Eaton taps Credit Suisse secondaries exec to lead new GP solutions business

The adviser has so far hired a team of four from Credit Suisse as it outlines changes to its newly branded private capital advisory unit.

Eaton Partners has confirmed the hire of a team from Credit Suisse as it outlines changes to its newly branded private capital advisory business.

Former Secondaries Investor Young Gun Dirk Jonske has joined the adviser as a managing director to head up its new GP solutions speciality, according to a statement. In July, affiliate title Buyouts reported Jonske and two other secondaries professionals would join Eaton from Credit Suisse, where he spent more than three years.

Before joining Credit Suisse, Jonske was an executive director in the private funds group at UBS and a senior associate on the private equity investment team at Landmark Partners.

Eaton has also hired Gabrielle Kim as a director, Arielle Mandelbaum as vice-president and William Daniel as an analyst, all from Credit Suisse.

Credit Suisse director Adrian Siew is also expected to join Eaton in the autumn, according to a source. A spokesperson for Eaton declined to comment on any further appointments.

Alongside the GP solutions vertical, Eaton Partners has also introduced LP solutions, direct equity and GP stakes specialities “to provide financial sponsors and their investors with differentiated strategic advice and liquidity solutions”, the statement said.

Managing directors Dexter Blake and Peter Martenson will lead the team’s LP solutions and direct equity verticals, respectively. Director Charles Korchinski, who joined the firm from Bonaccord Capital Partners last year, will lead Eaton’s GP stakes offering.

The departures are part of an exodus of talent from the bank since the Swiss government forced UBS to buy Credit Suisse in March.