Quay opens in Boston

The Sydney-headquartered private equity advisory and funds of funds continues its expansion with a second US office and an infrastructure team.

Quay Partners opened a second US office in Boston this week.

The 12-year-old institutional private equity advisor and funds of funds manager has also added to its business lines with an infrastructure-focused advisory team, according to a statement. The team will be led by Boston-based Matthew McPhee, formerly a managing director with Royal Bank of Canada’s infrastructure investment group. Prior to that he’d headed the global fundamental strategies group at State Street Global Advisors and also worked for AMP Capital Investors in Australia.

He will be joined in Boston by Nancy Mangraviti, a legal advisor who also previously worked at Royal Bank of Canada.

The firm simultaneously announced infrastructure-related appointments in other offices including that of John Zaknic in Syndey to investment manager and the hire of Jean-Pierre Sweerts as an advisor in Europe, who will be focused on clean energy infrastructure investments. Zaknic previously worked for Grant Thornton in Australia while Sweerts has advised for a number of firms and projects including Europe’s largest onshore and near-shore wind farm.

In September, Quay revealed that two former Pantheon senior executives – former CEO Richard Bowley and former Asian head Geoff Norman – had taken a controlling stake in the firm and would help its expansion and strategic direction. At the same time, it announced two new hires: Jeffrey Reed, a 12-year Pantheon executive, joined its California office, while former Adams Street partner Lucy Nicholls joined in London.

The firm manages more than $1 billion on behalf of institutional investors.