Placement agent BerchWood Partners has promoted former principal Paola Tarazi to partner in the firm’s London office.
Tarazi will continue managing BerchWood’s origination and distribution efforts in Europe and lead the expansion of the firm’s operations in the Europe, Middle East and Africa region.
A former senior manager of client relations at BNP Paribas, Tarazi joined BerchWood as a principal and head of the firm’s London office in February 2012. Prior to working for BNP Paribas, Tarazi co-founded Fortis Investments’ Private Equity Fund of Funds business, where she focused primarily on European buyouts. She previously worked in strategic planning and business development at ABN AMRO.
“Paola is continuing our expansion and capabilities in terms of covering Europe, both on the investor side as well as on the manager side,” BerchWood co-founder and partner David Berchenbriter told Private Equity International.
Tarazi’s promotion brings the total number of partners at the firm to three. BerchWood chief operating officer and chief compliance officer William Zwart has been a partner at the firm since joining 2001.
About 55 percent of the capital BerchWood has raised comes from North American limited partners, with 35 percent from European LPs and the remaining 10 percent from investors throughout the rest of the world. The firm’s London office opened in 2006 and is staffed with four professionals, including Tarazi.
BerchWood typically works with no more than five GPs at a time. The firm has raised capital for London-based CPBE's Funds VI, VII and VIII and all three of Utah-based DW Healthcare Partners’ funds, the most recent of which collected $265 million in February.
BerchWood is based in New York and London and is comprised of 15 professionals.