Northern Trust’s Private Equity Group is focused on providing comprehensive private equity solutions to its investors. Since 2001, the group has managed multi-manager solutions and separate accounts for wealthy families and institutions. Leveraging the Northern Trust platform, we strive to deliver attractive risk-adjusted returns.
Private Equity Sectors
The private equity asset class encompasses several different sectors that have different risk/return characteristics.
Leveraged Buyout: We target funds in both the U.S. and Europe that are under $1 billion in assets and focused on the lower-middle market. These funds tend to have lower dependence on financial leverage and more focus on operational improvements. We believe smaller funds managed by proven investors can provide the best opportunity for outperformance.
We also opportunistically invest with distressed debt managers looking to ultimately take control of their businesses and create significant operational improvements.
Venture Capital: We look to invest in funds focused on information technology, life sciences and to a limited extent clean technology. Investments are predominately in the U.S., with a small portion in emerging countries such as China and India.
Secondaries: The Private Equity Group selectively buys existing limited partner interests in private equity funds. Secondary investments may mitigate the J-curve and provide quicker return of capital. Secondary transactions are executed in both leveraged buyout and venture capital funds.
Bradley M. Dorchinecz
Bradley M. Dorchinecz is a Senior Vice President and the Director of the Private Equity Group for 50 South Capital, a group he co-founded. Mr. Dorchinecz oversees all aspects of the investment process for primary, secondary and direct co-investments. This includes sourcing, and analyzing venture capital and buyout investment opportunities in the United States, Europe and Asia. He is responsible for fundraising, asset allocation and portfolio management activities for the Private Equity Group. He has made and overseen commitments to over 90 venture capital and buyout funds and 15 secondary investments. Mr. Dorchinecz also is a voting member of Northern Trust’s Investment Policy Committee. He was previously an investment professional at Mercantile Capital Partners, a venture capital and growth equity fund located in Northbrook, Illinois. Prior to Mercantile, he spent five years at Heller Financial, a middle-market commercial finance company which was later acquired by General Electric. At Heller, he was an Assistant Vice President in the Corporate Finance Group and Heller Business Credit. He worked with Bob Morgan while at Heller.
Mr. Dorchinecz is a member of the Advisory Boards for Trinity Ventures, Cowboy Ventures, Aleph Ventures, Tower Arch Capital, Endless, and Sterling Partners. He speaks frequently at industry conferences, including Super Return, Venture Capital Journal's Venture Alpha, the British Venture Capital Association’s Venture Forum, the Association for Corporate Growth Conference, and the European Venture Capital Association Middle Market Buyout Forum.
Mr. Dorchinecz graduated with High Honors from the University of Illinois in Urbana-Champaign with a degree in finance and received his MBA with Honors from the University of Chicago’s Booth School of Business.
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