Triago hired Michael Pilson as a partner and Marc Fitorre as a principal on the secondaries advisory team. Pilson, who joins from Eaton Partners, will lead Triago’s secondary markets origination group in the Americas. Fitorre, who joins from Cebile Capital, will lead Triago’s secondary market execution group in the Americas. The two will be based in Triago’s New York office and complement the firm’s 11-person secondaries team.
Michael T. Pilson and Marc Fitorre have joined Triago as respectively the private equity advisory’s newest partner and its newest prinicipal. Pilson and Fitorre – based in Triago’s New York office – complement a globally integrated 11-person secondaries team. Pilson heads Triago’s secondary markets origination group in the Americas. Fitorre leads the secondary markets execution group in the Americas. More appointments across the seniority spectrum are imminent at Triago – including a senior associate who will be joining the secondary team this week – covering all aspects of the firm’s primary and secondary businesses and all of the firm’s offices.
“Today’s pandemic has upended assumptions in secondaries, creating new opportunities in single asset transactions, the transformation of deal-by-deal transactions into funds, strip sales, and structured deals reliant on products like preferred equity,” says Triago chairman and founder Antoine Drean. “Michael and Marc are pioneers in all these areas and highly experienced, attentive advisors in the meat and potatoes end of the market, limited partner stake sales.” “With these two heading up secondary operations in the Americas our ability to offer innovative secondary structures to both buyers and sellers just got even deeper,” says Victor Quiroga, Triago’s New York-based founding partner.
Pilson joins Triago from Eaton Partners, where he was a managing director. There, he led general partner advisory in the secondary markets (Americas) and spearheaded all direct transactions (Americas). Earlier, Pilson set up and ran the secondary investment program for the private markets group at DuPont Capital Management, where he was also in charge of co-investments. He was a vice-president in the private equity finance group at Deutsche Bank Alex. Brown and started his career as an investment banking associate at Cowen & Company.
Pilson graduated with an MBA from Cornell’s Johnson Graduate School of Management and earned a BA in finance from Loyola College.
Immediately prior to joining Triago, Fitorre led secondaries origination and execution in the Americas and Asia-Pacific for Cebile Capital (just acquired by Raymond James). Earlier, he was a part of the three-person founding team of Evercore’s Private Capital Advisory unit. There, he was responsible for secondaries deal management and execution, LP portfolio evaluation, cash flow & continuation fund modeling, and buyer outreach for both LP-stake transactions and GP-led deals. Prior to this, he was part of the secondaries team at UBS Investment Bank’s Private Funds Group, working on some of the market’s most prominent LP-led transactions as well as a number of early GP-led transactions.
Fitorre earned a BS in Engineering Management Systems from Columbia University’s engineering school.
About Triago – With offices in New York, London, Paris and Dubai, 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 160 fundraisings on five continents and advised on the transfer of more than 3,000 private equity fund stakes on the secondary market on behalf of 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. http://www.triago.com/