Independent firm with strong credentials, deep investor insight and a tailored approach to clients’ needs.
Elm Capital has been dedicated to serving the private capital market for over 19 years. With over 1,500 investor relationships and extensive experience across both primary and secondary transactions, Elm Capital offers a uniquely integrated proposition to participants in the private equity, private debt, infrastructure and real assets markets.
Elm Capital, founded in 2004 and based in London, provides fundraising and advisory services to private market participants globally.
Elm Capital’s two main businesses are:
- to assist private fund sponsors, managers and general partners with fundraising and fund liquidity solutions; and
- to provide advice to private market investors on portfolio management solutions for limited partnership interests, co-investments and direct assets.
Elm Capital Value Proposition
CLIENT FOCUSED
Limited number of non-competing mandates / Exclusive focus on private markets.
WIDE EXPERTISE
Combine expertise in both fundraising and secondary markets / Experience in structuring all types of transactions.
GLOBAL COVERAGE
Extensive relationships with investors in Europe and North America / European placement agent with own U.S. Broker-Dealer.
STRONG REPUTATION
Known for advising high-quality fund sponsors / Partner with clients on an ongoing, repeat basis.
INTEREST ALIGNMENT
Our success depends on achieving client goals / Focus on investor development vs process management.
SENIOR TEAM
Provides tailored advice and moves quickly / Senior management attention on all assignments.
TEAM
Our people are the core of our business
Elm Capital consists of an experienced, diverse and knowledgeable team. Our team members combine expertise in alternative investments, capital markets, and corporate and structured finance. We have a mix of bulge-bracket and independent firm backgrounds with wide relationships across industries.
READElm Capital in Numbers
NEWS
PEI Secondaries Investor – Creating a legacy in the tail-end secondaries market
As private markets AUM continues to grow at a clip, so too does the number of legacy funds held onto by institutions. Hollyport’s John Carter and Elm Capital’s Etienne Deshormes join Madeleine Farman in the latest edition of Second Thoughts.
ReadMontefiore Investment announces final closings at the hard cap for Montefiore Investment VI and Montefiore Investment Expansion
Montefiore Investment, the French specialist in investments in small and mid-sized service companies in Europe, announces the closing of Montefiore Investment VI for €1.4 billion, reaching its hard cap, following the closing of its complementary fund, Montefiore Investment Expansion, at its hard cap of €450 million in September 2023. This fundraising, carried out in a particularly challenging market environment, underlines the robustness and attractiveness of Montefiore Investment’s business model.
Elm Capital acted as the global placement agent for Montefiore Investment VI and for Montefiore Investment Expansion.
Fund Shack: Private equity secondaries: everything you need to know, with Etienne Deshormes
In this engaging episode of the Fund Shack podcast, Ross Butler interviews Etienne Deshormes, CEO of Elm Capital, to delve into the intricacies of the private equity secondary market. Elm Capital, founded in 2004 by Etienne after his career in investment banking at JP Morgan, specializes in providing liquidity to private market investors.
Private Equity Secondaries: Etienne Deshormes explains how the secondary market provides liquidity to an inherently illiquid sector. He outlines the development of the market from its early days in the 2000s when it was discreet and associated with distress sales, to its current, more accepted status.
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