‍How to Thrive in Asia and Beyond

This morning, Private Equity International broke the news that a group of former executives from Eaton Partners had reunited to form Thrive Alternatives, a tech-enabled GP advisory firm. It is led by co-chiefs Gianluca d’Angelo, who formerly served as Eaton’s EMEA head in London, and Jackson Chan, former co-head of Asia and head of Asia distribution.

Thrive’s launch is noteworthy for several reasons – not least because of its scale. The firm, which formally launches today, already employs more than 20 staff across eight countries, making it larger than the advisory teams of some global investment banks. Thrive’s size is made more impressive by the timing and location of its launch. Six of its eight markets are in Asia, a region that has seen many placement agents opting to move in-house to GPs during the pandemic.

What also caught our eye was the “proprietary software” it will use to make the placement process more efficient. While the two co-chiefs were coy about precisely how the technology will work, the advisory industry seems ripe for disruption. PEI’s October cover story will be looking at how the placement agent business are attempting to cope with a deluge of client requests during the pandemic, and the ways in which advisors are adapting to a tougher fundraising environment. Keep an eye out for that in the magazine, out tomorrow.

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Read More:  Side Letter: Meet Thrive Alts

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