Placement agent of the year in North America
1. Eaton Partners
2. Park Hill Group
3. Credit Suisse
Fundraising for private equity funds hasn’t gotten any easier, but having placement agent Eaton Partners raise your fund is certainly an advantage. The Connecticut-based firm helped several general partners exceed their targets and reach final closes without turning fundraising periods into multi-year affairs. Eaton was particularly active with energy funds (very popular at the moment). It helped take Red Kite Group’s mining fund RK Mine Finance Fund II to $1.15 billion in just 10 months, well above the firm’s $750 million target, and Parallel Resource Partners’ Energy Recapitalization and Restructuring Fund to $520 million – smashing its $300 million target. Other highlights included Summit Partners’ debut credit fund, which collected $520 million on a $300 million target, and Intermediate Capital Group’s Europe Fund V, which hit its GP-imposed €2.5 billion hard-cap. Eaton also claimed a piece of the separate account market, helping Asia Alternatives Capital Partners III raise $908 million on an $800 million target, plus $600 million of separate accounts.
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