Lazard has promoted its Asia-Pacific fundraising and secondaries advisory head to an expanded pan-regional role.
Singapore-based Nick Miles has become head of European and Asia-Pacific private equity within the investment bank’s private capital advisory group, a spokeswoman confirmed to Secondaries Investor. Miles, a managing director, will split his time between Singapore and London.
Miles reports to Holcombe Green, global head of private capital solutions, and William Riddle, global head of private capital advisory, which has around 80 professionals.
There is an opportunity for the firm to take advantage of the globalised nature of fundraising between Asia-Pacific and the West, as well as to advise clients with global LP bases and operations on liquidity options, Miles said.
In secondaries, Miles highlighted the firm’s work with TPG on its Asia VII fund stapled deal at the end of last year – a deal that involved assets in Asia, a global investor base and LPAC, and a GP based in the US.
“It’s a truly global effort on a transaction like that,” Miles said.
Lazard’s Asia-based secondaries advisory team includes head of Asia-Pacific secondaries Dominik Woessner who joined last year from Greenhill. In Europe, director Nadira Huda joined from Greenhill in January to help expand Lazard’s LP business. The group has closed at least 150 LP transactions.
Vice-president Marion Cossin relocated from London to Paris last year to build up the group’s secondaries presence on the continent.
Lazard advised on around €5 billion-worth of secondaries deals in 2017, the most recent year it participated in Secondaries Investor‘s annual advisory survey.