Newbury Partners, the Connecticut-based private equity secondary market investor, has added Andrew Levy to its team as a managing director. Previously, Levy worked with Auda Private Equity, where he worked on secondaries and co-investments.
Newbury Partners Adds Managing Director Andrew Levy
5/16/2011 (Stamford, CT) — Newbury Partners, a firm with more than $1.7 billion in
assets under management that specializes in acquiring private equity limited partnership
interests in the secondary market, has added Andrew Levy as Managing Director.
Mr. Levy joins an experienced team at Newbury Partners, one that has executed more
than 125 secondary transactions across nearly 20 years as secondary specialists. At
Newbury Partners, Mr. Levy will be responsible for the origination, valuation, execution
and monitoring of private equity secondary investments and co-investments.
Mr. Levy has more than 12 years of experience as a private equity investor, with senior
responsibility for secondary, co-investment, and portfolio company buy-out transactions
in this time. Prior to joining Newbury Partners, Mr. Levy was a Managing Director at
Auda Private Equity, where he focused on secondaries and co-investments. At Auda, he
led nine of the firm’s secondary transactions and also shared responsibility for managing
the firm’s co-investment program, where he led or co-led 16 investments and deployed
over $260 million in equity capital. Prior to Auda, Mr. Levy was a member of the senior
management teams of two portfolio companies owned by KKR and Providence Equity
Partners, where he led or co-led nearly 20 transactions worth over $1.3 billion in
enterprise value. Prior to his experience in private equity, Mr. Levy spent nearly four
years in the Global Mergers & Acquisitions Group of Citicorp Securities. Mr. Levy
graduated with an MBA from Harvard Business School and received a BBA from the
University of Michigan.
About Newbury Partners
Newbury Partners specializes in acquiring buyout, venture capital, special situations,
mezzanine and fund-of-funds limited partnership interests in the secondary market.
From large financial institutions and corporations to family offices and individual
investors, Newbury Partners delivers creative liquidity solutions to address sellers’
objectives across the global private equity market. Newbury Partners considers
transactions involving both young and mature portfolios, and purchases interests in
private equity funds as well as in privately-held companies.
While the team actively reviews secondary transaction opportunities ranging up to $250
million in value, Newbury Partners has no minimum deal size – transaction size is not a
limiting factor. This approach enables Newbury Partners to provide investors with the
greatest flexibility in considering strategic alternatives – everything from wholesale
changes to minor sell-downs can be accomplished.
Newbury Partners’ international experience and capabilities are also critical components
of its business: the team regularly works with sellers and review investments in North
America, Europe, Asia, Australia, the Middle East, and Latin America. Newbury
Partners’ worldwide network of relationships enables the team to think globally but
operate locally, effectively tailoring its transactions to individual sellers and geographic
Reach Newbury Partners at 203-428-3600.