Richard Allsopp has agreed to join fund placement and secondary advisory Campbell Lutyens as a partner. He is the former global head of private equity funds with UBS, which he left last year to form an internal fundraising operation at Babcock & Brown. Following B&B’s financial troubles, he worked to help the firm’s European infrastructure group spin out.
Campbell Lutyens is pleased to announce that Richard Allsopp will be joining the firm as a Partner from 12 October 2009 to play a senior role in the further development of the business. Campbell Lutyens is a leading adviser in the private fund placement and secondary advisory market and Richard will be involved across the range of these activities with a particular focus on raising private equity and infrastructure funds.
Richard brings with him over 20 years of experience in private equity, infrastructure and other funds and is one of the most respected advisors in the alternative fund sector. For the 10 years to 2008 he was the Global Head of the Private Funds Group at UBS where he was responsible for establishing and developing one of the most successful private equity and infrastructure fund placement businesses in the market.
Andrew Sealey, the Managing Partner of Campbell Lutyens, commented: “Richard’s holistic experience in both private equity and infrastructure, in emerging markets, Europe and North America is unusually aligned with ours. We have known each other well as friendly competitors for a decade and have always held each other in the highest regard.” He added that “Over the last three years there has been a considerable increase in the breadth, complexity and transaction size of mandates with which Campbell Lutyens has been engaged. Our revenues have tripled and our total team has doubled in size to 48 people. On the back of a record financial year to April 2009 we are keen to continue to offer market leading solutions at a time of considerable change in the private equity and infrastructure sectors. We welcome the quality of contribution that Richard will be able to make.”
Richard Allsopp commented: ”Campbell Lutyens has an excellent reputation in the marketplace and I believe is particularly well positioned to thrive during the current market turmoil and emerge as a clear winner. Its complementary placement, secondary and financial advisory capabilities together with its focus on both private equity and infrastructure will help ensure its continued relevance and success. I have always enjoyed my interactions over the years with the team at Campbell Lutyens and look forward very much to doing what I enjoy best within one of the leading independent firms.”
About Campbell Lutyens
Campbell Lutyens was founded in 1988 and has evolved significantly to become a leading, independent advisory firm specialising in all aspects of fund placement, secondary transactions and restructurings in private equity and infrastructure. In the past 12 months, CL has completed or is in the final stages of completing over 20 primary fundraising, secondary and financial advisory mandates aggregating over $10 billion.
Today, in addition to the co-founder John Campbell, the Partners comprise Andrew Sealey, Andrew Bentley, Chris Davidsson and Jean-Philippe Keravec. The firm has offices in London and New York and has a team of 48 executives, advisors and staff with global and broad-ranging expertise in the private equity and infrastructure sectors.
About Richard Allsopp
Richard Allsopp (45) was until 2008 the Global Head of the Private Equity Funds at UBS. He joined UBS in 1998 to set up their global fund placement group based in London before moving in 2003 to the US to further develop the business from Connecticut. In 2006 he returned to London and while continuing to lead the placement business also became a member of the European Investment Banking Executive Committee. He grew the group to 38 professionals and during his tenure the group closed 46 funds with total commitments of over $100bn.
He left UBS in 2008 to join Babcock & Brown to establish an internal fund raising capability. Following the financial troubles of the parent company he worked to assist the senior members of the European infrastructure team to buy-out the core European infrastructure investment business to form a new independent fund management partnership, an exercise which was successfully completed in July 2009. Prior to UBS Richard spent 10 years specialising in emerging market equities, closed-end funds and