The Blackstone Group’s fundraising affiliate Park Hill Group has hired former Credit Suisse fundraiser Wouter Mak as a principal in the London office.
Mak spent almost three years at Credit Suisse focusing primarily on the Benelux regions as well as the UK. Prior to Credit Suisse, Mak worked for three years at Robeco Alternative Investments as a sales director.
Park Hill poached another former Credit Suisse fundraiser in September, hiring Jan-Christoph Klein as principal in the London office to focus on marketing real estate funds. Klein had spent a year at Switzerland-based Partners Group after spending about nine years at Credit Suisse in London, where he worked in the bank’s Equity Capital Markets, Alternative Investments division as well as with the Real Estate Private Fund Group.
Also in September, Park Hill lost a managing principal, Kim Pedersen, who left to found his own boutique advisory firm, Arrow Point Advisors. Donna Toth, a managing principal in New York in charge of directing all operational and financial functions of the business, left to join Alternative Investment Management, a small fund of funds.
The London office is manned by three managing principals – Christopher Leach, Peter Mayer for hedge funds and Audrey Klein for real estate funds.
The placement agency has been one of the busiest shops in the industry this year, with a number of mandates in the market, including Platinum Equity’s third fund, targeting $3.75 billion, Lion Capital’s third fund, expected to beat its €2 billion target by the end of the year, and Denham Capital, targeting $2.5 billion.
Park Hill this year has helped closed some historic funds, including the largest-ever secondary fund – Lexington Partners’ $7 billion seventh fund, and Centerbridge Partners’ second fund, which hit its hard-cap of $4.25 billion in the spring.