Press Release
July 19, 2022 -As Partner and head of the new San Diego office, Pete Purcell will lead Triago’s accelerating growth in the western United States across all group activities, private equity fundraising, primary directs (essentially funding single-asset partnerships between general partners and limited partners), secondary sales and strategic advisory. Purcell joins the global private equity advisory from Eaton Partners and is one of three new hires in an ongoing expansion that has seen staff rise a third since 2021 across all regions, activities and seniority levels.
“Pete’s abilities to build effective teams and manage rapid growth are outstanding and something I witnessed first-hand when we were both at Eaton Partners,” says Triago Global CEO Matt Swain (Swain joined Triago from Eaton Partners in 2019). “We couldn’t have found a more entrepreneurial person to spearhead our West Coast expansion,” adds Triago founder and Executive Chairman, Antoine Drean.
Purcell, who has an MBA from The University of Chicago Booth School of Business and a BA in Economics and Management from Albion College, distinguished himself as a Managing Director at Eaton Partners by building from scratch alongside Michael Pilson (who left Eaton to join Triago in 2021) a General Partner Advisory unit focused largely on primary direct deals and fund manager-led secondaries. The unit went from two people in 2016 to nine people last year. Over the same period Purcell also successfully led numerous fundraisings.“Getting in on the ground floor of Triago’s west coast expansion is an opportunity I couldn’t miss,” says Purcell. “I’m thrilled to be working with Matt and Michael again in such a welcoming, thoroughly client-focused group.” Moving to San Diego to assist Purcell will be Analyst Catherine Fitorre, who joined Triago’s New York office in September.
At the same time as Purcell’s appointment, Triago is expanding its New York team with two new hires. George Hermann joins as Senior Associate working across primary and secondary mandates while Ashley Walker – previously a summer intern – joins as an Analyst on fundraising mandates. Hermann, a graduate of St Joseph’s University, joins from Evercore Private Funds Group, where he was an Associate. Walker graduated this year from St. Lawrence University, magna cum laude.
Further senior and junior hires are planned this year across all of Triago’s offices – in New York, London, Paris, Dubai and San Diego – and at least one other office opening is under serious consideration for 2022. Revenues rose 115 percent at Triago in 2021, with all businesses and geographies contributing. Triago is on track for similar or better revenue growth this year.
About Triago – With offices in New York, London, Paris, Dubai and San Diego, Triago provides fundraising services, secondary transaction advisory, and strategic solutions for general partners and limited partners seeking to optimize success in the global private equity market. Founded in 1992 as one of the first private equity fund placement agents, Triago has completed over 180 fundraisings on five continents and has advised on the transfer of more than 3,500 private equity fund stakes on the secondary market on behalf of some 200 clients across the world. Triago has also undertaken over 50 strategic advisory mandates for general partners and limited partners looking to launch, boost or restructure PE fund operations. Triago’s fastest growing sector in 2021 was direct single-deal advisory and co-investments. https://www.triago.com/
Contact: David Lanchner, dlanchner@lanchner.com, +33 6 33 43 50 76