Unigestion builds out secondaries franchise with appointment of Jordan Dimmock
- Private equity
- Press releases
Jordan Dimmock
Senior Vice President, Private Equity
Unigestion, the independent asset manager specialising in mid-market private equity transactions, has appointed Jordan Dimmock as a senior investment professional in its global secondaries team.
Jordan, who has 10 years’ experience in private equity, will be focused on sourcing and underwriting transactions for the sixth vintage of Unigestion’s secondaries strategy and will be based in London. He has joined Unigestion from abrdn where he started his private equity career in 2014, becoming Investment Director in 2021. During this period he was responsible for underwriting, executing and monitoring over $1.5bn of transactions, including several GP-led transactions and traditional LP stakes.
Unigestion has more than 20 years’ experience in secondaries and is one of the most established players in the mid market, with a global team numbering 70 people. Its secondaries strategy focuses on providing global exposure to hand-picked transactions of hard-to-access companies, with a focus on delivering attractive cashflow profiles and consistent unlevered returns with low loss ratios. The sixth vintage of the strategy has a target portfolio of 40-60 transactions, with 40% expected to be in North America, 40% in Europe and the remainder in Asia.
Over the past 24 months, Unigestion’s Secondaries team – headed by Ralph Büchel – has successfully closed almost 30 transactions globally. Several deals have been exclusive to Unigestion, leading to low levels of overlap with peers. These include complex deals both on the GP-led transactions and direct secondaries side as well as several LP stake transactions in funds with existing GP relationships. During the same period the team has also delivered record level of distributions – the largest 15 exits delivered an average MOI of 4.4x, substantially increasing the DPI for all active secondaries vintages.
Ralph Büchel, Private Equity Partner and Global Head of Secondaries at Unigestion, said: “We have a clear vision of what makes for an attractive secondaries strategy and how we want to grow our secondaries business. We are delighted to welcome Jordan as we seek to take advantage of the current environment to select the very best global investment opportunities and deliver first quartile unlevered returns. He brings a decade of experience in fundamental secondaries analysis and this expertise will prove valuable for our investors.”
Mark Zünd, Partner and Head of Private Equity at Unigestion, said: “We have built a strong franchise in secondaries over the past 20 years. We have developed a clearly-defined investment strategy that takes full advantage of our primary platform and leverages on our direct investment underwriting skills to deliver consistent returns for our investors. This hire reflects our commitment to further scaling our secondaries business as we seek to cement our reputation as a leading player in global mid-market secondaries.”
Ends
For further information please email us at: corporatecommunicationteam@unigestion.com
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The information and data presented in this document may discuss general market activity or industry trends but is not intended to be relied upon as a forecast, research or investment advice. It is not a financial promotion and represents no offer, solicitation or recommendation of any kind, to invest in the strategies or in the investment vehicles it refers to. Some of the investment strategies described or alluded to herein may be construed as high risk and not readily realisable investments, which may experience substantial and sudden losses including total loss of investment.
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Unigestion (UK) Ltd. is authorised and regulated by the UK Financial Conduct Authority (FCA) and is registered with the Securities and Exchange Commission (SEC). Unigestion Asset Management (France) S.A. is authorised and regulated by the French “Autorité des Marchés Financiers” (AMF). Unigestion Asset Management (Canada) Inc., with offices in Toronto and Montreal, is registered as a portfolio manager and/or exempt market dealer in nine provinces across Canada and also as an investment fund manager in Ontario, Quebec and Newfoundland & Labrador. Its principal regulator is the Ontario Securities Commission. Unigestion Asset Management (Düsseldorf) SA is co-regulated by the “Autorité des Marchés Financiers” (AMF) and the “Bundesanstalt für Finanzdienstleistungsaufsicht” (BAFIN). Unigestion SA has an international advisor exemption in Quebec, Saskatchewan and Ontario. Unigestion SA is authorised and regulated by the Swiss Financial Market Supervisory Authority (FINMA). Unigestion SA’s assets are situated outside wof Canada and, as such, there may be difficulty enforcing legal rights against Unigestion SA.
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