FIRSTavenue appoints new global head of Capital Solutions Group

FIRSTavenue, a private equity, funds placement agent, and investment advisory firm, has announced the appointment of Nick Chronias, partner, as global head of the Capital Solutions Group dedicated to servicing the growing private funds secondary market.

Based in London, Chronias was previously co-head of Private Placements for FIRSTavenue.

The Capital Solutions Group builds on FIRSTavenue’s private credit and private infrastructure by “focusing specifically on the secondary markets within these asset classes”.

Paul Buckley, CEO and managing partner of FIRSTavenue, said: “Private credit and private infrastructure secondaries are at an inflection point, as the underlying markets mature to the point where they can support an active secondary market for LP interests and GP solutions.

“In this context, we see a compelling opportunity for FIRSTavenue to provide specialised solutions to clients navigating this dynamic landscape.”

Chronias said: “This is an exciting time for both FIRSTavenue and the markets we serve. We believe that the Capital Solutions Group can continue its role as a first mover as credit and infrastructure secondaries begin to catch up to private equity secondaries markets. We look forward to providing focused advice to existing and new clients.”