Gottex Brokers, a Swiss-based alternatives brokerage established in 2009, is opening an office in New York in response to client demand for secondaries.
“Since the crisis of 2008, the secondary markets have become powerful sources of liquidity for hedge funds, private equity investment funds and real estate funds,” Gottex chief executive officer Raphaël Moreno said in a statement.
“Our move to New York puts us in a position of enormous strength, with our unrivalled operations in Europe now matched with a solid and growing on-the-ground presence in the US.”
Michael Smith, formerly a managing director at UBP Asset Management, will run the new office.
Along with its office in Los Angeles, Gottex said the New York branch will enable Gottex to provide a better service to its American clients while “injecting the market with some much-needed liquidity”.
“Private equity is set to become a key area of interest, and because of this we have ensured that we have the people and infrastructure in place to support our clients moving forward,” Moreno said.