International placement agent Global Private Equity has hired its first US-based consultant, Gayle Jackson.
Jackson currently advises energy companies on private placement activities in North America via Energy Global, a consulting firm she founded and heads. She is also a member of three investment committees for university endowments and foundations.
“She has been in the business for quite a long time,” said Patrick Petit, Global Private Equity’s president and chief executive.
Currently based in St. Louis, Missouri, Jackson’s role will be to help the Paris-based firm better penetrate the US market, Petit said. She will both market European funds to US investors, and help identify US funds for which the firm can raise European capital.
“Basically the US market is as important as all European markets combined,” Petit said. “It’s very important, when you want to be an actor in the fundraising market, to be physically there.”
Global Private Equity intends to open a full-fledged New York office this year that would be on-par with its seven-person team in Paris, Petit said.
Already, he said, the firm has raised US capital for European funds, including the Paris-based 4D Global Energy Advisors’ oil- and gas-focused SGAM/4D Global Energy Development Capital Fund II. It has also been mandated to raise European capital for US funds, such as New York-based Conduit Capital’s Latin Power III fund, which invests in Latin American power plants.
Global Private Equity spun out in 2000 from investment bank Crédit Agricole Indosuez. It has a strategic partnership with Australian advisory and placement firm Principle Advisory Services.