J.P. Morgan Global Alternatives hired two seasoned executives to enhance the firm’s capabilities in private credit and private equity secondaries.
Andrew Carter joined J.P. Morgan Alternative Asset Management as head of private credit secondaries from Tikehau Capital and will be responsible for leading all aspects of J.P. Morgan’s private credit secondaries business. Carter has extensive experience in private credit and was one of the first dedicated investors in private credit secondaries, globally. He brings with him deep relationships with managers across the industry. Based in New York, Carter will report to head of private credit strategies, Brian Coleman.
Tim Henn joined as a lead portfolio manager for secondaries within the private equity group, based in New York. Henn is an experienced secondary professional who previously led secondary investments at Portfolio Advisors representing approximately$2 billion of total exposure with a track record primarily focused on portfolios of LP interests in buyout funds, complemented by growth equity and GP-led exposure. Based in New York, Henn will report to Stephen Catherwood and Ashmi Mehrotra, co-heads of the private equity group.
“We continue to expand our private market capabilities and the recruitment of Andrew and Tim reflects the opportunity we see in secondaries across private equity and private credit markets,” Anton Pil, head of alternatives at J.P. Morgan Global Alternatives, said. “Investors continue to look beyond public markets to generate returns, and we believe private credit and private equity will continue to play a critical role in client portfolios going forward.”
“Andrew has an incredibly impressive track record in building secondaries businesses and is recognized as a prominent thought leader in the industry, so we’re fortunate to have him join our team,” Jamie Kramer, head of the alternative solutions group at J.P. Morgan Global Alternatives, said. “We have seen significant demand for secondaries strategies from clients across the globe, reflecting the need for greater liquidity to take advantage of opportunities as private debt markets mature. Andrew will play a key role in further building out our capabilities in this space.”
“Tim’s extensive sourcing network, investment underwriting and execution experience will complement the Private Equity Group’s extensive GP relationships and position as a preferred buyer,” Stephen Catherwood, co-head of the private equity group at J.P. Morgan Global Alternatives, said. “Tim’s strong track record in secondary investments, combined with a philosophical and cultural alignment with our team’s approach, make him an ideal fit to bolster our secondaries capabilities on behalf of our clients.”
Carter joined the firm from Tikehau Capital where he was co-head of the firm’s private debt secondaries team, investing in seasoned private credit funds – both through LP stake acquisitions and as GP-led transactions. Before joining Tikehau Capital, Carter was a vice president in Mizuho’s financial institutions group, leading coverage of the private debt sector and prior to this was an associate in the financial institutions group at Barclays Capital. He served in the United States Marine Corps for more than seven years. Carter is a regular speaker at industry conferences and contributor to industry publications discussing the credit secondaries market.
Henn joined J.P. Morgan from Portfolio Advisors, where he was most recently a senior vice president in the firm’s secondary investment team. In this role, Henn was focused on secondary transactions, including buyout, growth, venture, special situations, secondary/fund-of-funds and secondary directs strategies. Prior to this, Tim worked at Raymond James in debt origination and restructuring investment banking, and started his career as a corporate finance/restructuring consultant at FTI Consulting.
