Adams Road Companions has appointed Jim Walker as world head of wealth, because it steps up its efforts to broaden its distribution to monetary advisers and wealth managers.
The choice asset supervisor has additionally launched a brand new web site to share insights information and sources with the non-public wealth viewers.
Walker has been chief working officer at Adams Road for practically seven years since becoming a member of the agency after a variety of management positions at Morgan Stanley, Credit score Suisse, and Merrill Lynch.
In his new position he’ll focus significantly on growing and scaling of services for monetary advisers and their purchasers.
He’ll break up his COO tasks with chief monetary officer Michael Kurlander.
Learn extra: Adams Road non-public credit score head highlights the advantages of lead lender standing
Adams Road runs $59bn (£45.7bn) for purchasers throughout non-public fairness, together with enterprise, and personal credit score investments. The agency joins different various asset managers, similar to KKR, Carlyle and Ares Administration, which have arrange devoted wealth divisions to broaden entry to non-public markets and widen their distribution.
“Our Personal Wealth platform advantages from Adams Road’s greater than 50 years of expertise,” mentioned Walker. “There may be important demand from advisors and their purchasers for high quality non-public markets investments. Adams Road can present entry, institutional high quality origination, and portfolio building in methods which can be accessible to non-public wealth purchasers.”
Jim is a pure match for this position as a senior chief with deep funding acumen and important operational expertise. His intensive expertise in wealth administration will speed up our development in non-public wealth,” added Jeffrey Diehl, managing associate & head of investments at Adams Road.
Learn extra: Adams Road raises $1bn for first CLO
Learn extra: British Enterprise Investments commits €60m to Adams Road fund