UBS has lost a secondaries advisory professional from its private funds group who spent around 18 months at the Swiss bank, Secondaries Investor has learned.
Orcun Unlu, who joined as a director in UBS’s New York office in April last year from Citi, returned to his former employer in August, according to two sources familiar with the matter. Unlu’s LinkedIn page states he is now involved in fund-level recapitalisations, restructurings, tender offers, strip sales, structured fundraising, financing and hedging solutions at Citi.
Prior to UBS, Unlu spent more than eight years at Citi helping to execute the bank’s regulation-driven exits from alternative investments, including the sale of its $1.5 billion stake in Metalmark Capital’s second fund and its sale of its emerging markets unit to Rohatyn Group.
At UBS, Unlu advised institutional clients on the sale of fund interests spanning private equity, venture capital, infrastructure, real estate and hedge fund positions, as well as management firms on structured solutions and fundraising, his profile shows.
Unlu was ranked 20th in Secondaries Investor‘s Young Guns of Secondaries 2016 list.
UBS and Citi declined to comment.