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The firm has also added an Atlas Advisors vice-president to its secondaries advisory practice in New York.

Michael Camacho was the firm's Asia-Pacific head of secondaries between 2013-16.

The firm will use the Santiago office to grow its regional investor base and access secondaries opportunities.

Brent Nicklas is stepping aside from the day-yo-day running of the business, with US secondaries head Wilson Warren stepping into the role.

The firm acquires limited partnership interests in impact and ESG funds, among other strategies.

Secondaries Investor Young Gun Bernhard Ellmer had been at the advisory firm since 2012 and a partner since 2016.

Pierre Garnier, who spent three years at Pantheon and was most recently a vice-president at Lazard, joined the preferred equity specialist in June.

Norbert Fernandes, who spent four years at the Singaporean state investment firm, will head up the direct secondaries specialist's third outpost in the region.

The appointment of Katja Baur follows that of former Adveq chief Sven Liden, who became COO of the secondaries buyer last month.

Sweetwater is seeking $150m from endowments and family offices to invest in VC secondaries.