Cebile Capital, a leading secondaries adviser and placement agent, today announces that it has opened an office in New York as part of a wider North American expansion strategy. Founded in 2011, Cebile has become one of the pre-eminent partners to mid-market private equity GPs for fund placements. It also advises buyers and sellers of private equity secondary interests.
Steven Westerback has joined Cebile as President, Head of the Americas. Steven brings extensive private markets experience, most recently having spent 10 years as a senior member of the Private Funds Group at UBS Investment Bank where he worked with a large number of institutional investors and GPs. Prior to UBS, Steven was a member of the secondary private equity investment team at Paul Capital and earlier worked with the Alternative Investment Partners business at Morgan Stanley. Steven holds an MBA from Harvard Business School and is a magna cum laude graduate of Muhlenberg College.
Sunaina Sinha, Managing Partner of Cebile Capital, said: “The mission of Cebile Capital is to provide the highest quality private equity advisory services to General Partners and Limited Partners. Therefore, we are delighted to announce the opening of an office in New York. The office will allow us to expand our penetration of the North American market, providing greater coverage of institutional investors for our GP placement clients and better enabling us to solve the liquidity needs of limited partners.”
The North America expansion concludes a successful year for Cebile, which has worked with six GPs on primary placements and completed over a dozen transactions in the secondaries market.
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