Rede Partners’ Camacho to depart firm

Michael Camacho, a former long-time AlpInvest Partners executive who has worked in North America, Europe and Asia, is understood to be leaving this week.

Rede Partners’ Michael Camacho is leaving the London-headquartered placement agent, Secondaries Investor has learned.

Amsterdam-headquartered principal Camacho is set to depart at the end of this week, two sources familiar with the matter told Secondaries Investor. It is understood Camacho is evaluating a number of options at this time.

Camacho sits on Rede’s transactions team and advises on both debt and equity GP-led transactions, according to the firm’s website. He is also responsible for maintaining relationships with secondaries buyers and lenders. He previously spent a decade at AlpInvest Partners in New York and Amsterdam and was head of Asia secondaries in Hong Kong.

Camacho appeared on Secondaries Investor’s 2019 Next Gen list. A GP who had worked with him said Camacho “has the nose to scent out problems and the nous to fix them”.

Rede’s transactions team is headed up by Magnus Goodlad who joined the placement agent in 2020. He was previously chief of staff to Lord Rothschild and his responsibilities included oversight of the private equity and venture capital investment programmes for the Rothschild family and philanthropies.

In March, Rede hired Riccardo Villa from Lazard to head its strategic capital advisory capabilities. In the newly created role, Villa will advise firms accessing capital at both the portfolio and corporate level and adds to Rede’s existing capabilities in GP-led transactions and fund financing. He will also advise Rede clients on inorganic expansion opportunities.

Last year, it emerged that Rede had advised European software specialist Volpi Capital on its continuation fund transaction to extend its hold of Cyclomedia and Digital Barriers. Schroders Capital was the lead backer on the deal, with the continuation fund around €250 million to €300 million in size, Secondaries Investor reported.

The firm also advised Amsterdam-headquartered private equity firm Bencis Capital Partners on its multi-asset continuation fund, which saw four assets moved into a new vehicle with additional capital to support further growth, Secondaries Investor reported. Paris-headquartered secondaries firm Committed Advisors led on the €123 million multi-asset continuation fund.

Rede declined to comment for this story. Camacho did not respond to a request for comment.