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Chris Witkowsky

The firm is understood to be pushing ahead with fundraising even amid the tougher environment.
Digital binary code concept.
If bids come in at a steep discount, some LPs are ready to use that data point to question other VCs invested in the same assets about their valuations and why they are not writing them down.
Blue alarm clock and a bundle of dollars on scales. Fair hourly wages. Time tracking. Deposit, money investment. Profitability and return on investment. Rental. Balance between life and career.
Several deals across the mid-market have closed recently and market professionals see continued vibrancy at this smaller level of secondaries.
The promotions come as Lazard’s capital advisory group continues to expand – it has about 100 professionals in eight offices around the world with an expectation of continued growth.
Presidio saw an opportunity to extend its hold over Elevate as it continues to implement its growth plan that includes further spending and future acquisitions.
LP sales were expected to kick off a resumption of robust secondaries activity after a slowdown late last year, with external factors such as the collapse of Silicon Valley Bank keeping activity muted.
Pent-up demand among sellers facing liquidity pressures and looking to rebalance overexposure issues is expected to bring more processes to market, though later this year.
photo of departure sign at airport
The preferred equity specialist has grown rapidly since its formation in 2015.
Closing deals in this environment is challenging, with wide bid/ask spreads and syndication issues.
exit sign
The investment bank's capital solutions team has advised on around $68bn of secondaries, direct and co-investment transactions.

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