Permira expands UK origination team

Permira Debt Managers has appointed Dan Hatcher as investment director to lead its UK origination efforts, the firm said in a statement.

Hatcher will source opportunities for Permira’s direct lending fund, which provides credit directly to private businesses. The new hire brings the total team size to 17.

Permira held a first close on its direct lending fund in October 2014 at around €400 million. The fund seeks to provide financing solutions for medium-sized businesses that cannot access traditional lenders or the bond market.

“PDM’s funds will seek to provide these businesses with both capital and support from the extensive Permira network to help them maximise their growth potential. Similarly, mid-market PE firms have suffered from a lack of flexibility in how debt is structured in their deals. PDM provides this market with greater choice on how to finance their investments,” Hatcher commented in a statement.

Hatcher has experience of leading the origination and execution of direct investments, following seven years in mid-market private equity with Gresham Private Equity and Palatine Private Equity. He also worked for seven years in EY’s transaction advisory services team.

Thomas Kyriakoudis, chief investment officer of Permira Debt Managers, commented: “We are delighted to welcome Dan to the team. His experience will be invaluable in our European origination network, while the strength and depth of his industry knowledge will be fundamental to the PDM funds’ work on mid-market Private Equity transactions.”