Mid-market investment bank Sixpoint Partners has opened regional offices in Chicago and San Francisco and has hired five more team members, according to a statement from the firm.
Matt Thornton has joined Sixpoint as a managing director in distribution. He will manage Midwest distribution out of the Chicago office and will provide senior level coverage for the Northeast. Thornton previously worked at Lehman Brothers and Barclays in the equities division and institutional client group.
Sixpoint has also hired vice president Ryan Carey in its New York office. Carey previously worked at HSBC and Merill Lynch. He will be joined by and another distribution executive that will join Sixpoint’s New York office in January.
The firm has also hired associate Sean Joffe from Credit Suisse to work on secondaries and analyst Michael Devlin, who joins from JP Morgan.
Both the Chicago and San Francisco office opened during the fourth quarter of 2012. The firm also has plans to open a London office, which would be its first outside the US.
Sixpoint focuses on fund placement, secondaries and co-investments. The majority of its fund placement clients are private equity funds seeking to raise between $200 million and $2 billion. The firm doesn’t take on more than five fund clients at any given time.
On the secondaries side, Sixpoint buys and sells positions of $150 million or less, according to its website.
The New York-based firm was co-founded by Eric Zoller, who previously worked at White & Case and Seth Siegel, co-founder of trademark licensing agency The Beanstalk Group.