TH Lee Putnam loses Scarpa to Coller

Rudy Scarpa of Thomas H. Lee Putnam Ventures has joined secondary giant Coller Capital's New York operation as a partner.

Coller Capital, the London-based private equity secondary investment specialist, today announced Rudy Scarpa has joined its New York office as a partner.

Scarpa was previously a principal at Thomas H. Lee Putnam Ventures, a venture capital firm affiliated with Boston-based buyout firm Thomas H. Lee Partners and mutual fund giant Putnam Investments.

Prior to joining Thomas H. Lee Putnam n 2000, Scarpa was a placement agent with Merrill Lynch.

Jeremy Coller, the chief executive officer of Coller, said in a statement: “The United States currently represents approximately 42 percent of our capital and some 38 percent of our assets. Rudy Scarpa’s appointment reflects the importance of the United States to our business.”

Coller raised the first ever European secondaries fund in 1994 and closed its fourth fund, Coller International Partners IV, last October on $2.6 billion, making it the largest global secondaries fund ever raised. Major Coller transactions since 1998 involve portfolios previously owned by Shell US Pension Trust, NatWest Bank, Lucent Technologies’ Bell Labs, British Telecom and Deutsche Bank.