Paris-based secondaries firm Committed Advisors is expanding with an office in New York, according to its managing partner.
The firm, which was co-founded in 2010 by managing partner Daniel Benin, opened the outpost at the beginning of October with two employees, Benin told Secondaries Investor. Benin previously worked for AXA Private Equity for nine years as managing director and co-head of the New York office.
Co-founder and partner JB Stock is leading the new office while the firm also hired David Guryn from Evercore, where he was an associate working on secondaries, Benin said. Guryn has also worked at Willowridge Partners, Pantheon and UBS, according to his LinkedIn profile.
PE Hub first wrote about the opening of the new office.
The New York site brings the firm’s global offices to three, including an office in Sydney, which it opened in 2010.
Committed’s second fund, Committed Advisors Secondary Fund II, is about 70 percent invested, Benin said. The 2013-vintage vehicle closed above target on €500 million and focuses on acquiring mature private equity assets in North America, Europe and emerging countries with deals between €1 million to €75 million, according to its website.
Investors include family offices, institutional investors and high net worth individuals. The firm has €750 million in assets under management, according to its website.