Atlantic-Pacific Capital has named private equity veteran Sarah McFadden Sandström as a partner in the firm’s private funds business.
In her new role, Sandström will be responsible for marketing private equity funds based in Europe. She will be based in Atlantic-Pacific’s New York office initially, but will transition to the firm’s London office within a couple of months.
“Being based in London ultimately, she’ll be in charge of all our European fundraises, as well as other non-US fundraises,” partner and chief financial officer Anthony Bossone told PEO. “Globally, [fundraising] is obviously still very difficult, but we’ve been fortunate that we’ve backed some very solid GPs with very credible and well received investment strategies and track records,” he said.
In July, Atlantic-Pacific hired Citi fundraiser John Crocker as a partner in its private funds group. Crocker said at the time fundraising would continue to be challenging in the future. “Even those sponsors with in-house capabilities will need to hire advisors to effectively build a diversified and global investor base,” he said.
Atlantic-Pacific Capital has acted as placement agent and advisor on 55 transactions, raising around $40 billion in capital. Recent closings for the firm’s clients include DIF Infrastructure II, Riverside Partners IV and DRI Capital’s Drug Royalty II.