Secondaries specialist Glendower Capital has made several promotions in its investment team.
The London-headquartered firm has promoted John Kopec from vice-president to principal, according to a statement. New York-based Kopec joined in 2020 after nearly four years with Bregal Investments, according to his LinkedIn profile.
New York-based Rafael Enriquez-Hesles and Doug O’Connell, and London-based Craig Woodhead, were promoted to vice-president, the statement said. George Qian was promoted from analyst to associate. He is based in New York.
Glendower is in market with its fifth Secondary Opportunities fund targeting $3.5 billion, Secondaries Investor reported. The fund targets LP-led and GP-led deals with the ability to underwrite up to $500 million, according to its website.
Limited partners in the fund include Montgomery County Public Schools Pension Fund, Public School Retirement System of the City of St. Louis and Brederode SA, according to Secondaries Investor data.
Among the deals it has led in 2022 are a single-asset process on Innovetive Petcare, a Metalmark Capital portfolio company, Secondaries Investor reported. It co-led the $450 million deal with Neuberger Berman.
Glendower held a $2.7 billion final close on Secondary Opportunities Fund IV in July 2019, making it one of the largest ever first-time private equity funds, Secondaries Investor reported. The Glendower team, led by managing partners Carlo Pirzio-Biroli and Charles Smith, spun out of Deutsche Asset Management in 2017.
In September, CVC Capital Partners confirmed it was to merge with Glendower, creating a roughly €113 billion investment firm.