Simon Meads
The acquisition extends the company restructuring specialist’s reach into the growing asset-based lending arena.
Todd Arden joins to source stressed and distressed deals for the $8bn US manager, and to co-manage underwriting and credit exposures.
The US national mortgage guarantor has launched its first NPL sale of the year, stepping up the bad loan disposals that amount to more than $5 billion since mid-2014.
The London-based debt fund manager beat fundraising targets on European and US funds in the final quarter of 2015 to lift assets under management by €1bn.
Lionel Laurant joins as executive vice-president and portfolio manager in London for PIMCO’s $24bn alternative assets arm from HIG’s Bayside Capital.