Pemberton Asset Management has appointed Robin Challis as a portfolio manager from the Royal Bank of Scotland.
Challis spent more than a decade at RBS. His most recent role was as managing director in the bank’s special situations group. He has also worked in Hong Kong and Singapore.
Symon Drake-Brockman, managing partner at Pemberton, said: “He has a long track record, deep experience in the lending sector and an understanding of the financing needs and capital structure of companies.”
Challis said: “There is a clear opportunity in European lending and I look forward to working on new ways to access it for investors over the coming months.”
Last month, Pemberton recently closed its European mid-market direct lending fund after collecting €1.2 billion from investors. The strategy, which invests in senior debt, is seeking returns between 7 and 8 percent and is currently hitting 7.6 percent.
In September, the firm opened its UK-focused mid-market investment fund and is aiming to raise €500 million. A first close is expected before the end of the year for the vehicle which is eyeing up returns of 6.5 percent.