News & Analysis

Hermes GPE to launch in Boston, Singapore

The London-based firm, which manages private equity and infrastructure programmes on behalf of global institutional investors and pension funds, has announced it will open new offices in Boston and Singapore in the coming months – in part to capitalise on co-investment opportunities.

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Hermes GPE, which manages £5 billion (€5.7 billion; $8.1 billion) in private equity and infrastructure programmes on behalf of global institutional investors and pension funds, has announced that it will be opening new offices in Boston and Singapore “in the coming months”. At present, the firm only has a London office.

The Boston office is to be led by Delaney Brown, Hermes GPE’s existing head of the Americas, who until now has been spearheading Americas coverage from the London office. Hermes GPE has been investing in the US on behalf of clients since 1996 and now manages over $1 billion in US-based assets.

In a press release, Delaney says the new office means Hermes GPE can expect “to capitalise more fully on the exciting co-investment opportunities we are seeing in the US”.

Meanwhile, a new Singapore base will form the hub for the firm’s team and operations in Asia. Hermes GPE has been operating in the region for more than a decade, with current investments of more than $600 million in more than 30 private equity funds, private infrastructure funds and co-investments.

The Singapore office will be headed by Saki Georgiadis, who succeeds Pavan Gupte as head of Asia. Georgiadis, who has been with Hermes GPE since 2005, will have responsibility for all manager relationships in Asia and for coordinating the sourcing, due diligence and monitoring of all Asian investments.

The heads of all three of the firm’s offices will report to chief executive Alan Mackay and chief investment officer Peter Gale. The London investment team is headed by Simon Moss.

In the same press release, Mackay says: “This extended platform will enable our investment teams to spend less time in the air and more time on the ground, in markets.”

In April this year, Hermes GPE appointed Peter Ho as its new head of infrastructure in London. Hofbauer was a former global head of infrastructure at Babcock & Brown, the once-powerful Australian investment and advisory firm that went into liquidation in 2009.