Ryan Butler has left Portfolio Advisors where he worked for more than 10 years, most recently as a managing director in the firm’s private equity underwriting team, according to the firm.
“Ryan left our firm this month to pursue opportunities at larger secondary firms,” said Brian Murphy, another managing director at the firm told Secondaries Investor. Butler’s departure was first reported by PE Hub.
Murphy noted that Butler left the firm because he was looking to work on more complex transactions, although it’s still unclear what his next move will be.
“We run a niche secondary business and specialize in traditional secondaries,” Murphy said. “We invest $200 million to $400 million per year. Ryan is a good guy and very capable but wants to do more complex transactions.”
Prior to joining Portfolio Advisors in 2005, Butler worked as a senior associate for Deutsche Bank for nearly five years
Portfolio Advisors focuses on secondaries in private equity, with Hugh Perloff as secondary group head for private equity, as well as in real estate and in credit. It also has a secondaries team that focuses solely on Asia.
Other senior people on the secondary team at the firm include William Indelicato, Adam Clemens, John Kyles, Greg Garrett, Murphy, Chris Ruder, Jonathan English, Michael Liu, Ken Wisdom, Jason Landon, Patrick Gerbracht, Ben Hur and Jeff Cho.