Evercore ramps up private funds group

The New York-based firm has appointed Lincoln Singleton as a managing director of its recently added placement division.

Evercore Partners has appointed Lincoln Singleton as a managing director in the firm’s private funds group. 
 
Singleton will be based out of Evercore’s New York headquarters, where he will be responsible for managing relationships with limited partners in the South East and Texas. Previously, Singleton served as a managing director at distressed credit manager Durham Asset Management, during which time the firm’s assets under management grew from $420 million to $1.35 billion.

Lincoln Singleton

The addition of Singleton to Evercore’s placement arm is the second for the division following the recent hiring of Christian von Massenbach as vice president in the firm’s London office. von Massenbach’s primary focus will be on the Swiss and German markets.

“Both [Singleton and von Massenbach] bring strong relationships and experience, which will further strengthen Evercore’s existing independent advisory offering,” said Richard Anthony, head of the firm’s private funds group, in a statement.
 
Evercore added its placement arm in February after purchasing the private funds business of Neuberger Berman, a former asset management division of Lehman Brothers. The eight-person Neuberger team is based in London and advises fund managers in alternative asset strategies including real estate, infrastructure, buyouts, co-investments, distressed assets, credit and mezzanine products, fund of funds and venture capital.

Evercore manages more than $15 billion of assets for a broad range of institutional and high net worth investors.