LONDON/NEW YORK - First Avenue Partners, a leading global private placement agent and investment advisory firm, is pleased to announce that it has been recognized by Private Debt Investor during their 2014 Annual Awards as the winner of the 2014 European Placement Agent of the year and as runner-up for the 2014 Americas Placement Agent of the year.
"The private equity fundraising boom that peaked in 2008 was driven by a strategic allocation of capital out of public equities into private equity in search of incremental returns. Post global financial crisis, we recognized the beginnings of potentially even greater reallocation of capital out of government and high grade debt into private credit in search of contractual capital protection and incremental yield." commented Jonathan Davie, Co-Chairman.
"We were the first placement agent to invest in building a private credit placement business and have successfully represented 11 GPs across 17 funds and 12 credit strategies. We were extremely pleased that our trailblazing and hard work was recognized recently by our peers at Private Debt Investor," added Paul Buckley, Managing Partner. "These awards are a great testimony to the strength of our project management and distribution team, as well as recognition of our global reach."