After spending six years as a managing director at Warburg Pincus, Oliver Goldstein has moved on. He took up his new post earlier this month at Eton Park, a New York-based hedge fund, where he will be responsible for the firm’s U.S. private market investments.
“Warburg is a terrific place and I was very happy there,” Goldstein said, “but the platform that Eton Park presents to do private market investing was something that got me excited.”
Eton Park was founded in November by former Goldman Sachs partner Eric Mindich as a hybrid vehicle that invests in the public and private markets. Up to 30% of the hedge fund’s $3.5 billion can be invested in private market transactions, and investors in the fund generally have committed their capital for between three and five years – considerably longer than the quarterly redemption notices that are characteristic of many hedge funds.
At Warburg, Goldstein led the firm’s investing activities in the chemicals industry while also pursuing deals in the firm’s other sectors of interest. At Eton Park, Goldstein said he would focus primarily on investing in the financial services, energy, media, industrial and retail sectors, deploying between $25 million and $250 million of the fund’s capital per transaction.
For Goldstein, the move to Eton Park is, in a way, revisiting the past, as it represents the second time in his career that he work under the same roof as Mindich. The first time, about 12 years ago, was when Goldstein was a financial analyst in the investment banking division at Goldman Sachs.
At Eton Park, Goldstein is one of thee global heads of the firm’s private investment team. His counterparts are Nick Campsie, who is responsible for private market investments in Europe, and Dirk Donath, responsible for private market investments in immerging markets, with a particular focus on Latin America.