Placement Agents

The investment bank has said it will no longer work with the tech and healthcare investor on placing its latest flagship fund, which is expected to seek at least €3bn.

Delaney Brown, formerly head of capital solutions at Bregal Investments, joins the investment bank as a senior director in London.

New Peak's formation comes two months after Monument shut down its Asia-Pacific fundraising efforts in Hong Kong.

The placement agent, which takes a generalist approach to primary and secondaries advisory, has made a number of hires from firms including now defunct Mercury Capital Advisors.

PEI's latest Placement Agent Ranking lists the most active external fundraising firms by new capital raised for clients in the 12 months to end-May.

PEI named David Kimis in its 2018 ranking of the world’s most influential fundraisers.

The firm has made a strategic decision to close its Hong Kong office and focus on Japan in the APAC region.

Anything short of a one-and-done first and final close won't cut the mustard, says Asante Capital managing partner Warren Hibbert in this episode of PEI's Spotlight podcast.

As natural selection intensifies among placement agents, those who can broaden their scopes geographically and strategically look set to benefit.

The region could see renewed appetites for Southeast Asia, a burgeoning IR community in East Asia and new pockets of secondaries opportunities next year.