Robert Savage has joined eight-year old secondaries firm Greenpark Capital as a London-based investment director ahead of its next fundraise.
Savage passed the last two years as an independent private equity consultant, prior to which he spent 13 years with Doughty Hanson. During his tenure at the London-based private equity firm, he was involved with deals including the firm’s 2002 buyout of mental healthcare chain Priory Group, which later resulted in a return of five times Doughty Hanson’s investment.
Savage is the latest appointment London-based Greenpark has made. A month after closing its oversubscribed €730 million Fund III in June 2007, the firm hired as investment professionals former Mezzanine Management UK director Tanja Saaty and Mark Huber, previously a fund manager with Austria’s Global Equity Partners.
“As we grow and prosper as a financial institution of scale we will continue to target high-calibre senior hires who are able actively to support our vision for Greenpark Capital,” Greenpark co-founder and investor relations head Joanna Jordan said in a statement. “We look forward to reporting on other new appointments, already in the pipeline, to complete a well-balanced team in anticipation of our next fundraising.”
Greenpark’s secondary investment strategy includes the purchase of single LP positions as well as portfolios of LP interests and portfolios of direct investments. The firm also buys tail-end positions in funds, stapled transactions and syndicated secondaries, or the purchase of direct portfolios in conjunction with the spin-out of management teams.
The firm manages more than €1.3 billion ($1.9 billion) across its three funds.