Deutsche Asset Management (Deutsche AM) has appointed Mark McDonald as global head of private equity secondaries.
McDonald will be mainly responsible for developing the company’s private equity business by identifying alpha-generating, bespoke solutions to complement client portfolios. He will also explore the access to secondary market opportunities as well as unique private market situations.
London-based McDonald, with over 20 years’ financial experience, joins Deutsche AM from Credit Suisse, where he worked as global head of secondary advisory and was also a senior member of the screening committee for the firm’s private fund group.
Prior to that, he worked as a senior member at Keyhaven Capital Partners, focusing on Europe and Asia as well as developing the firm’s secondaries strategy. McDonald formerly worked at Pomona Capital, where he led the firm’s secondary, direct and primary investment strategy for EMEA.
Deutsche AM’s head of alternatives Pierre Cherki said: “Mark is a widely-respected veteran of the private equity industry and his hire underscores our commitment to the private equity space within our Alternatives platform. As a member of the Alternatives Management Team, Mark will be a driving force in delivering innovation and value to our private equity clients”.
Mark McDonald, global head of Private Equity Secondaries at Deutsche AM added: “I look forward to aligning the private equity business to the next phase of growth and innovation in the private equity market – for the benefit of current and future clients”.
Deutsche Asset Management manages €77bn in assets in alternative investments as of the end of September 2017.
Deutsche AM’s private equity business manages a portfolio of 550 private funds with more than 300 general partners globally.