Pemberton, a European private credit manager backed by Legal & General Group, launched Pemberton Wealth & Asset Management Solutions. This new initiative is aimed at providing access to private debt opportunities in Europe to wealth and asset managers and their clients.
Star Mountain Capital, a specialized investment manager focused on investing in private small- and medium-sized businesses, hired Bob Shettle as a managing director. Shettle has 30 years of experience investing senior debt, junior debt and private equity and making lower middle-market fund investments.
U.S. Bank entered into a definitive agreement to purchase PFM Asset Management under its subsidiary, U.S. Bancorp Asset Management. PFM Asset Management will continue to operate as a separate entity. The agreement was signed on July 7 and is expected to close in Q4/21.
Jeffrey Stammen joined Antares Capital, a private debt credit manager with more than $30 billion of capital under management and administration, as managing director and head of investor coverage in asset management.
Wells Fargo named Julie Caperton head of its private bank, which is a division of its wealth and investment management (WIM) business. This role will be in addition to Caperton’s current position as head of the banking, lending and trust center of excellence for WIM.
Horizon Technology Finance Management, a registered investment advisor that underwrites and manages secured loans, made several promotions and new hires, including elevating John C. Bombara, Daniel S. Devorsetz and Daniel R. Trolio to executive vice president roles.
Panagram Structured Asset Management, an Eldridge business and an SEC-registered investment adviser specializing in structured credit, officially launched. Panagram currently oversees approximately $13.5 billion in assets under management.
Apollo Global Management and its entities, clients and funds managed by its affiliates committed to invest up to $500 million in senior secured credit facilities originated by Victory Park Capital, a global investment firm with a track record in asset-backed credit origination.
sticky.io, an e-commerce platform provider for subscription management and recurring billing, closed a $90 million material capital transaction with Goldman Sachs Asset Management’s private credit business.
H.I.G. Capital, a global alternative investment firm with $44 billion of equity capital under management, provided an investment to Cleo Communications, a global provider of ecosystem integration software solutions. Terms were not disclosed.