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Unigestion further strengthens its global secondaries franchise with three hires

Unigestion further strengthens its global secondaries franchise with three hires

Nick Kavanagh

Principal

Satsheel Redkar

Vice President

Jin Young Kim

Associate

Unigestion, the global boutique asset manager specialising in seeking out tomorrow’s private equity champions, has grown its global secondaries team with additional appointments in London and New York.

Nick Kavanagh, who has 13 years’ experience in private equity, has joined Unigestion as Principal. Based in London, he focuses on sourcing, structuring and executing mid-market secondary transactions. He started his secondaries career at Pantheon Ventures and previously worked for Hamilton Lane for close to seven years, most recently as Principal. During this period he successfully invested into multiple secondary and direct equity transactions in both Europe and the US, including numerous GP-led and direct secondaries.

Unigestion, which pioneered secondaries investments in 2000, has also appointed Satsheel Redkar and Jin Young Kim to its US secondaries team. Satsheel has joined Unigestion as Vice President from Coller Capital, where he worked for three years as a Senior Associate, Secondaries Private Equity and Co-investments. He previously worked for Advent International and Boston Consulting Group. Jin has joined Unigestion’s New York office as an Associate, having previously worked for over four years as an Associate focused on secondaries at Manulife Investment Management.

These three additional hires follow the appointment of London-based secondaries specialist Jordan Dimmock.

Unigestion’s private equity team, which comprises over 70 private equity professionals, has more than 20 years’ experience in secondaries and is one of the most established players in the mid-market. The team focused on secondaries closes, on average, up to two secondaries transactions per month. In total Unigestion has executed over 300 secondaries transactions.

Unigestion employs a ‘Triple Alpha’ approach to private equity investment, focusing on delivering theme-driven alpha, mid-market alpha and selection alpha, to achieve premium returns across all strategies and throughout the cycle. Its secondaries strategy focuses on building global portfolios of companies across seven themes with the potential to be the champions of tomorrow, with a focus on attractive cashflow profiles, leading to consistent, unlevered returns for investors with low loss ratios.

The secondaries team, headed by Ralph Büchel, firmly believes in striking a careful balance with diversification while focusing on high quality assets and concentrated portfolios to reduce tail-end risk for investors. The sixth vintage of Unigestion’s secondaries strategy already has a highly attractive seed portfolio and applies the same proven fusion strategy of GP-led, LP-stake and direct secondaries as its predecessor fund, with a balanced split between North America and Europe.

Ralph Büchel, Private Equity Partner and Global Head of Secondaries at Unigestion, said: “We are delighted to welcome Nick, Jin and Satsheel to Unigestion. They each have exceptional and complementary capabilities in secondaries and, together with the broader team, will add significant value as we build out the sixth vintage of our secondaries strategy and seek to deliver first quartile returns for our investors.”

Mark Zünd, Head of Private Equity at Unigestion, said: “Investors are becoming increasingly aware of the compelling investment opportunities available from secondaries, particularly in the mid-market. We have honed our secondaries expertise and proven ability to generate alpha returns across cycles in the past 24 years. With an outcome-focused investment strategy that leverages our primary platform  and direct investment underwriting skills, we have a track record of delivering consistent returns for our investors.”

For further information please email us at: corporatecommunicationteam@unigestion.com

Important Information

The information and data presented in this document may discuss general market activity or industry trends but is not intended to be relied upon as a forecast, research or investment advice. It is not a financial promotion and represents no offer, solicitation or recommendation of any kind, to invest in the strategies or in the investment vehicles it refers to. Some of the investment strategies described or alluded to herein may be construed as high risk and not readily realisable investments, which may experience substantial and sudden losses including total loss of investment.

The investment views, economic and market opinions or analysis expressed in this document present Unigestion’s judgement as at the date of publication without regard to the date on which you may access the information. There is no guarantee that these views and opinions expressed will be correct nor do they purport to be a complete description of the securities, markets and developments referred to in it. All information provided here is subject to change without notice. To the extent that this report contains statements about the future, such statements are forward-looking and subject to a number of risks and uncertainties, including, but not limited to, the impact of competitive products, market acceptance risks and other risks.

Data and graphical information herein are for information only and may have been derived from third party sources. Although we believe that the information obtained from public and third party sources to be reliable, we have not independently verified it and we therefore cannot guarantee its accuracy or completeness. As a result, no representation or warranty, expressed or implied, is or will be made by Unigestion in this respect and no responsibility or liability is or will be accepted. Unless otherwise stated, source is Unigestion. Past performance is not a guide to future performance. All investments contain risks, including total loss for the investor.

Unigestion (UK) Ltd. is authorised and regulated by the UK Financial Conduct Authority (FCA) and is registered with the Securities and Exchange Commission (SEC). Unigestion Asset Management (France) S.A. is authorised and regulated by the French “Autorité des Marchés Financiers” (AMF). Unigestion Asset Management (Canada) Inc., with offices in Toronto and Montreal, is registered as a portfolio manager and/or exempt market dealer in nine provinces across Canada and also as an investment fund manager in Ontario, Quebec and Newfoundland & Labrador. Its principal regulator is the Ontario Securities Commission. Unigestion Asset Management (Düsseldorf) SA is co-regulated by the “Autorité des Marchés Financiers” (AMF) and the “Bundesanstalt für Finanzdienstleistungsaufsicht” (BAFIN). Unigestion SA has an international advisor exemption in Quebec, Saskatchewan and Ontario. Unigestion SA is authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA). Unigestion SA’s assets are situated outside wof Canada and, as such, there may be difficulty enforcing legal rights against Unigestion SA.

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