Park Hill hires ex-ADIA secondaries exec

The appointment follows that of Lazard director Johanna Lottmann, who is set to join the firm in London in the coming months.

Park Hill has hired a secondaries advisory professional whose prior experience includes managing Abu Dhabi Investment Authority‘s secondaries investment team.

Richard Chow joined the New York office of the advisory firm as a managing director, according to Park Hill’s website. He joined in August, according to his LinkedIn profile.

Chow spent more than four years at ADIA based in Abu Dhabi. He was most recently a managing director at Quantum GBL, a multi-family office specialising in cross-border opportunities between China and the developed markets.

He also has experience at secondaries firm Paul Capital as a principal in their New York office.

Chow’s appointment follows the hire of Johanna Lottmann, who was a director in Lazard’s private capital advisory group, as Secondaries Investor reported in August.

In October, Park Hill’s secondaries advisory head Jon Costello told Secondaries Investor the group was planning to hire as many as six people over following 12 months, mainly in North America.

On Wednesday Park Hill said it had partnered with Nasdaq Private Market to provide a platform that facilitates GP-led secondaries processes. The platform removes inefficiencies in such processes and allows parties to submit and monitor data, non-disclosure agreements, bid offers and payments in a centralised location.

Park Hill did not return a request for comment.