Schroder Adveq hires Evercore Young Gun

Schroder Adveq has looked to the sell side for its latest secondaries hire.

New York-based David Guryn joined the private equity manager in March as a senior investment director, according to his LinkedIn profile. These details were confirmed by a spokeswoman for Adveq.

Guryn comes to the Zurich-headquartered firm from Evercore, where he spent around a year-and-a-half as vice-president in the investment bank’s secondaries advisory team, a move reported by Secondaries Investor in 2018.

Prior to that he spent just over three years at Committed Advisors, having also worked at Willowridge Partners, UBS and Pantheon.

Guryn ranked seventh in the Young Guns of Secondaries Class of 2018 and was described as “one of the most experienced secondaries professionals at his age” by his peers.

Schroder Adveq, which has $10 billion of assets under management, specialises in small single-line deals and tail-end portfolios, as well as GP-led restructurings and direct secondaries.

The firm’s latest secondaries fund is the 2016-vintage Adveq Secondaries III, which raised €271 million, according to Secondaries Investor data. LPs in the fund include German insurer INTER Krankenversicherung, pension fund PKDW and South African asset manager Stanlib.

A vehicle named Schroder Adveq Mature Secondaries (ORTHROS) IV was registered with the UK’s Companies House in 2018.

Last July, Secondaries Investor reported that Schroder Adveq’s head of secondaries Nico Taverna was leaving to set up his own venture. He founded Mill Reef Capital in August alongside Gregor Hasler, a former executive director with LGT Capital Partners.

Schroders acquired Adveq in April 2017.

A spokesman for Evercore did not return a request for comment.