Key Takeaways
- • New 2ND Capital promotes Rob Luttrell and Yindran Puspanathan to Partner, expanding leadership in the $2.6 billion AUM secondaries firm focused on middle-market GP-led transactions.
- • The firm executes seven additional promotions across investment, capital formation, and operations teams, reflecting management's strategy to develop internal talent and support growth initiatives.
- • New 2ND Capital targets North American middle-market secondaries with transaction sizes ranging from $10 million to $500 million, specializing in continuation funds, fund restructurings, and spin-outs.
- • Managing Partner Tjarko Hektor framed the promotions as foundational to the firm's transition into its "next phase of growth," signaling planned expansion beyond current $2.6 billion AUM base.
Summary
New 2ND Capital, a New York-based private equity secondaries firm, has announced the appointment of Rob Luttrell and Yindran Puspanathan as Partners, alongside a broader slate of internal promotions designed to strengthen operational and investment infrastructure ahead of planned growth.
The promotion announcements include Jack Shay advancing to Principal; Kendra Zhi and Isabelle Leonaitis to Vice President; Abraaz Khan and Henry Wakelin to Senior Associate; Mildred Villedas to Associate; and Matt Skerl to Senior Fund Accountant. These moves span the firm's Investment, Capital Formation & IR, and Finance & Operations divisions, indicating a deliberate effort to build depth across functional areas.
Managing Partner Tjarko Hektor emphasized that the promotions reflect both individual contributions and the firm's commitment to developing homegrown talent. "These promotions recognize each person's contributions to the continued success of the firm and reflect our commitment to developing homegrown talent," Hektor stated, adding that the team appointments position New 2ND Capital to "execute as we move into our next phase of growth."
New 2ND Capital manages $2.6 billion in assets under management and focuses exclusively on North American middle-market GP-led secondaries transactions, including continuation funds, fund restructurings, and spin-outs. The firm's target transaction size ranges between $10 million and $500 million, positioning it within the competitive middle-market secondaries landscape where scale-up pressures remain significant.
The timing of the promotion announcements suggests New 2ND Capital is preparing infrastructure and leadership capacity for capital deployment. The combination of new partners and distributed promotions signals confidence in internal team quality and indicates the firm expects to pursue larger or more frequent deployment opportunities in coming periods.
The promotion announcements include Jack Shay advancing to Principal; Kendra Zhi and Isabelle Leonaitis to Vice President; Abraaz Khan and Henry Wakelin to Senior Associate; Mildred Villedas to Associate; and Matt Skerl to Senior Fund Accountant. These moves span the firm's Investment, Capital Formation & IR, and Finance & Operations divisions, indicating a deliberate effort to build depth across functional areas.
Managing Partner Tjarko Hektor emphasized that the promotions reflect both individual contributions and the firm's commitment to developing homegrown talent. "These promotions recognize each person's contributions to the continued success of the firm and reflect our commitment to developing homegrown talent," Hektor stated, adding that the team appointments position New 2ND Capital to "execute as we move into our next phase of growth."
New 2ND Capital manages $2.6 billion in assets under management and focuses exclusively on North American middle-market GP-led secondaries transactions, including continuation funds, fund restructurings, and spin-outs. The firm's target transaction size ranges between $10 million and $500 million, positioning it within the competitive middle-market secondaries landscape where scale-up pressures remain significant.
The timing of the promotion announcements suggests New 2ND Capital is preparing infrastructure and leadership capacity for capital deployment. The combination of new partners and distributed promotions signals confidence in internal team quality and indicates the firm expects to pursue larger or more frequent deployment opportunities in coming periods.
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