Former Altius Associates co-chief executive officer and head of investor relations Eric Warner has been chosen by SAIL Capital Partners to head up its new London office as the firm expands into the EMEA region.
According to a statement from SAIL, the firm’s new London office will look after the firm’s current portfolio and facilitating exits. In a newly-formed partnership with growth consultancy Frost & Sullivan the London office will also source new investment opportunities in the EMEA region, focusing on sustainable innovation in energy and water.
US-based private equity firm SAIL, founded in 2002, invests in energy and water technology companies with a focus on sustainable innovation and growth potential. Its portfolio companies include The Cleantech Group, clean power company Ener-Core, and battery solutions company Dow Kokam.
Warner left private equity advisory firm and fund of funds Altius on 1st September 2014 after only becoming co-chief executive officer, together with senior executives Jenny Fenton and Brad Young, the previous September when the then chief executive and co-founder John Hess moved into an executive chairman role.
Warner was previously European head of private equity and mergers and acquisitions at Mercer, and before that held senior positions as an investment banker at Société Générale, NatWest Capital Markets and Security Pacific Hoare Govett.
When Warner left Altius, the firm was in market attempting to collect $150 million for its second fund of funds vehicle, Altius Associates Private Equity Fund II. In October 2012 the vehicle held a $67 million second close, and by July 2014 the fund had raised $80.3 million, according to PEI’s Research & Analytics division. It is unclear whether there has been a final close on this fund.
Altius did not respond to a request for comment at press time.