Investment process

Our differentiated investment process leverages our large, experienced team and strong industry relationships, and includes:

  • rigorous mapping of target markets
  • a systematic approach to accessing leading investment opportunities
  • portfolio construction and investment selection informed by research
  • applying experience to fund and secondary investments
  • conviction-led decision making from an experienced investment committee

    Europe West, East & Central

    Map of Europe West, East & Central

    Nordics

    Graeme Gunn

    Nordics

    Gail Richardson

    Benelux

    Richard Chapman

    Benelux

    Simon Tyszko

    UK & Ireland

    Merrick McKay

    UK & Ireland

    Mark Nicolson

    CEE

    Roger Pim

    North America & Canada

    Map of North America & Canada

    Canada

    New York

    South

    Midwest

    New England

    Mid Atlantic

    Mountain West

    Mountain West

    Mid Atlantic

    John Cancellieri

    Investment Director

    Email:

    John is based in the Boston office and joined SL Capital in 2008. He is responsible for primary fund investments, secondary investments and co-investments. Prior to joining SL Capital, John spent six years at General Electric, which included global assignments with the company’s Financial Management Program and Corporate Audit Staff. He has a BSc in Analytical Finance from Wake Forest University and received his MBA (Hons) from Boston College. He is also a CFA charterholder and is a member of The Boston Security Analysts Society.

    Eric Albertson

    Senior Investment Director

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    Eric is based in the Boston office and joined SL Capital in 2008. He is responsible for primary fund investments, secondary investments and co-investments. Prior to joining SL Capital, he spent 8 years at Bank of America Capital Advisors focusing on private equity fund investing. Eric has a BS in Business from Indiana University and an MBA from The University of Chicago Graduate School of Business. He is also a CFA charterholder and a Certified Public Accountant.

    Whit Matthews

    Investment Director

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    Whit is based in the Boston office and joined SL Capital in 2009. He is responsible for primary fund investments, secondary investments and co-investments. Before joining SL Capital, Whit was an Investment Associate at the University of Pennsylvania’s Office of Investments focusing on private equity and absolute returns strategies. He has a BA in Economics from the University of Pennsylvania and an MBA from the Villanova University School of Business. He holds the Chartered Alternative Investment Analyst designation.

    Graeme Gunn

    Head of Investment Monitoring

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    Graeme is based in the Edinburgh office and joined SL Capital in 1999. He is responsible for primary fund investments, secondary transactions and co-investments. He has particular focus on the Nordic markets and serves as an advisory board member on a number of leading European private equity funds. Graeme is also point on a portfolio of direct co-investments and has experience in a number of sectors including oil and gas, healthcare and logistics. His other responsibilities include the development of the SL Capital PR and communications strategy. Prior to joining SL Capital, Graeme worked at Dunedin Capital, a UK based buyout fund and at PriceWaterhouse in corporate finance. A qualified Chartered Accountant, Graeme has an MSc (Hons) in Mechanical Engineering from the University of Edinburgh.

    Gail Richardson

    Investment Manager

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    Gail is based in the Edinburgh office and joined SL Capital in 2012. She has involvement in all aspects of primary fund investments and co-investments, and has a particular focus on secondaries. Gail also has responsibility for sourcing and evaluating investment opportunities in the UK and Nordic regions. Prior to joining SL Capital, Gail worked in corporate finance at Quayle Munro. Gail has a MA (Hons) in Economics from the University of St Andrews.

    Richard Chapman

    Investment Director

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    Richard is based in the Edinburgh office and joined SL Capital in 2007. He is responsible for primary fund investment, secondary investments and co-investments. Richard has a particular focus on the European turnaround market, as well as the Italian and Benelux buyout markets. He is also involved in the management of SL Capital's listed vehicle, SLPET. Prior to joining SL Capital Richard worked for the corporate finance team of Noble Group as an advisor on M&A transactions in the financial and oil & gas sectors. He has an MA (joint hons) in Management and Psychology from the University of St Andrews and the Corporate Finance Diploma from ICAEW.

    Simon Tyszko

    Investment Manager

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    Simon is based in the Edinburgh office and joined SL Capital in 2014. He is focused on primary fund investments, secondary investments and co-investments. Simon has six years of financial services experience and, prior to joining SL Capital, worked for RBS in their Restructuring department focusing on the turnaround of SME’s and Corporates. Simon also has a 1st class M.Eng in Aeronautical Engineering from the University of Glasgow.

