Switzerland based Multiplicity Partners AG (“Multiplicity”) today announces that Melissa Ackermann has joined its private markets practice as a Director. Her role is designed to accelerate Multiplicity’s international deal sourcing activities and to strengthen the firm’s capabilities in real estate fund secondaries.
Last year, the specialist for private markets secondaries already bolstered its senior leadership team and transactional capacity by promoting Pirmin Stutzer to Partner.
Melissa Ackermann has over 17 years of experience in the alternative investment industry, with a focus on real estate and institutional business development. Before joining Multiplicity Partners, Melissa held capital advisory roles at New York-based placement agent Deer Isle Capital and MetLife Investment Management. Prior to that, she held positions at commercial real estate brokerage firms CBRE and Cushman & Wakefield, covering both leasing and investment sales transactions.
Andres Hefti, Partner and Head of Private Markets, said, “We see substantial growth in real estate fund secondaries, particularly in tail-end interests. My partners and I are delighted to welcome Melissa to the team. Her experience and global network will help us address more deal opportunities in our focus segment, which is smaller deals in both niche private markets strategies and underperforming funds.”
Melissa Ackermann, Director at Multiplicity, added: “I look forward to supporting the growth of Multiplicity’s secondaries business and addressing LPs’ growing needs to exit tail-end positions. We estimate that less than 8% of private market funds actually dissolve within the expected 10-year lifespan. Despite being neglected by many investors, this leaves a market with a staggering USD 500 billion in unrealized value for 2008 and older vintage funds. Although these tail-ends are relatively small compared to the original fund size, the opportunity cost of keeping an investment past the intended duration should not be overlooked but instead closely considered. By providing liquidity on these legacy positions, we enable investors to close their exposure so they can reinvest capital into new opportunities.”
For more information about Multiplicity Partners, please visit www.mpag.com.
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Alexander Antic, Media Relations
Multiplicity Partners AG
+41 76 376 70 70