Moelis & Company has parted ways with an executive director after he spent just a few months in the job.
Kevin Nowaskey left the investment bank two months ago, according to three sources familiar with the matter. Secondaries Investor reported in April that he had joined Moelis’s private funds advisory group from Kroll, previously known as Duff & Phelps, where he had been since October 2020.
The reasons for his departure are not clear. Nowaskey could not be reached for comment.
Nowaskey ranked eighth in Secondaries Investor‘s 2017 ranking of the most impressive industry professionals under 36, now called Next Gen Leaders. Prior to Kroll, he worked on the buy-side at New 2ND Capital, HQ Capital and Partners Group.
Nowaskey reported to Rodney Reid, who was appointed in January 2021 to oversee the integration of Moelis’s primary fundraising and secondaries advisory businesses. Reid spent seven years with Evercore, becoming a senior managing director in its secondary advisory team.
Among the recent deals advised on by Moelis is a $203 million continuation fund process centred on 2012-vintage energy fund Lime Rock Partners VI, Secondaries Investor reported.
Moelis did not wish to comment.