Park Hill Group picks managing principal for secondary advisory

Andrew Caspersen was named managing principal in the secondary advisory business of placement agent Park Hill Group, confirmed spokesman Peter Rose.

It is a new position. Mr. Caspersen will focus on Park Hill's secondary advisory business, which delivers liquidity and new capital to private equity investors and managers.

Mr. Caspersen was previously principal at Coller Capital. Officials at Coller Capital were not available by press time.