Placement agent Eaton Partners will open an office in Chicago next month, its seventh location, the firm said.
Eaton managing director Christopher Maduri, who works on private equity, real estate, credit and real asset fund distribution and is a native of Chicago, will lead the new office. It will be located at 70 West Madison Street, within the offices of Stifel Financial Corporation, which acquired the placement agent in last year.
A source close to the matter told Private Equity International in November, when Stifel acquired 100 percent of Eaton, that Eaton’s clients would have access to research, mergers and acquisitions advice, prime brokerage services and other investment banking services provided by Stifel, and that Stifel would support some alternative funds that Eaton was raising.
“We see tremendous value in having an on-the-ground presence in Chicago as it allows us to further strengthen client and institutional investor relationships in the region,” Eaton partner and head of distribution Peter Martenson said.
Eaton’s other offices are in Hong Kong, Houston, London, Rowayton, San Diego and Shanghai. The firm has helped raise over $68 billion across 90 funds and is currently assisting funds in market in private equity, real estate, energy, agriculture, growth equity, opportunistic credit/special situations/distressed, event-driven, long/short equity, midstream and master limited partnerships, and emerging markets equity.
Its clients include ADV Opportunities Fund I, which raised $545 million in 2015, Turnbridge Capital Partners I, which raised $400 million in 2014, and Summit Partners Growth Equity Fund VIII, which raised $2.7 billion in 2011.