Secondaries partner leaves Elm Capital

Secondaries Investor Young Gun Bernhard Ellmer had been at the advisory firm since 2012 and a partner since 2016.

A secondaries-focused partner and Young Gun of the class of 2017 has left Elm Capital.

Bernhard Ellmer resigned as member of the private equity placement agent and secondaries advisor on 1 May, according to a filing with UK Companies House.

He had been at the London-based firm since September 2012 and was promoted to partner in November 2016. He was responsible for the “arrangement and syndication” of private equity funds and advising on the sale and purchase of limited partnership interests in the secondaries market, according to his LinkedIn page.

His next move is not known.

Bernhard Ellmer

Ellmer came 15th in last year’s list of the most promising secondaries professionals under the age of 35. He worked on 12 transactions representing about $750 million of net asset value in the first half of the year, Secondaries Investor wrote.

This is the latest in a series of departures from secondaries advisory firms. Secondaries Investor reported last week that Pierre Garnier, a vice-president at Lazard, has moved to preferred equity specialist 17 Capital. He had previously spent three years at Pantheon.

At the start of the month Secondaries Investor revealed Nadira Huda, a principal with Greenhill Cogent, will join fellow advisory firm Lazard. She had been at the firm since 2010.

Elm Capital did not wish to comment on the move.