Alcentra reshuffles European leadership as Delaney-Smith announces retirement

Peter Glaser will take over the European direct lending team, supported by two senior hires.

Alcentra has announced a shakeup in its leadership team as its head of European direct lending, Graeme Delaney-Smith, retires after 16 years at the firm.

The BNY Mellon Investment Management-owned private debt fund manager has appointed Peter Glaser to replace Delaney-Smith. Glaser was previously co-head of the team and will now take full responsibility for managing its growth strategy and overseeing its day-to-day operations. He will continue in his role as portfolio manager for Alcentra’s European direct lending business and will sit on both European and US direct lending investment committees.

Alcentra’s chief executive, David Forbes-Nixon, said: “We thank Graeme Delaney-Smith for his important contribution to Alcentra over the past 16 years, especially in helping to grow our European direct lending franchise and wish him the very best.

“Alcentra is one of the largest players in European private debt markets, with a strong origination and execution track record which has enabled us to grow significantly in direct lending. Peter’s career spans more than three decades, with a deep understanding of the direct lending market, which makes him extremely well placed to drive the next phase for the EDL team.”

Alcentra said there will be a six-month transition period leading up to Delaney-Smith’s retirement. It has also made two senior hires to further support the growth of European direct lending.

Howard Sharp will join as a managing director and head of origination in July 2020 from Park Square where he is currently head of mid-market direct lending. Before joining Park Square in 2016 he spent five years at GE Capital as head of leveraged capital markets and head of origination and sponsor coverage. He also spent eight years at RBS at deputy head of leveraged capital markets.

Paul Hollis joins the team in February from Fosun as a managing director focused on origination and execution. Prior to joining Fosun in 2017, Hollis spent a decade as co-head of European origination and acquisition finance at Lloyds Bank. Both Hollis and Sharp will report to Glaser.