Thierry de Vergne has joined France’s Amundi, Europe’s largest asset manager by assets under management, as head of debt management within its dedicated real and alternative assets platform.
De Vergne was previously at Lyxor, which is owned by French bank Societe Generale, where he created the debt management business. In all he was with Societe Generale for nine years having previously worked at Indosuez Bank, including a spell as head of Indosuez Capital in New York, from 1985 to 2003.
Amundi announced its new real and alternative assets platform in September last year as a result of bringing together its real estate, private debt, private equity, infrastructure and alternative multi-management activities into an integrated business with €34 billion in assets as at 30 June 2016.
Having launched as an independent firm in April this year, Paris-based Essling Capital has hired a fund of funds team from Amundi Private Equity Funds with the aim of offering investment vehicles and specialised mandates, mainly in private equity and private debt.
The team is led by Jean-Yves Lagache and includes investment director Nizar Chayeb as well as senior investment managers Cedric Cabarrus and Sandra Saad. The team had been together for around ten years at Amundi.
Together with existing co-investment, real estate and private debt products, Essling now has 17 investment professionals managing approximately €1 billion.
The fund of funds team is expected to launch its first investment vehicle in the coming weeks.
Toronto-headquartered Northleaf Capital Partners has hired Michael Morris from H.I.G Capital as a director based in the firm’s Chicago office responsible for the origination, evaluation and monitoring of private credit investments in North America.
Morris was a principal at H.I.G Capital where he sourced, analysed and executed private debt and equity investments in mid-market companies. His activities covered direct lending, secondary loans, financial restructurings and asset purchases.
He had previously worked as an investment banking associate at Moelis & Company and in the restructuring and special situations group at Macquarie Capital.
Northleaf last year announced the $1.4 billion final closing of its debut credit fund, Northleaf Private Credit I. In July this year, it hired Robert Weiss, a former managing director at Bain Capital Credit, as a senior advisor to its private credit team.
London-based Macquarie Specialised Investment Solutions (MSIS) has appointed Steve Berry as division director of its fund finance business.
Berry will be responsible for expanding the unit’s existing credit fund financing capabilities and drive expansion of fund finance coverage in European private equity and private debt. He will report to the New York-based co-heads of the business, Pratap Dasgupta and Mike Vitelli.
Berry has worked in structured finance for nearly 20 years and joins from Investec where he was head of credit portfolio leverage.