Quay poaches Reed from Pantheon for US
Australian private equity fund-of-funds and advisory firm Quay Partners has hired Jeffrey Reed from Pantheon Ventures, the UK fund-of-funds, to help manage its US operations in San Francisco.
Reed, a secondary investment specialist, joins Ian Deas, also ex-Pantheon, who has been with Quay Partners since 2010. Reed and Deas - who was head of US secondaries and a member of the global secondaries committee at Pantheon - have a combined 32 years of experience focused on the US secondaries space.
Quay, which also operates fund-of-funds activities in Sydney and London, has additionally announced the promotion of Daniel Bowden to partner in Sydney. Bowden will remain focused on the Asia Pacific private equity markets, which have historically formed the core component of Quay's business.
Simultaneously, Richard Bowley (former CEO of Pantheon) and Geoff Norman (former head of Pantheon Asia) have increased their equity holdings in the firm and now have a controlling stake.
"Over the past few years, we have been building out a global team of highly experienced private equity professionals, many of whom are ex-Pantheon executives who have previously worked together," commented Quay Managing Partner Stephen White. "The future of private equity advice is in our view moving away from the existing large players towards cost-conscious specialist advisors with remuneration rewarding performance and not scale."
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