Elm Capital has been dedicated to serving the private capital market for over 19 years, establishing itself as one of the leading placement agents in the industry.
November 2024 - PEI Secondaries Investor Interview: Etienne Deshormes joined Hollyport's John Carter in a discussion with PEI Secondaries Investor about "Creating a legacy in the tail-end secondaries market," exploring how the growth of private markets AUM has led to an increasing number of legacy funds held by institutions.
June 2024 - Montefiore Final Closings: Elm Capital announced the successful completion of its role as global placement agent for Montefiore Investment VI's €1.4 billion final closing, following the earlier closing of the complementary Montefiore Investment Expansion fund at €450 million.
The fundraising was completed in a particularly challenging market environment, underscoring the robustness of Montefiore's business model and Elm Capital's placement capabilities.
April 2024 - Fund Shack Podcast: Etienne Deshormes appeared on the Fund Shack podcast with host Ross Butler to discuss "Private equity secondaries: everything you need to know." The episode covered how the secondary market provides liquidity to an inherently illiquid sector and the development of this important market segment.
Elm Capital's experienced team combines expertise in alternative investments, capital markets, and corporate and structured finance:
Etienne Deshormes, Managing Partner & CEO: Etienne founded Elm Capital in 2004 on the principle that for each mandate, the firm becomes an integral partner with the client, sharing common goals and keeping interests fully aligned.
He has more than 25 years of experience in capital markets and corporate finance.
Previously, he spent 11 years at JP Morgan as Head of the Corporate Finance Division in Belgium and then as Managing Director of Equity Capital Markets in London.
After leaving JP Morgan, Etienne served as Managing Director at Zurich Capital Markets in London, where he was responsible for developing the firm's structured finance business in Europe.
He also founded Global CFO Ltd, an electronic information platform for investment banks and CFOs.
Etienne graduated in History and Economics at the Free University of Brussels and is fluent in French, Italian, and Spanish.
As a Registered Representative of Elm Capital USA Limited, he holds FINRA Series 7, Series 24, and Series 63 Licences.
Alberto Badino, Partner: Alberto is responsible for origination and arrangement of primary fundraising mandates and secondary market transactions for general partners.
He has over 12 years of combined corporate finance and capital markets experience.
Alberto joined Elm Capital from Probitas Partners, where he focused on origination and execution of primary fundraising mandates.
The firm's senior team provides tailored advice with senior management attention dedicated to all assignments, ensuring clients receive experienced guidance throughout every engagement.
Elm Capital has been dedicated to serving the private capital market for over 19 years, establishing itself as one of the leading placement agents in the industry.
Founded in 2004 and headquartered in London, the firm provides fundraising and advisory services to private market participants globally, offering a uniquely integrated proposition to participants in the private equity, private debt, infrastructure, and real assets markets.
With over 1,500 investor relationships and extensive experience across both primary and secondary transactions, Elm Capital operates two main business lines.
The first assists private fund sponsors, managers, and general partners with fundraising and fund liquidity solutions.
The second provides advice to private market investors on portfolio management solutions for limited partnership interests, co-investments, and direct assets.
The firm differentiates itself through a client-focused approach, maintaining a limited number of non-competing mandates with exclusive focus on private markets.
As a European placement agent with its own U.S.
Broker-Dealer (Elm Capital USA Limited), the firm maintains extensive relationships with investors across Europe and North America.
Elm Capital Associates Limited is authorised and regulated by the Financial Conduct Authority in the United Kingdom, while its U.S. entity is SEC-registered.
Since inception, Elm Capital has completed over 30 placement mandates and closed over 155 secondary transactions, building a strong reputation for advising high-quality fund sponsors and partnering with clients on an ongoing, repeat basis.
Elm Capital's service offering centers on two core advisory practices for private market participants:
GP Advisory Services:
The firm combines expertise in both fundraising and secondary markets with experience in structuring all types of transactions.
This integrated approach allows Elm Capital to provide comprehensive solutions across the capital lifecycle.
LP Advisory Services:
Elm Capital's value proposition emphasizes interest alignment, with the firm's success directly dependent on achieving client goals.
The team focuses on investor development rather than process management, with senior management providing hands-on attention on all assignments.
The firm is known for providing tailored advice and moving quickly, maintaining a client-focused approach with a limited number of non-competing mandates.
Since its founding in 2004, Elm Capital has established an impressive track record in private capital markets:
Transaction Volume:
Geographic Reach:
Broker-Dealer to provide truly global coverage.
Reputation: Elm Capital is known for advising high-quality fund sponsors and partnering with clients on an ongoing, repeat basis.
The firm's strong reputation in the market stems from its integrated expertise across both primary fundraising and secondary market transactions, allowing it to structure complex solutions for general partners and limited partners alike.
The firm's success is built on maintaining interest alignment with clients, focusing on investor development rather than process management, and providing senior-level attention across all mandates.
View our best private equity placement agents list to compare services, expertise, and market positioning across the industry.
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