Equitix founding director and COO Nick Parker (pictured) has resigned from the business following 11 years at the top of the firm, Inframation has learnt.
Parker who was chiefly responsible for heading the group’s primary bidding activities stepped down from the role in early May and will formerly retire from the business at the end of 2018, it is understood.
Following Parker’s resignation, Siôn Jones has been promoted from deputy CIO to COO. While David Rose will assume responsibility for leading the group’s primary bidding activities.
Equitix was founded in 2007 by Geoff Jackson, Nick Parker and Hugh Crossley.
While at Equitix, Parker successfully led the bid teams behind the Brunswick Social Housing, North Tyne Extra Care, University of Essex, West Yorkshire Police PFI, Derbyshire and Cambridgeshire BSF and Sheffield and Birmingham Highways projects.
Prior to Equitix, Parker was development director at Skanska Infrastructure Development, where he was part of the bidding team that successfully won the GBP 1.2 bn Bart’s and Royal London Hospital PFI.
Equitix is currently in the market with a GBP 750m fundraise for its fifth infrastructure fund, Equitix Fund V.
The fund, which has a hard cap of GBP 1bn, is expected to hold a first close in the region of GBP 300m around the end of June.
In 2014 Tetragon Financial Group acquired an 85% stake in the Equitix fund manager in a deal with an enterprise value of GBP 159.5m. Over time the US investment company’s interest has declined to 75% with management owning 25%.
As of February 2018 Equitix had GBP 2.56bn in assets under management.