SL Capital Partners has hired former Linklaters and Clifford Chance lawyer Thomas Chevalier as an investment director. As well as investing in and monitoring primary funds, secondary investments and direct co-investments, he will provide guidance on legal and regulatory issues to both the firm and its clients, according to a spokesperson.
Chevalier will be based at the firm's Edinburgh, UK, office, bringing the total number of investment professionals at the firm to 20, split between Edinburgh (16) and Boston, USA (4).
“The private equity industry is facing strong regulatory headwinds, not least through the potentially far-reaching AIFM Directive,” said David Currie, SL Capital’s chief executive, in a statement. “Our aim is to be acutely aware of and responsive to these complex issues, ultimately enabling us to service our clients better.”
The AIFMD will impose new rules on general partners’ pay, fund transparency and sets restrictions on asset stripping.
Prior to joining SL Capital, Chevalier worked for Gazprombank in Moscow, where he helped set up an investment fund managing capital supplied by pension funds, sovereign funds and high net worth individuals. The focus of the fund is not clear, but the Gazprombank investment company focuses on real estate investments. Russia's biggest company, Gazprom, which focuses on natural gas, set up the bank for the oil and gas industry.
Prior to Gazprom, he worked at law firm Linklaters in Belgium, where he provided advice to international clients, including private equity funds. Chevalier has also worked as an attorney for Clifford Chance in its banking and capital markets practice in Belgium.