L Catterton taps Rede exec for top Europe IR role – updated

The consumer-focused private equity firm raised more than €600m for its L Catterton Europe IV fund last year.

L Catterton has hired a fundraising executive from Rede Partners to lead its investor relations business in Europe, Private Equity International has learned.

Marina Jovanovic will join the consumer-focused private equity firm next month, according to three sources familiar with the matter.

Jovanovic was most recently a principal at Rede, based in London. She was a senior member of its coverage team focusing on German-speaking Europe, according to her profile on the placement agent and advisory firm’s website. She joined the firm in 2014.

Her prior experience includes six years at Goldman Sachs where she was an executive director focusing on European leverage finance and fixed income prop transactions. She was also co-founder and partner at multi-family office SEDA Capital, according to her profile.

A number of IR professionals have left placement agents in Asia this year to go in-house at private equity firms – a trend yet to occur in Europe and North America, as PEI reported last week. These include Chris Lerner, formerly head of Asia at Eaton Partners, who left the firm’s Hong Kong office in August to join an unnamed Chinese GP; Conrad Yan, the former vice-chairman of Campbell Lutyens in Asia who joined renewable energy and infrastructure-focused Albamen Capital Partners; and James Lee, a Hong Kong-based principal at PJT Partners who joined US-headquartered Cerberus Capital Management as its head of Korea this year.

L Catterton is in market with at least three vehicles, according to PEI data, including its L Catterton IX flagship, which has a $4 billion target. Its L Catterton Europe IV fund is understood to have closed on more than €600 million in the first quarter of last year, above its €500 million target.

Spokespeople for L Catterton and Rede did not comment for this article.

– This report has been updated to show L Catterton Europe IV closed last year.