PineBridge ex-secondaries head joins Altamar for US push

Altamar Capital Partners has hired the former head of secondaries at PineBridge Investments to lead its new US office in New York.

The Madrid-based asset manager appointed Harvey Lambert as head of Altamar Secondaries, according to a statement. Lambert, who left PineBridge in 2012, joined the firm at the beginning of the year from advisory firm Stonevest Capital, where he was managing partner.

Lambert will “spearhead the opening of our New York office, which will enhance our presence in the US and is an important next step for us in strengthening out our global platform,” said Claudio Aguirre, Altamar chairman and co-founding partner.

Lambert is a 25-year industry veteran, having helped to establish the primary and secondaries fund of funds business at insurer AIG’s asset management unit, which he joined in 1997. When the unit spun out in 2009, becoming PineBridge, Lambert continued on as managing director of its secondaries business.

In the statement, Lambert said: “Our strategy of using the Altamar platform, with products focused on leveraged buyouts, venture capital, real estate and infrastructure, to target small, niche and off-market deals globally, will be a differentiating factor for us in creating value for our clients in the secondaries market.”

Altamar has been involved in secondaries since 2004 and has raised two dedicated secondaries funds, Altamar Secondary Opportunities IV, and Altamar Secondary Opportunities VII, according to the statement.

Altamar has about €3 billion in historically committed capital and employs 89 professionals in its Madrid, Barcelona and Santiago, Chile offices.