Rede Partners, the placement and advisory firm, has appointed ex-Paul Capital vice-president Yaron Zafir as a principal focusing on secondaries.
Zafir spent six years with Paul Capital and was one of the US firm’s founding members for its European operations. In March, Paul Capital closed its doors and made the majority of its investment team redundant.
At Rede, Zafir will work with partner Adam Turtle in sourcing secondaries-related business for the firm, with a particular focus on complex restructurings similar to the Motion Capital restructuring that Rede advised on last year.
Turtle said Rede’s secondaries strategy would continue leveraging its GP and LP relationships for secondaries and focus on complex transactions where secondaries would be helpful to a GP.
Turtle said: “Yaron is responsible for sourcing those deals himself and aiding the team in its secondaries efforts: we are more in the market now than ever before because we have someone whose sole focus is secondaries”.
London-based Rede was founded in 2011 by Scott Church, Adam Turtle and Sharare Hau. Church and Turtle previously worked in the fund placement teams at Lazard and Credit Suisse; ex-RBS asset management team employee Hau departed Rede last year under amicable circumstances.