Exclusive: CVC hire GE Capital’s Fowler

The London-based credit provider has snapped up mid-market leveraged finance expert Chris Fowler.

CVC Credit Partners have hired Chris Fowler from GE Capital’s mid-market leveraged finance team in London. Fowler started as a managing director within the private debt team on Monday. 

Fowler left his previous role last month. GE Capital announced that it had sold its European sponsor finance unit to Japanese lender SMBC on 30 June. 

Fowler, who was at GE Capital for just over 10 years, told PDI that he would be engaged in originating and structuring mid-market debt financings as well as ongoing portfolio monitoring at CVC. 

Asked why he opted for joining a debt fund rather than a traditional bank lender, Fowler said that working at GE he had a foot on both sides as a bank lender and an institutional provider of capital. He added that he wanted to participate in the increased penetration of the market by new lenders and innovative structures like unitranche financing. 

Fowler will be based in London and will report to Neale Broadhead, managing director and portfolio manager. Before joining GE Capital, Fowler worked with Morgan Stanley in both its investment banking and venture capital divisions. 

“I am delighted that Chris has joined us at such an exciting time as we continue to exploit the expanding mid-market opportunity set across Europe. His extensive experience in the leveraged finance world will provide us with valuable relationships and expertise further boosting our growing mid-market platform,” said Broadhead.

CVC Credit Partners is currently in the market with its first direct lending fund which has a €600 million target as well as a $750 million global special situations fund, as PDI previously reported.

The London-headquartered credit arm of private equity firm CVC Capital Partners had $12 billion in assets under management at the end of 2014.