Harken promotes head of secondaries

Harken Capital Securities has promoted head of secondaries Nick Hatch to managing director, according to a statement.

Hatch joined Harken as a vice president in October 2012. Previously, he was a vice president at valuation and secondary advisory firm Scalar Partners and an analyst at placement agent Probitas Partners.

Harken provides buy-side and sell-side secondary market services to institutional investors.

“On the sell-side, we work with LPs who follow the secondary market and sell when market conditions lean heavily in their favour. Right now there are few dedicated sellers but a much higher number of opportunistic sellers,” Hatch said in an interview last year.

Harken has advised on more than $2.6 billion of secondary transactions to date, according the firm’s  statement said.

The firm also promoted Scott Holley to managing director. Holley works in the firm’s primary fund placement business for emerging managers.

Harken was founded by Don Nelson, who previously founded NelCap Advisers and Fred Malloy, who was a founding member of buyout firm Intervale Capital. The firm is based in Boston and has additional offices in San Francisco, Seattle and Washington DC.