John Bakie
Sovereign funds are making big investments in private debt.
The hires are the first of several planned this year to grow the credit opportunities effort in Europe.
Sovereign wealth managers are exhibiting strong demand for private credit due to their ability to tolerate illiquidity and take a long-term view.
The appointment of Anderson will bring 20 years of credit and investor relations experience to the fund manager’s team.
The package of Northern-Italian loans was acquired following a digital due diligence process.
The partnership will see CODE originate SME loans for BNP Paribas Asset Management and expand into Europe.
The new role will look to develop a broader global investor base to support Pemberton’s ambitious growth strategy.
Why has private debt so far failed to mine the rich seam of non-sponsored deal opportunities?
As investor allocations increasingly come from fixed income pools, YIELCO thinks providing yield will become a bigger focus for funds.
A lack of financing in Europe will present opportunities, GBFC’s CEO says.