CEPRES snaps up ex-UBS global head of PE – exclusive

Marc Dellmann left the Swiss bank in November following a restructuring of its real estate and private markets businesses.

Marc Dellmann

CEPRES has appointed Marc Dellmann, former global head of private equity and infrastructure multi-manager at UBS Asset Management, as global head of business development, Private Equity International has learned.

Dellmann confirmed he joined the company on 1 December. The senior partner had led UBS’s $12 billion private equity and infrastructure business, which has a 30-strong global team since 2012.

Dellmann will work on boosting the number of clients listed on the CEPRES platform and raising awareness of the company’s other services. One of its products is SmartConnect, which presents investment opportunities to limited partners by advocating general partners based on their track record.

“[We can] verify the GP’s value propositions and match the specific requirements of LPs,” he said.

His previous role no longer exists, a UBS spokeswoman confirmed. The Swiss bank combined its direct real estate and infrastructure platforms, its indirect multi-manager real estate, infrastructure and private equity fund investing businesses, and its infrastructure debt offering to form its $90 billion Real Estate & Private Markets business last year in response to investor demand.

Eric Byrne, head of UK and Ireland, took over responsibility for selecting private equity funds as head of multi-managers in December 2016, according to UBS’s website.

Dellmann joined UBS as managing director in 2007 from Allianz Risk Transfer.

The CEPRES platform has expanded from $4 trillion of assets in terms of enterprise values on the platform to over $15 trillion during the past 12 months, Dellmann noted. It has conducted due diligence on 4,102 funds and works with 1,850 GPs and LPs.