Probitas Hires Liquidity Management Exec.

Jun 30 2006 | 8:52pm ET

Alternative investment advisory firm Probitas Partners has hired Chris Mayo as a vice president in its liquidity management business. Mayo joins the firm from Aperture Ventures, where he was responsible for sourcing, structuring and executing secondary investments. At Probitas, Mayo will execute transactions as a sell-side adviser for investors who wish to sell their positions in private equity funds.

"As the secondary market matures and limited partners increasingly accept it as a portfolio management tool, we should see significant growth in the market over the next few years," said Mayo. San Francisco-headquartered Probitas was founded in 2001and has three business practices, including the placement of private equity funds, portfolio management and liquidity management.

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