DC Advisory's European secondaries team, led by managing director James McCredie, has disbanded, according to sources familiar with the matter.
Team Departures
The team, which was based in London, included several senior bankers who have left the firm. The departures come as the secondaries market continues to grow, with more investors looking to buy and sell stakes in private equity funds.
Market Context
DC Advisory, a mid-market investment bank, had built a strong presence in the European secondaries space. However, the team's disbandment raises questions about the firm's future strategy in this area.
Sources said that some members of the team have already joined other firms, while others are considering their options. DC Advisory declined to comment.
Industry Implications
The secondaries market has seen significant activity in recent years, with record volumes of deals. The departure of a seasoned team could impact DC Advisory's ability to compete in this space.
It remains to be seen how the firm will restructure its secondaries business or if it will seek to rebuild the team.
