ICAP PLc (IAP.L) has expanded it alternative investments business with the hires of Laura Prager and Linda Prager, who will act as Co-Heads and Managing Directors of the Alternative Investment Group.
The Alternative Investment Group will provide personal and strategic assistance to investors interested in buying and selling secondary interests in hedge funds, private equity funds, real estate funds and other illiquid assets. The Group’s goal is to provide sellers of illiquid positions the ability to gain liquidity, rebalance portfolios and reduce exposure to distressed assets.
Doug Rhoten, Chief Executive Officer of ICAP Americas, said: The secondary market are an exciting area and we look forward to expanding the ICAP platform with the addition our new Alternative Investment Group.
We are extremely excited about joining the ICAP family, and our diverse backgrounds, knowledge and contracts in the investment and general partner community will be invaluable to our providing a premium service to new and existing ICAP customers, stated Linda Prager.