Eaton taps ex-Moelis executive director in advisory build-out

The subsidiary financial services holding company Stifel Financial Corp had advised on $2.5bn of secondaries deals in the three years to June.

Eaton Partners has hired a former executive from Moelis & Co as it continues the build out of its secondaries advisory business.

Kevin Nowaskey joins the firm’s GP advisory, secondaries and directs team as a director in New York, an Eaton spokesperson confirmed to Secondaries Investor. He joins the firm’s group of 10 GP advisory professionals who focus on GP and LP-led secondaries processes for portfolio management.

The firm has secondaries advisory professionals in New York, London and San Diego, Secondaries Investor understands.

Nowaskey’s appointment sees at least three individuals from Kroll’s former secondaries advisory team regroup and comes after the firm hired Dexter Blake in June as a New York-based managing director and secondaries advisory head on the GP Advisory and Directs team.

Blake spent seven and a half years at Kroll – previously known as Duff & Phelps – as a managing director in the secondary advisory team focused on complex portfolio sales, restructurings and direct secondaries.

Nowaskey left Moelis over the summer, Secondaries Investor reported in September. He had joined the investment bank’s private funds advisory group from Kroll in April.

Eaton, which was founded in 1983, entered the secondaries advisory market in 2014 by bringing on Michael Pilson, Alexander Mejia and Kevin Imhoff from Atlantic-Pacific Capital. The placement agent and advisory firm advised on $2.5 billion of secondaries deals in the last three years, it said in a June statement.