Atlantic-Pacific taps Credit Suisse’s Elkhatib to succeed CEO Bourgeois

Mark Bourgeois, president and chief executive of placement agency Atlantic-Pacific Capital, is leaving the firm to take a position at Abraaj Group, people with knowledge of the situation told Buyouts.

Atlantic-Pacific Capital named Raed Elkhatib, a managing director in the private fund group at Credit Suisse, to succeed Bourgeois, the people said. Elkhatib has worked at CS since 2006, prior to which he was a director at PricewaterhouseCoopers from 2000 to 2006, according to his LinkedIn profile.

When Elkhatib will join Atlantic-Pacific is unclear. Credit Suisse did not return a request for comment.

Bourgeois’s departure from Atlantic-Pacific is “imminent,” according to one of the people with knowledge of the situation. It’s unclear when he will join Abraaj or what his role there will be. Mitali Atal, a spokeswoman for Abraaj, which manages $10 billion across private-equity strategies from more than 20 offices worldwide, declined to comment. Bourgeois did not respond to several requests for comment.

Bourgeois joined Atlantic-Pacific in 2012, prior to which he was CEO of Credit Suisse Asset Management-Americas, from 2008 to 2012, his LinkedIn profile says.

He also was global head of asset-management distribution at Lehman Brothers for a year, and a managing director at UBS from 1999 to 2007.

Atlantic-Pacific has kept busy with fundraising mandates this year, closing Bernhard Capital Partners’ debut fund on more than $750 million; Broadwell Capital’s Tactical Opportunities Fund on $1 billion; and Waterton’s third fund on $725 million, 45 percent above its $500 million target.

Action Item: Read more about APC here: http://www.apcap.com/who-we-are/team

Photo of Mark Bourgeois courtesy of Atlantic-Pacific Capital