Probitas Partners
Independent global alternatives placement and advisory firm connecting private-market sponsors with institutional investors.
probitaspartners.comProbitas Partners is an independent global advisory and alternatives placement firm founded in 2001. It works exclusively with private-market sponsors seeking capital from institutional investors and combines strategic advice, project management and global distribution.
The firm supports established sponsors and differentiated emerging managers across a range of private-market strategies. Its selective mandate model is designed to avoid conflicting assignments while providing coordinated investor coverage from offices in San Francisco, New York, London and Hong Kong.
Principal activities
Fundraising strategy, market assessment and institutional distribution for alternative investment managers.
Process design, materials development, due-diligence coordination and execution support.
Relationship management with private-market investors across major global regions.
- Market guidance: Advice on positioning, fundraising readiness and the structure of institutional marketing processes.
- Sponsor development: Support for established firms, emerging managers and managers extending into new strategies.
Probitas Partners operates primarily as a specialist adviser to private-market managers, sponsors and institutional investors. Its work centers on the design, positioning and execution of private-capital mandates rather than balance-sheet underwriting. View the firm’s website ↗
Investment and transaction coverage
- Private equity
- Private credit
- Infrastructure
- Real assets
- Venture and growth
- Specialist private-market strategies
- Primary fund placements
- New-manager fundraises
- Successor funds
- Strategy extensions
- Institutional capital introductions
- Customized advisory mandates
The firm’s coverage reflects the private-capital market’s division between primary fundraising, direct capital formation and liquidity-oriented transactions. The exact scope of an engagement depends on manager strategy, target investors, jurisdiction and transaction structure.
Market position
Probitas operates as a global specialist placement firm with an established institutional network and a long record across fundraising cycles. Its selective, non-conflicting mandate approach differentiates it from higher-volume distribution models.
Distinctive focus: Selective global fundraising mandates supported by integrated advisory, project-management and distribution capabilities.
Competitive context
Probitas Partners competes with independent placement agents and private-capital advisers whose mandates overlap in asset class, client segment, geography and transaction type. The most relevant peer set consists of firms that provide institutional capital-raising advice rather than general asset management, accounting or balance-sheet financing.
Probitas offers greater geographic reach and institutional scale than many regional placement boutiques. Its emphasis is narrower than diversified investment banks because it focuses on alternative-fund sponsors and placement rather than general corporate finance.
Comparable firms are selected according to overlap in business model, client segment, service coverage, geographic activity and mandate profile. Inclusion does not imply an exhaustive competitor set or an equivalence in scale, ranking or market position.
Leadership
| Person | Current position | Institutional background |
|---|---|---|
| Ray Tsao | Chief Executive Officer | Strategic direction; previously in technology investment banking at Credit Suisse |
| Haakon Gresvig | Head of EMEA | European, Middle Eastern and African leadership |
| Caryn Feinberg | Managing Director | Project and relationship management; prior investor-relations and secondary-market experience |
Chief Executive Officer Ray Tsao is responsible for the firm’s strategic direction. The senior team combines project management, relationship management, finance and regional distribution experience across the United States, Europe and Asia. View the current team ↗
Corporate and regulatory information
Probitas conducts securities activity through affiliated regulated entities. Probitas Funds Group, LLC is a FINRA and SIPC member; the group also identifies regulated operations in the United Kingdom, Hong Kong, Norway and Japan and relies on applicable exemptions in other jurisdictions.
View registered-entity details
| Group entity | Probitas Partners, L.P. |
| United States entity | Probitas Funds Group, LLC |
| Regulatory status | FINRA and SIPC member; multi-jurisdictional registrations |
| Other jurisdictions | United Kingdom, Hong Kong, Norway and Japan |
| Registration identifiers | N/A |
Principal offices
- San Francisco
- New York
- London
- Hong Kong
Rankings and recognition
Ranking inclusion is editorially determined. The existence or maintenance of a Wiki profile does not influence ranking eligibility, tier or position.
Related institutions and subjects
Sources and data transparency
The following sources were accessed on 20 August 2026:
- Probitas Partners — firm overview, founding year, operating statistics and office network.
- Solutions — advisory, project-management and distribution services.
- Team — current senior leadership and biographies.
- Advisory Ranking — 2026 ranking inclusion and tier classification.
