Rebecca Wu, a managing director and responsible officer for Landmark Partner Asia, has joined Spain-based AltamarCAM Partners as a managing director and head of Asia in its investor relations team, according to a statement.
Before joining AltamarCAM, Wu was responsible for investor relations at Ares where she played a key role in fundraising for the firm’s private equity, real estate and infrastructure secondaries strategies in Asia, according to the statement.
Wu left Ares in September, according to her LinkedIn profile.
Interest in and allocations to alternatives by Asian investors are seeing a “step-change”, Wu said. Such investors have “unique, nuanced needs”, she added.
Prior to her role at Ares, Wu gained experience as an in-house investor relations and fundraising professional at Kerogen Capital, as well as placement agent MVision Private Equity Advisers, according to an archived version of her profile on Ares’s website. She also held investment banking roles at JPMorgan and HSBC, according to the statement.
“As we continue to expand our global footprint, we are delighted to welcome Rebecca,” Pilar Junco, co-chief client officer at AltamarCAM, said. “Her extensive experience and network in Asia align perfectly with our commitment to delivering exceptional value to our existing Asian investors and growing new relationships in the region.”
AltamarCAM has been raising its ACP Secondaries 5 fund with a €1.3 billion target, Secondaries Investor data shows. The predecessor fund, ACP Secondaries 4, closed on €1.02 billion in 2021, surpassing its €750 million target.
The firm agreed to become a Permira portfolio company in July via a 40 percent stake sale in its management company to the London-headquartered buyout, growth and credit firm.
Wu’s departure follows that of a few senior executives after Ares acquired Landmark Partners in 2021. John Stott, who had been focusing on private equity secondaries within Landmark’s Secondary Solutions Group, left the firm shortly after the deal closed. Gregory Lombardi, originally a managing director at Landmark, departed to join BlackRock in last year, according to his LinkedIn profile. Charlie Tingue, a partner who had been based in Landmark’s London office since 2013, left the firm in 2022.
Ares declined to comment.