GIC Young Gun promoted to senior vice-president

A GIC investment professional who appeared in Secondaries Investor‘s Young Guns of Secondaries class of 2016 has been promoted.

Jeremy Weisberg, who ranked sixth in the debut list, has become senior vice-president at the Singaporean sovereign wealth fund, according to his LinkedIn profile.

New York-based Weisberg joined GIC’s secondaries investment team in 2015 from Pantheon, where he was a senior associate and where he worked on a 2015 stapled transaction involving two Lee Equity Partners funds, Secondaries Investor reported.

He has worked on deals spanning LP fund interests, GP restructurings, fund recaps, team spin-outs, GP stakes and direct assets, according to his LinkedIn profile. At GIC he is responsible for helping manage a global portfolio, oversee strategy and invest across all aspects of the secondaries market.

GIC edged out HarbourVest Partners and NewQuest Capital Partners to be chosen as Secondaries Firm of the Year in Asia-Pacific in sister publication Private Equity International‘s 2019 Awards. Its secondaries unit has worked on deals including backing a yuan-to-dollar fund restructuring involving Shanghai’s Loyal Valley Capital; restructuring two vehicles managed by tech-focused investor Vector Capital; and the restructuring of Thomas H Lee Partners’ credit-boom-era sixth fund.

In this year’s PEI Awards, GIC was recognised for its sale of fund stakes in a PJT Park Hill-advised deal, winning LP Portfolio Sale of the Year in Asia.