Jefferies hires head of European fundraising

The fundraising group within investment bank Jefferies is continuing to ramp up staff levels, having hired Magnus Christensson to run European activities.

Christensson was most recently at rival placement agent Atlantic-Pacific Capital, which he joined in 2002. Last year, Atlantic-Pacific recorded two fund closes: it helped Yucaipa raise $1.6 billion for its second buyout fund and aided the $406 million fundraise for lower mid-market firm Riverside Partners.

He also helped raise $572 million for Forum Partners' Forum European Realty Income III fund, which closed in February last year after attracting commitments from 15 institutional investors in Europe and the US.

“I have really enjoyed my years at Atlantic-Pacific Capital, and I want to thank all of you who have made my time such an enjoyable and a stimulating period of my 21-year-long career,” Christensson wrote in an email to friends and family notifying them of his new role.

Magnus Christensson

Jefferies' private placement division, established in 2005 when it purchased placement firm Helix Associates, has lately been ramping up staff levels. In October, it hired three senior professionals. In New York, the firm hired Luke Belcastro and Margaret Marshall, both of whom joined from boutique placement firm Mallory Capital. In London, Joseph Nagae joined the Jefferies team from Citi’s private fund placement group, which is being wound down.

When the firm formally announced the three appointments in October, Steve Gray, head of Jefferies’ fund placement group, said the firm is “confident about the long-term prospects for the private equity and alternatives markets, which will continue to be reflected in our hiring plans”.

Jefferies' team of senior fundraising professionals includes San Francisco office head, Bob Rivett. He was formerly the co-head of fundraising for Credit Suisse and a founding partner and co-head of Donaldson, Lufkin & Jenrette's private funds group. 
 
Last year, Jefferies assisted in the closure of two funds: the $1.2 billion close on Riverside Company’s fifth fund and the €665 million close of Silverfleet Capital Partners’ first independent fundraise since spinning out of Prudential.

Additional reporting by Robin Marriott.