Eaton Partners promotes three to partner level

The placement agent, one of the few to raise capital for both private equity, real estate and hedge funds, has named three new partners in the business

Eaton Partners, the Rowayton, Connecticut-based placement agent, has promoted three of its senior members to become partners, it said today. In addition, the firm has promoted five other professionals to managing directors. 

The company, which has offices in the US, Asia and Europe, has elevated the staff as it finds itself in the middle of an expansionary drive to meet client demand especially outside the US, it said.

Among those promoted to partner is Steven Eaton, who focuses on distributing the firm’s private equity, real estate and real assets offerings. Prior to joining Eaton Partners, he was a director at C6 Capital, a Moscow-based investor of renewable energy projects, where he was in charge of business development. Ulises Flores, who works on fund origination, screening, due diligence and packaging of various alternative products for distribution has also been made a partner. He has 16 years of financial services and corporate experience, ten of which have been spent in the private equity industry. During his time at Eaton Partners, he has covered primarily real estate, real assets and hedge fund strategies. 

The third new partner is Chris Lerner who leads the origination of alternative funds for Eaton in Asia. Before joining Eaton Partners, he was a managing partner at Mercer Street Capital, an independent strategic advisory and investment firm. 

Among the five other people to gain promotion is Joshua Barenbaum, who used to work for Kayne Anderson where he was vice president focused on direct mezzanine investing. 

Among its recent mandates was Asian private equity firm Baring Private Equity Asia, which appointed Eaton Partners to raise its first ever real estate fund. 

At the end of March, PERE reported how BPE Asia Real Estate, the real estate business of Baring Private Equity, had closed BPE Asia Real Estate Fund earlier than scheduled after raising approximately $365 million for the vehicle.