Asante enters secondaries advisory – exclusive

The firm is putting together a 10-strong secondaries team, split between London and New York, to focus on vanilla deals as well as more complex processes.

Asante Capital Group, a London-headquartered private markets advisor and placement agent, has added a secondaries advisory to its operational capability, Secondaries Investor has learned.

The firm, which has focused on primary fundraising, is positioning itself to advise on limited partnership stake sales and complex processes in the mid- and upper-market and is preparing to build a team of 10 professionals, according to a source familiar with the matter.

The professionals will be split evenly between London and New York, and several of these will be new recruits, Secondaries Investor understands. It is unclear who will lead the team.

Asante has already advised on three LP interest sales, one of which involved a single asset. It is understood that the firm has also been mandated to work on two stapled deals involving mid-market European funds.

Asante is the latest private markets advisory firm to build-out its secondaries advisory capabilities. In July, Pablo de la Infiesta, the former European fund placement and secondaries head at Lazard, joined Moelis as head of the private funds advisory group in Europe, the Middle East and Africa. Chairman and chief executive Ken Moelis cited his “fundraising and secondary advisory network that extends into Europe and beyond” as a chief reason for the hire.

Asante Capital declined to comment.