Ex-Pinebridge secondaries chief to open NY office for Altamar

Harvey Lambert, former head of secondaries at Pinebridge, is joining Madrid-based Altamar Capital Partners to open a New York office and help expand the firm’s presence in the United States.

He left Pinebridge in late 2012 and has been working as managing partner of advisory firm Stonevest Capital, which focuses on the secondary market.

“Our strategy of using the Altamar platform, with products focused on leveraged buyouts, venture capital, real estate and infrastructure, to target small, niche and off-market deals globally, will be a differentiating factor for us in creating value for our clients in the secondaries market,” Lambert said in a statement.

Lambert worked at the firm since 1997, when Pinebridge was AIG Investments. In 2010, AIG Investments was folded into Hong Kong’s Pacific Century Group and renamed Pinebridge.

Altamar makes primary, secondary and co-investments with about 3 billion euros ($3.36 billion) committed. The firm raised two secondary funds: Altamar Secondary Opportunities IV FCR, which raised 65 million euros, and Altamar Secondary Opportunities VII FCR, which raised 150 million euros.

Action Item: Altamar’s website: https://www.altamarcapital.com/quienes-somos/

Photo of Harvey Lambert courtesy of Altamar