First Avenue snags Carlyle principal – exclusive

Collis Klarberg will join the placement agent and advisory’s New York office. 

First Avenue has hired Collis Klarberg, previously at The Carlyle Group, as a director focusing on fundraising in the north-eastern US and eastern Canada, the company said on Tuesday.

Klarberg will be working out of the in the London-based global placement agent and investment advisory’s New York office, according to a statement.

As principal at Carlyle, Klarberg worked for that firm’s global credit team, raising capital for private credit vehicles and hedge funds. Previously, he had been executive director at JPMorgan, also focusing on credit strategies. Klarberg also spent time at Bear Sterns and the wealth management firm Algonquin Advisors.

“We expect Collis to have a material impact on our credit capabilities and lend support to our growing roster of managers,” Jess Larsen, partner and head of Americas at First Avenue, said in the statement. “The addition of Collis represents the final piece in the expansion of our US distribution team.”

Klarberg’s hire comes on the heels of the firm’s addition of Fabiana Andrade, formerly  of Credit Suisse, and Andy Hayes, at Oregon State Treasury, to the new office in Texas that opened this month, as Private Debt Investor reported.

Klarberg’s hire comes on the heels of several staff changes at the firm recently, including the exit of First Avenue’s global head of credit Ben Schryber to join the Carlyle Group.

And in November, the firm brought on board Jess Larsen, who was previously global head of sales at Highland Capital Management, to serve as a partner and head of Americas and Dan Rudgers, formerly of advisory group Lazard Frères & Co., who also will work on the firm’s business in the north-eastern US and eastern Canada.

First Avenue is a global placement and advisory agent focused on private funds and private companies. The firm helped close Crescent Capital’s $4.6 billion mezzanine fund January. First Avenue last fall also helped raise the Freeport First Lien Loan Fund III, which closed with $518 million in commitments.