Monument Group, Helix Associates join forces

The US and UK placement agencies have announced plans to join forces on global private equity fundraising programs.

(PrivateEquityCentral.net) Boston-based private equity placement agency Monument Group and UK-based agency Helix Associates have announced a joint marketing initiative to provide placement services for major private equity funds. 

The firms came to the agreement because of Monument’s North American expertise, while Helix specialises in Europe, according to a press release.

The combined teams of Monument and Helix consist of 16 professionals with 175 years of related experience. Monument Group has five managing directors, while Helix has four directors. Funds raised by the firms include Cerberus Capital Management, Lime Rock Partners, Hicks, Muse, Tate & Furst, HgCaptial, Quadriga Capital, and JP Morgan Asia Partners.

The two firms most recently combined to raise Altor Equity Partners, which closed its debut fund at E650m last month.

“We have enjoyed our working relationship with Helix and look forward to continued success on future fund raising mandates,” Alicia Cooney, a managing director at Monument, said in the statement. “Our shared experience, culture, and approach to placement will allow us to provide the very best private equity placement on a global scale.”

“We are delighted to have reached a formal understanding to work with Monument, for whom we have always had the highest regard,” Charles Cecil, a director at Helix, said. “We worked cordially and seamlessly with them on the Altor placement this year.”