The private equity branch of Standard Life Investments has hired Jamie Ebersole as senior investment director for private equity in the firm’s Boston office, which last year suffered an employee exodus.
At SL Capital Partners, Ebersole will work alongside fellow recent hire Eric Albertson, previously of Bank of America Capital Advisors. The two will focus on managing the firm’s $625 million (€401 million) of US capital including the $430 million raised from parent company Standard Life.
Ebersole was formerly head of Allianz Private Equity Partners’ New York office, where he was responsible for a $500 million annual private equity programme. His knowledge of the private equity industry includes exposure to both North America and Latin America.
The hire will support the firm’s efforts to rebuild its Boston-based team following the departure of six out of seven executives in October 2007. The mass exodus followed the sale of a 40 percent stake of the private equity business to nine Edinburgh-based managers.
UK-based Standard Life Group provides life assurance and pensions, investment management, banking and healthcare products. Its investment arm, Standard Life Investments, has offices in the US, Europe and Hong Kong and manages worldwide assets of approximately $267.1 billion.
SL Capital offers private equity investment through fund of funds, bespoke arrangements and retail products. The firm has raised a total of approximately €5.9 billion private equity assets globally. SL Capital concentrates on buyout funds and makes selective commitments to secondary funds. The firm also makes co-investments alongside selected fund managers.
In Europe, the firm has four limited partnerships and a listed fund called the Standard Life European Private Equity Trust. SL Capital also manages European fund of funds and co-investment private equity portfolios for three segregated clients.
In the US, SL Capital manages two North American Strategic Partners (NASP) investment vehicles. NASP held a final close on $149 million in September 2005 and NASP 2006 held a final close on $300 million in January 2007.