Revealed: Swiss giant Partners Group taps new head of private equity
Swiss private markets investor Partners Group has taken a punt on a seasoned investment banker as it seeks to hone its focus in the Australian market.
Street Talk understands Partners has tapped ex-ANZ M&A banker Toby Mannock as its next local managing director and head of private equity, reporting to head of Australia Martin Scott.
The appointment will see the group shift to targeting one to two direct private equity investments per year in Australia and New Zealand.
Martin Scott (left), head of Australia at Partners Group, and chief executive David Layton. The pair say Australia now accounts for 10 per cent of the firm’s global client capital. Louie Douvis
“We have ambitious growth plans for the region, building on our fundraising success, and I look forward to partnering with Toby as we ramp up our private equity direct investment activities,” Scott said in an email seen by Street Talk.
Prior to joining, Mannock was a managing director at London-based Renaissance Capital, where he worked for over 11 years advising on deals in the metals and mining sector.
He began his finance career as an M&A analyst at KPMG in Melbourne, before joining the British Army’s parachute regiment, and is described as a top deal-closer.
Mannock’s hire follows a series of senior appointments in the region including expanding Scott’s role to focus on investment sourcing and transactions and the addition of Andrew Kateiva as head of institutional client solutions, though the group has made limited hires on the investment banking side.
The US$135 billion asset manager was last seen on Andrew Forrest’s Squadron Energy’s play for CWP Renewables in the largest renewables sale in Australian history.
It received US$22 billion in new commitments from
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