Vision Capital parts company with US head

Direct secondaries specialist Vision Capital has parted company with the head of its US operation, Matthew Constantino.

Vision Capital’s US head, Matthew Constantino, has left the firm. Seven months after an internal restructuring, the firm parted company with Constantino, who had been responsible for the firm’s North American operation.

A spokeswoman for Vision confirmed the departure but declined to comment further.

Constantino, a managing partner, joined the firm in 2010 to head its newly-established US office in New York.

In December, Vision reshuffled its senior team as part of a restructuring. Andrew Hawkins became vice chairman of the firm’s advisory board, while Alister Wormsley retired.

Dave Lamb, a partner, was given the newly-created role of head of the firm’s European investment team and appointed to the firm’s executive committee, as was Johan Van de Steen, who was given responsibility for the firm’s global portfolio. It also made six other promotions, including Matt Shafer, who became a partner.

Shafer has now taken over the running of the firm’s North American operation following Constantino’s departure, a position he will hold until a long-term replacement is found according to a source close to the situation.

The firm “remains committed to the US, and has a strong pipeline of deals there”, the source added.