic-Pacific because “he wears the same hat as the investors he’s currently covering. He has a similar mindset; he understands how they think about the asset classes along the alternatives spectrum”, said one source with knowledge of the hire.
“I have worked with Brian in various capacities for over 13 years and believe that his prior experience as a limited partner and an investor relations professional complements our current strengths and will be a tremendous asset to our clients,” said Bourgeois in a statement.
Atlantic-Pacific has offices in New York, Greenwich, Chicago, San Francisco, London and Hong Kong. The firm has worked on funds managed by Riverside Partners, Tenex Capital Partners and The Jordan Company, among others.
The firm is working as a placement agent on Clearview Capital’s latest vehicle, which is targeting $275 million for investments in the lower mid-market. The firm is also helping DRI Capital with its third fund, which had secured just under $850 million in commitments as of last week.