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The investment manager has made two promotions at its Bala Cynwyd head office, one to the position of MD.
new hire
The appointment comes after secondaries head Nico Taverna's departure last year.
Two European LPs have already defaulted on capital calls, and more are rumoured, creating a potential pool of early secondaries opportunities.
Buyers with an appetite for unfunded commitments could be an early beneficiary of coronavirus-related volatility.
Secondaries shopping
The market is a rare bright spot amid coronavirus-related uncertainty, according to the firm's annual results call on Tuesday.
black swan
The economic shock caused by coronavirus is already filtering down into the asset class.
The virus outbreak, which has hammered the broader economy for several weeks as business activity slows, is causing sellers to delay bringing secondary deals to market.
Sunbeam through the black stormy cloud, silver lining
Individual portfolio companies may now need an injection of capital via secondaries processes, say lawyers from the legal firm.
Investment allocation
Higher fees and difficulty in agreeing on side letters with secondaries funds were among the reasons given.
Richard Olson is moving into valuations, having left the financial services firm in June.

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