Greenhill begins secondaries advisory rebuild

The investment bank has added at least three managing directors with a secondaries focus after a period marked by departures to Jefferies and Portfolio Advisors.

Greenhill has made several hires in its private capital advisory practice after a period marked by departures.

Faris Elrabie has joined the investment bank’s New York office as a managing director focused on “project management of primary and secondary transactions”, according to documents accompanying its second-quarter results on Tuesday. Elrabie joins from six years at law firm Kirkland & Ellis, where he was a partner focused on fundraising and secondaries.

Andrew Harrison joins as managing director focused on European distribution, according to the document. He was head of investor relations at London mid-market buyout firm Silverfleet Capital, prior to which he spent 13 years with the private fund group at Credit Suisse advising on primary and secondaries transactions. He will focus half his time on secondaries, according to a source with knowledge of the matter.

A third managing director Ryan Carey has joined the team, the source added. Carey came to Greenhill in June from Jefferies, where he worked in the investment banking and private capital groups, according to his LinkedIn profile. Prior to that Carey worked in private equity distribution at boutique adviser Sixpoint Partners.

It has been all change at Greenhill over the past year. On Tuesday, Portfolio Advisors said it had hired Greenhill’s co-head of European Capital Advisory Briac Houtteville as European head of secondaries. He will work alongside former Greenhill colleagues Stephen Sloan, Brian Mooney and Michael Song, who moved there in autumn last year.

In September, managing directors Brenlen Jinkens and Scott Beckelman left Greenhill to form a secondaries advisory business at Jefferies, Secondaries Investor reported. They were joined by managing directors Todd Miller, Andy Nick and Chris Bonfield in October.