The business brings the Swiss investment firm's Independent Sponsors and Secondaries strategies under a unified roof.
The jointly developed product gives wealth investors access to ICG's private equity LP secondaries strategy spanning North America and Europe.
The transaction creates a $2.6 trillion manager spanning public and private markets, including secondaries and semi-liquid investment platforms.
The private equity veteran developed the firm's secondaries strategy, leading three transactions across tail-end portfolios, early secondary deals, and a CV.
The partnership will also develop products for wealth investors, beginning with an evergreen private equity secondaries fund expected in the coming weeks.
The firm has appointed Loïc Beaumont as Head of Private Equity to lead the initiative that targets LP-led secondary positions in European buyout funds.
The Swiss firm's flagship semi-liquid strategy tracks the Morningstar PitchBook Unicorn 20 Index primarily through secondaries.
Engler brings over two decades of technology experience and will lead operations and build the infrastructure behind each deal.
The transaction adds nine private equity and credit secondaries strategies to EQT's offering, while its combined evergreen platform now exceeds €10 billion in NAV.
The Geneva-based firm's ACE Secondary Investments VIII is 66% larger than its predecessor.
