Park Hill executive joins CVC

Martin Schimmler joins fellow former Park Hill executive Rob Squire on UK mega-firm CVC Capital Partners' investor relations team.

Martin Schimmler, a managing principal in Park Hill Group’s London office, has left and joined CVC Capital Partners to work on the investor relations team, according to sources. 

The Blackstone Group, which owns Park Hill, confirmed that Schimmler left. He joined CVC in April, according to his LinkedIn profile, though CVC did not return requests for comment to officially confirm a start date. Prior to Park Hill, Schimmler worked at Credit Suisse in the Private Fund Group in London. 

Schimmler joins CVC’s IR team working alongside fellow former Park Hill executive Rob Squire, who joined the firm last year from Coller Capital. Squire works as a senior managing director on the investor relations team. Squire worked at Park Hill prior to Coller.

Martin
Schimmler

CVC is expected to hold a first close on its sixth fund on around €7 billion at the end of this month, or in early July, sources said. Fund VI is targeting €9 billion with no hard-cap. 

Park Hill’s London group now has about 20 professionals and is led by group chief executive officer Dan Prendergast, who moved to the UK office last year “to help build [the] European franchise”, Prendergast said in an internal email seen by Private Equity International last year.

The London team has seen some turnover in recent years. Chris Leach, who led the London office, resigned last year, while Justin Bower, also a former London head, left several years ago to found placement firm FirstPoint Equity. Kim Pedersen, a former managing principal in the London office, left in 2011 to start his own advisory firm Arrow Point Advisors. 

The group has been hiring on its secondary advisory team. Park Hill hired former Coller Capital executive Andrew Caspersen earlier this year to focus on the growing opportunity to help GPs restructure funds that are approaching the end of their lives. Pablo Calo, former head of European secondaries at PineBridge Investments, joined Park Hill as a managing principal in London in May to focus on providing secondaries services to clients across Europe.