UK-headquartered mid-market lender Pemberton has appointed Eric Capp as a partner.
Capp joins the asset manager from Royal Bank of Scotland, where he headed up the firm’s debt syndicate, leveraged finance and high yield team. Capp joined the bank in 2007 after spending a decade at JP Morgan, where he spent time leading the firm’s European high yield markets team.
In his latest role at Pemberton, Capp will be responsible for originating loans across all of the firm’s investment strategies. Furthermore, he will focus on deepening the firm’s relationships with London-based banks and private equity firms.
Thomas Duetoft, head of origination at Pemberton, said: “As we seek to constantly improve and increase our on-the-ground partnerships with private equity firms and banks, Capp’s proven ability to build long-term relationships with financial institutions will accelerate our efforts.”
Capp said: “Private debt is a key pillar in the ongoing development of the European capital markets. I am excited to join Pemberton as it actively seeks to provide innovative financing solutions for corporates and private equity firms in Europe.”
Capp follows Thomas Lack to the firm, who joined in March as chief operating officer.
Pemberton manages both a mid-market European debt fund, which raised €1.2 billion last year on final close and is in the market with its sterling-focused fund targeting £500 million in commitments. In March, Strathclyde Pension Fund allocated £40 million to the sterling fund.