Connection Capital bolsters senior team

The London-based private investment firm sealed its first secondaries fund commitment earlier this year.

Connection Capital, a London-based private investment firm, has appointed Lorraine Homewood as client director, according to a statement.

Homewood joins Connection from Homewood Financial, a brand marketing, sales advisory and consulting company, where she had worked since 2010. Previously, she has launched funds for ACPI Partners, INVESCO Global, Dawnay Day International and PCE Investors.

Homewood’s “knowledge of the high net worth and family office investor sector in Europe” will be a “valuable contribution” to the firm, Connection founding partner Claire Madden said in the statement.

Connection invests on behalf of about 800 family offices and high-net-worth individuals. Its investors commit capital on a deal-by-deal basis, via a managed syndicate with limited partners being able to invest in units of £25,000 (€34,000; $37,000). The firm’s private investors currently have more than £170 million of assets under management.

Connection sealed its first secondaries fund commitment earlier this year. The firm committed €3 million to 17Capital Fund III, which closed on its €500 million hard-cap.

Connection was attracted to 17Capital’s latest secondaries fund because of the low risk associated with the firm’s strategy of providing  preferred equity to LPs looking for liquidity or GPs seeking additional capital.

Madden previously told Secondaries Investor that Connection would start to look for more secondaries funds to commit to, as “we like that part of the market.”