DuPont Capital loses senior members of private markets team

  • Why this is important: Two senior execs at DuPont Capital leave; succession unclear
  • Kevin Campbell took over private markets in 2014
  • Antonis Mistras runs alternative investments
  • PE AUM: $2 bln, down from $3.6 bln in 2015
  • Focus: Small, mid-market LBOs, special situations; VC

Two members of the private-markets team at DuPont Capital Management, Kevin Campbell and Eric Wilcomes, have left the group, a DuPont spokesman confirmed for Buyouts.

Campbell was managing director of the private-markets team for the company’s private pension fund. Wilcomes was a portfolio manager on the team.

Why they left or whether anyone is stepping into their roles is unclear. Campbell and Wilcomes couldn’t immediately be reached for comment.

DuPont Capital’s website shows Antonis Mistras is managing director of alternative investments, responsible for PE, private credit, private real estate and hedge funds. Mistras joined DuPont Capital in 1992.

Other members of the private-markets group are Directors and Portfolio Managers Howard Searing and Daryl Brown and Portfolio Manager Chris Pettia.

Bill Blase, spokesman for DuPont, declined to comment beyond confirming the departures.

Campbell took over as head of private markets in 2014, stepping in after longtime chief Carmen Gigliotti stepped down.

Campbell joined DuPont in 2010, prior to which he worked at Montagu Newhall Associates (now Greenspring Associates) on private equity funds, secondaries and co-investments, an archived version of his biography shows.

Wilcomes worked as a portfolio manager at the private pension, prior to which he worked as an associate on the private equity finance group at Deutsche Bank.

DuPont Capital, established in 1993, has about $2 billion in PE assets under management. This is down from $3.6 billion in 2015.

Since 1989, DuPont Capital has committed more than $7.8 billion to more than 330 private equity investments, according to a Power Point presentation about the group.

The private-markets group focuses on small and middle-market leveraged-buyout and special-situations funds under $1.25 billion and venture-capital funds under $550 million, the presentation said.

Action Item: Read more about DuPont Capital here: https://bit.ly/2KFDeJ8