David Love will retire from Eaton Partners where he has served as a partner for more than 17 years, according to a statement.
Love focused on Eaton’s activities in Hong Kong, San Diego and Shanghai, according to the firm’s website. Going forward, he will serve as a senior advisor to the firm, but will no longer be involved in day-to-day responsibilities.
Charlie Eaton, partner and founder of Eaton said in a statement that he was grateful to keep Love on as an advisor.
Eaton promoted three senior staff to partner and five to managing director at the beginning of this month. Those individuals will take on Love’s responsibilities.
Ulysses Flores will become a partner focusing on origination, screening, and due diligence. Steven Eaton became a partner focusing on distribution of the firm’s private equity, real estate and real assets offerings. Both Flores and Eaton are in the firm’s Connecticut office.
Chris Lerner will become a partner in the Shanghai office leading the expansion of Asian operations.
Chrystalle Anstett, Joshua Barenbaum, Sarah Briener, Andrew Brown and Jackson Chan were all promoted to managing director.
Eaton launched its secondaries practice in May 2014 when it hired a three-person team that formerly ran the secondary advisory business for Atlantic-Pacific Capital.
“As the private equity industry continues to mature, we believe that secondary activity will become increasingly prevalent and we now have the ability to provide our clients and our limited partner relationships with best-in-class secondaries advisory capabilities,” Eaton previously said.