20 June 2012
London - Macquarie Investment Management (MIM) has appointed Merrick McKay as Head of European Investments in its Private Markets team. Mr McKay will be based in London, and will focus on the team’s European investment strategy, including fund and direct private equity investments.
MIM Private Markets has over £4.4 billion assets under advice globally, investing in primary funds, secondary investments and co-investments. MIM Private Markets has 36 professionals dedicated to the management and servicing of private equity portfolios across seven offices in Australia, Asia, Europe and North America on behalf of large superannuation funds, institutional clients and endowment funds globally.
Mr McKay was most recently a Partner and Chief Operating Officer with PEFOX, a UK company specialising in private equity secondary broking and derivatives activities. Prior to this, Mr McKay was a Partner and member of the Investment Committee with Primary Capital Limited where he spent 13 years. Mr McKay led or co-led a number of direct investments in the management buy-out and expansion capital sectors of the UK private equity market.
Michael Lukin, Head of MIM Private Markets, said: “Merrick brings a wealth of direct investment experience in Europe with strong relationships with UK general partners. Bringing Merrick into the team strengthens our private equity experience in transaction-based activity in Europe. His addition enhances our emphasis on direct investment as a mechanism by which to add value to client portfolios and reduce the overall cost of private equity.”
For further information, please contact:
Tel: +44 (0) 20 3037 2311
Macquarie Group is a global provider of banking, financial, advisory, investment and funds management services acting on behalf of institutional, corporate and retail clients and counterparties around the world. Founded in 1969, Macquarie employs more than 14,200 people in 28 countries. At 31 March 2012, Macquarie had assets under management of £212 billion.
Macquarie Investment Management (MIM) offers securities investment management capabilities across a number of asset classes including fixed interest, currencies, equities, infrastructure securities, private markets, hedge funds and multi-asset allocation solutions. MIM is a division of the Macquarie Funds Group (MFG), Macquarie Group's funds management business. MFG is a full-service asset manager, offering a diverse range of capabilities and products including infrastructure and real asset management, securities investment management and structured access to funds, equity-based products and alternative assets. The group had £210 billion in assets under management as at 31 March 2012.