Erwin Roex, partner at Coller Capital and a veteran of the private equity secondary market, has moved into a senior advisory role, the firm confirmed.
Roex is not replacing anyone as a senior advisor, the firm said. The role “is simply our way of ensuring that we retain access to the skills and experience of our senior people as they transition from full-time partner roles,” according to a Coller spokesperson.
Coller closed its sixth secondary fund last year on $5.5 billion. The firm has lost a few executives since 2012, including Jonathan Gutstein, a high-ranking executive in the firm’s New York office, and Andrew Caspersen, who left last year after working at Coller since 2003. Caspersen joined Park Hill Group’s secondary advisory team earlier this year. Rob Squire, who had been working on Coller’s fundraising efforts, also left last year and joined CVC Capital Partners.
“It’s kind of a natural changing of the guard there,” one secondary market source said, explaining those who have left are “people who have been around for quite a number of funds and have been quite successful”.
Coller declined to comment further about personnel issues.