Helix Associates, the London-headquartered placement agent, has scored a major coup in securing the services of experienced industry professional Mark Hallock from CSFB’s Private Fund Group (PFG).
Hallock becomes one of five partners at Helix, where he will be involved in the sourcing and management of mandates as well as helping to expand the firm’s investor relationships. In his previous role at CSFB, Hallock was responsible for raising limited partnership interests from investors around the world for private equity managers based in Europe and Asia.
“We are very pleased that Mark Hallock, a highly regarded senior figure in the world of private equity fund placement, has agreed to join Helix,” said Charles Cecil, managing partner at Helix. “Mark, who shares our approach to fund placement, will significantly enhance our capabilities in the generation of mandates and developing our relationships with investors.”
Prior to his stint as managing director at CSFB, Hallock was a senior managing director and head of the Private Equity Funding Group at Montgomery Securities, and a director and head of the private equity fundraising effort at Salomon Smith Barney.
The move is an interesting one in light of developments at CSFB’s PFG unit. Towards the end of last year, market sources informed PrivateEquityOnline that senior members of the team had signed employment contracts tying them to the investment bank for the next three years. As well as Hallock, senior members of the team included Larry Henry and Remy Kawkabani. The news followed intense market speculation as to whether the PFG team would break away from the bank.
Helix was set up 11 years ago and has raised numerous funds on behalf of clients around the world. Last year, it assisted new Nordic private equity firm Altor Equity Partners in raising a €650 million debut fund inside six months. US independent placement group Monument worked with Helix on this offering and the two firms have developed a close working relationship. Helix is currently helping to raise a new fund for Exponent Private Equity, a buyout firm established by four former senior 3i executives last year.