Landmark Partners has promoted three of its professionals to the partnership including two Secondaries Investor Young Guns.
The Simsbury, Connecticut-headquartered private equity and real estate secondaries firm promoted John Stott and Scott Humber in the private equity team and Michelle Creed in the real estate team, a spokesman for the firm confirmed.
Creed ranked 17th in the 2016 Young Guns of Secondaries list of the most impressive industry professionals below the age of 36. The real estate specialist, who joined the firm in 2002, was noted for her ability to negotiate impressive deals.
Stott ranked 18th in the 2018 Young Guns list. He joined the firm in 2013 and had executed approximately $1.6 billion worth of transactions and sourced and co-led $650 million in deals as of summer 2018.
Humber joined Landmark in 2003 from Boston Capital Private Equity Partners. He has worked on transactions including direct secondaries, fund recapitalisations, portfolio acquisitions, preferred structures and primary commitments, according to Landmark’s website.
Landmark also promoted seven other professionals – four to director and three to vice-president. The director appointments include Julie Bernodat – who appeared in the Young Guns Class of 2019 – Kevin Chang and Archie Hunter.
Landmark is in market with at least one secondaries fund, Landmark Infrastructure Partners II, which had raised at least $500 million out of a $1.5 billion target as of September, according to Secondaries Investor data.
In September the firm told LPs it was preparing to discuss its next flagship private equity secondaries fund.
Landmark Equity Partners XVI held its final close in 2018 on $7 billion including co-investment pockets.
Landmark ranked seventh in the latest SI 30 list of the biggest secondaries fundraisers over the past five years. The firm raised $12.4 billion between January 2014 and June 2019 and jumped two places from its 2018 position.
Last September, Secondaries Investor reported that Ian Charles, a partner and 13-year Landmark veteran, had left the firm. Charles, who had co-founded advisory firm Cogent Partners prior to Landmark, had left to pursue a new investment opportunity. His next venture will not conflict with any of Landmark’s secondaries activities, top executives wrote in an email to investors announcing the departure.