    Merrick McKay

    Head of Co-investments

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    Merrick joined SL Capital in 2014 and is based in the Edinburgh office. He is Head of SL Capital’s co-investment activities and is also responsible for primary and secondary fund investments. Merrick has additional responsibility of managing relationships with SL Capital’s Australian clients. An Australian, Merrick has almost 25 years’ experience in the European private equity industry. Prior to joining SL Capital, Merrick was Head of European Investments and Senior Partner of Macquarie’s Private Markets division. Previous roles include 13 years as a Partner and Investment Committee member of Primary Capital (the London-based, mid-market private equity firm) where he was responsible for leading, originating and managing numerous private equity investments in the UK. Merrick holds Bachelor of Commerce and Bachelor of Laws degrees from the University of Queensland.

    Mark Nicolson

    Head of Primary Investment

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    Mark is based in the Edinburgh office and joined SL Capital in 2007. He is responsible for making primary investments, secondary investments and co-investments as well as having overall responsibility for SL Capital’s primary investment business. Prior to joining SL Capital, Mark spent seven years working as a lead adviser in the corporate finance teams of Ernst & Young and KPMG, focusing principally on buyouts. Mark is a Chartered Accountant and has a BA (Joint Hons) degree in Accounting and Economics from the University of Strathclyde. Mark is also a Fellow of the Chartered Institute for Securities & Investment.

    Cameron Graham

    Investment Director

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    Cameron is based in the Edinburgh office and joined SL Capital in 2008. He has involvement in all aspects of primary fund investments, co-investments and has a particular focus on the secondary market. As a French speaker, Cameron has specific responsibility for sourcing, screening and evaluating investment opportunities in the French market. Before joining SL Capital, Cameron worked at Ernst & Young in their Financial Services Advisory practice. He has a BSc (Hons) degree in Management with French from the University of St Andrews.

    Patrick Knechtli

    Head of Secondaries

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    Patrick is based in the Edinburgh office and joined SL Capital in 2009. He is responsible for the firm's secondary investment activities. He also participates in primary fund investments and co-investments. Prior to joining SL Capital, Patrick spent eight years at Coller Capital in London, where he worked on numerous secondary portfolio transactions. His early career consisted of seven years in investment banking, first at Baring Brothers and then at ABN Amro Corporate Finance. Patrick has a MA (Hons) in Modern Languages from the University of Exeter and is fluent in French and Spanish.

    Hilde Nilsen

    Investment Analyst

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    Hilde is based in the Edinburgh office and joined SL Capital in 2014 from Durham University where she completed an MSc in Economics and Finance. She also holds a Bachelor of Business Administration degree from BI Norwegian Business School.

    Roger Pim

    Deputy Head of SL Capital

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    Roger is based in the Edinburgh office and supports Peter with the leadership of SL Capital Partners, the private equity and infrastructure arm of Standard Life Investments. Roger is responsible for SL Capital's listed vehicle, Standard Life Private Equity Trust, and leads SL Capital’s fundraising and investor relations team. He is also responsible for the people management and personal development within the wider SL Capital team. Roger is a member of the investment committee and serves as an advisory board member on a number of leading European private equity funds. Prior to joining SL Capital in 2002, Roger worked for Goldman Sachs in London in their corporate finance team where he focused on private equity transactions. Roger has a MA (Hons) in Economics from the University of Cambridge and a MBA from the University of Edinburgh.

    Peter McKellar

    Head of SL Capital

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    Peter leads SL Capital Partners, which is the private equity and infrastructure equity arm of Standard Life Investments. He is also Head of Private Markets Solutions for Standard Life Investments. Peter is based in the Edinburgh office and has specific responsibility for SL Capital Partners’ investment function, corporate strategy and governance. Peter joined Standard Life Investments in 1999. Starting his career in investment banking at JP Morgan in 1987 and working in corporate finance, Peter moved into industry in 1995 as Corporate Development Director and then Group Finance Director of Clydeport plc, a London listed company and former Montagu buyout. He has a LLB (Hons) degree in Law from The University of Edinburgh.

    Kano Takebayashi

    Investment Analyst

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    Kano is based in the Edinburgh office and joined SL Capital in 2014. Prior to joining, Kano worked at PricewaterhouseCoopers in their Advisory practice. She holds a BSc (Hons) in Biomedical Science from the University of Warwick.

We adopt a top-down and bottom-up philosophy, including detailed market mapping and investment origination, which divides Europe and North America. We then allocate resources to each country/region, seeking to uncover investment opportunities across Private Market strategies. This process has two components.

  • 1. Review macro-economic, political and structural factors, as well as the Private Markets environment in each country or region.
  • 2. Regularly meet all credible managers, intermediaries and vendors, identifying those with the potential to provide access to high performance.

As a result, we establish strong relationships, often ahead of an investment opportunity, and undertake detailed peer reviews for each potential investment. We also maintain a forward buy list of funds, generate co-investment, target secondary deals, strategic credit or infrastructure opportunities to create model portfolios and deal flow.