Credit Suisse bulks up secondaries advisory team – exclusive

Credit Suisse is adding resources to its secondaries advisory team after winning several mandates, Secondaries Investor has learned.

The investment bank’s private fund group has hired Dirk Jonske as a director, while Jeremy Duksin – a managing director focusing on distribution within PFG – has been working on secondaries advisory activity, according to three sources familiar with the matter.

Both are New York-based.

Duksin has been a member of PFG since 2010. He began his career within PFG in secondaries and focuses on LPs as a senior member of the unit’s distribution team, according to one of the sources.

Jonske ranked 16th in Secondaries Investor’s Young Guns of Secondaries 2017 list of the most impressive industry professionals under 36. He was noted for his work at UBS on a $1 billion tender offer process involving three buyout funds as well as GP-led deals, LP sale portfolios and fund financings. He also has experience at Landmark Partners and Cogent Partners, now Greenhill, according to his LinkedIn profile.

The moves come almost two years after the firm hired Sameer Shamsi as a director from Evercore in late 2017, as Secondaries Investor reported.

In May, sister title Buyouts reported that Credit Suisse had promoted David Klein to co-lead PFG with Mike Murphy and Kevin Naughton, effective January 2020.

Credit Suisse closed nine transactions worth $3 billion across private equity, infrastructure and energy last year, according to Secondaries Investor‘s annual advisory firm survey. This included the £790 million ($1.01 billion; €920.3 million) spin-out of Standard Chartered’s captive private equity team, a deal backed by ICG Strategic Equity.

A spokeswoman for Credit Suisse declined to comment.