Campbell Lutyens has added to its infrastructure advisory capabilities with the hire of a former Solomon Partners and RBC Capital Markets professional.
Clay McCoy has joined the placement agent and advisory firm as a managing director based in New York, according to a statement. He will focus on North American infrastructure-related secondaries transactions.
McCoy was previously a director within the infrastructure, power and renewables group at Solomon and also has experience at Bank of America Merrill Lynch and Ernst & Young.
His hire brings the number of secondaries-focused professionals at Campbell Lutyens to more than 60, according to the statement. The group has advised on around $12 billion of infrastructure secondaries deals.
Infrastructure and energy secondaries accounted for 4 percent of the $43 billion in deal volume in the first half of this year, according to data from Jefferies. In calendar year 2022, infra and energy accounted for 5 percent of total volume.
Campbell Lutyens advised on $12.2 billion of secondaries last year across private equity, infrastructure and private debt, according to the Secondaries Investor Advisory Survey 2023.