The Park Hill Group, a division of Blackstone, named Andrew Caspersen as its managing principal, with a focus on its secondary advisory business.

Most recently, Caspersen served as a principal at Coller Capital, where he sourced, evaluated and closed secondary transactions in the U.S. market.

Caspersen will head the company’s effort to deliver capital solutions to mature funds by working closely with private equity fund managers and limited partners via structured secondary transactions.

“We are delighted that Andrew is joining us. As private equity matures as an asset class, there is a growing need for both investors in, and managers of, older vintage private equity funds to increase their options as to how and when they monetize their portfolios to enhance liquidity and access new capital,” said Larry Thuet, senior managing director at Park Hill. “We expect that providing secondary solutions in this area will continue to be an important part of our services we provide our clients.”