Rede Partners has hired AlpInvest Partners’ former head of Asia-Pacific secondaries, who spent almost a decade at the firm, Secondaries Investor has learned.
Michael Camacho will join the London-headquartered advisory firm and placement agent in July. He will be a principal in a four-person dedicated secondaries team led by Yaron Zafir.
“[Camacho] being from the buyside, being able to understand how secondaries investors think about transactions, how they price transactions, what they look for, how they execute these transactions, is fundamental to the way we operate,” Zafir told Secondaries Investor. “It gives us a strong advantage when putting together these transactions.”
Camacho left AlpInvest in March 2017. He worked in its New York, Hong Kong and Amsterdam offices and was head of Asia-Pacific secondaries between 2013-16. He was most recently a principal there.
Rede worked on at least €500 million-worth of deals last year which were all GP-led, according to Secondaries Investor‘s annual survey of advisory firms. Those deals comprised 35 percent growth and venture, 18 percent mezzanine and the remainder buyout.
The firm plans to add at least two more dedicated secondaries professionals, who will be based in London, before the end of the year, Zafir said.
Rede is also planning to introduce several US managers to its client base for primary fundraising and its co-founder Scott Church will relocate to the placement agent’s New York office in August, sister publication Private Equity International reported in May.