(Bloomberg) — EQT AB has named Peter Aliprantis as head of its private wealth management business in the Americas, furthering an industry-wide push to offer high-net-worth clients access to the investments of private market.
The Stockholm-based investment firm is hiring Aliprantis as a partner in New York, where he will report to EQT's global head of private wealth, Peter Beske Nielsen, according to a statement reviewed by Bloomberg News.
Aliprantis is joining from TPG Angelo Gordon, where he was a managing director focused on new business development and intermediary distribution. Prior to TPG Angelo Gordon, Aliprantis was a partner and managing director at FrontPoint Partners working on the global distribution of alternative investment products to private investors and advisors.
“With more than 25 years of private wealth experience, working across private banks, call offices, family offices and digital platforms, Peter is well suited to lead our growing private wealth team in the Americas,” said EQT's Chief Commercial Officer , Suzanne Donohoe. in the statement. “He takes an entrepreneurial approach to expanding new strategies and clearly exemplifies EQT's values.”
According to the statement, private wealth represents about 9% of total client commitments in active EQT funds. The hiring of Aliprantis is part of a plan by EQT to expand its global private wealth business, which remains a strategic priority for the firm.
Private equity firms have been making private equity hires in an effort to provide non-institutional investors greater access to traditional buyout strategies. Vista Equity Partners, known for its bets on enterprise software, hired Dan Parant from KKR & Co. as global head of its private wealth solutions business in February.