Doughty Hanson CEO Marquardt to step down in January

A source close to Doughty Hanson confirmed the resignation plans for Marquardt, to take place less than five years after he was appointed CEO. According to that same source, no names have yet emerged as likely replacements for the executive.

With Marquardt at the helm, Doughty Hanson set out to restructure its activity after the sudden death of co-founder Nigel Doughty in February 2012. Having let go of its technology and real estate arms, the scaled-down firm no longer required an executive role that fit Marquardt, the source added.

Marquardt's departure will take place as Doughty Hanson seeks to revive its fundraising programme, frozen since the GP announced it would halt efforts for a €2bn sixth vehicle after two years on the road.

The decision, made public in April, came three months after the firm offered LPs in its 2004- and 2007-vintage funds the option to sell off their stakes in a bid to raise €750m towards the new vehicle; the strategy was mirrored by Palamon Capital Partners in August.

The new fundraising, to be headed by co-founder Richard Hanson in 2016, will involve a completely new structure, unquote" understands.

Marquardt is the latest Doughty Hanson executive to leave the firm. In July, partner and UK head Julian Huxtable left the GP and emerged four months later as the manager of a new London office for Milan-based investor Charme Capital Partners.

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