The Park Hill Group, a division of Blackstone (NYSE:BX), today announced
that Andrew Caspersen has joined as a Managing Principal, with a focus
on its secondary advisory business. This business delivers liquidity and
capital solutions to private equity investors and managers. Mr.
Caspersen was most recently a principal at Coller Capital, where he
sourced, evaluated and closed secondary transactions in the U.S. market.
Larry Thuet, a Senior Managing Director at Park Hill, said, “We are
delighted that Andrew is joining us. As private equity matures as an
asset class, there is a growing need for both investors in, and managers
of, older vintage private equity funds to increase their options as to
how and when they monetize their portfolios to enhance liquidity and
access new capital. We expect that providing secondary solutions in this
area will continue to be an important part of our services we provide
our clients.”
Andrew Caspersen added, “I am pleased to join Park Hill. It has an
outstanding track record as a trusted adviser both to LPs and GPs. We
can build on these relationships as we offer this new suite of services
to tailor solutions to particular needs.”
Andrew will lead Park Hill’s effort to deliver capital solutions to
mature funds by working directly with private equity fund managers and
limited partners through structured secondary transactions. He is a
graduate of Princeton University and Harvard Law School.
The Park Hill Group, an affiliate of Blackstone, is a leading global
alternative asset placement agent with over 70 professionals based in 10
offices around the globe. Park Hill Secondary Advisory is fully
integrated within the broader Park Hill Group, utilizing a global
network of relationships to deliver superior results across multiple
asset classes. Further information is available at www.parkhillgroup.com.
