Alcentra makes three hires for direct lending team

The three new roles will enable Alcentra to expand its execution capabilities in France, Italy and Spain.

BNY Mellon Investment Management’s alternative credit arm, Alcentra, has made three hires to expand its direct lending team.

Joanna Layton has been hired internally and promoted to head of European direct lending portfolio monitoring. She joined Alcentra in 2005 as a senior analyst for its European liquid loans business. Before joining Alcentra, she worked in GE Commercial Finance’s leveraged finance business, structuring and executing European transactions.

She is joined by two external hires, with Sarah Madore and Maria Garcia Diego both joining as associate.

Madore was previously an associate with the financial sponsors solutions team at UniCredit in Milan, Italy. She covered private equity investors and provided finance packages to support LBOs in the Italian market. At Alcentra she will hold the role of deputy head of European credit and will focus on originating and executing Italian and French private debt investments.

Garcia Diego will focus on investments across all industries in the Spanish Market. She previously worked in the financial sponsors team at Citi, focusing on M&A and financing transactions for LBOs.

The hires bring the European direct lending team at Alcentra to 22 people with an average of nine years’ experience in the European direct lending market.

Graeme Delaney-Smith, head of European direct lending at Alcentra, said: “We are pleased to welcome Sarah, Maria and Joanna to our European Direct Lending team, as we continue to respond to increasing market demand in Europe and build out our expertise across key markets on the continent.

“In their roles, Sarah and Maria will offer bring expertise on key European markets, such as France, Italy and Spain. In her new position, Joanna will also provide vital intelligence on portfolio positioning and performance.”