Financial services provider Northern Trust has made two new hires in its alternative investment group focusing on private equity and venture capital.
James Hart has joined the firm from Greenspring Associates to work on venture deals in the US and Asia, while Adam Freda comes from Wind Point Partners to find and execute buyout and venture direct secondary deals.
Northern Trust Alternatives Group managing director Robert Morgan said, “These appointments help to strengthen and diversify our capabilities in private equity, which continues to attract strong interest as an asset class.
“Trey and Adam bring a range of experience at some of the country’s top private equity firms. We are excited about our ability to offer a broader set of strategies to help institutional and individual investors access these markets.”
Northern Trust’s Alternatives Group has approximately $3.5bn under management or advisory.
The private equity program includes a series of private equity funds-of-funds and customizable multiple-manager portfolios, with the objective of generating returns while seeking to reduce risk through fund and sector diversification.
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