Aberdeen bolsters US private equity team

Aberdeen Asset Management has promoted John Dickie as co-head of US Private Equity alongside Scott Reed and appointed Whit Matthews as senior investment manager in the US private equity team.

Both will be based in Aberdeen’s Boston offices.

The firm’s global alternatives division has currently $32bn (€28.4bn) of assets under management.

Dickie joined Aberdeen in 2015 as a senior investment manager following the firm’s acquisition of Flag, where he served as a principal focusing on middle market private equity investments.

He is a member of Aberdeen’s US investment committee. Dickie was previously a principal at Berkshire Partners, and also held analyst positions at DLJ Merchant Banking and Credit Suisse.

Matthew joins from SL Capital Partners where he was North America-based investment director focusing on both primary and secondary investments in middle market buyout funds.

Formerly, he was an investment analyst at the University of Pennsylvania Endowment allocating capital to private equity, venture capital and hedge fund opportunities.

Graham McDonald, head of Private Equity at Aberdeen, said: “It was only one year ago when Aberdeen completed its acquisition of FLAG. Since then, we have maintained exceptional momentum expanding our global alternatives platform.

“John Dickie’s promotion, Whit Matthew’s appointment, and the integration of our US, Asian and European investment operations are evidence of that.

“We have built a platform that takes the boutique capabilities of FLAG in attractive areas, such as US lower mid-market private equity and venture capital, and provides clients access to specialised, hard to access and difficult to scrutinise private equity fund managers around the world.”

McDonald added that valuations are very high at the moment in the private equity universe and believes opportunities can be found especially at the smaller end of the spectrum.

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