Pemberton appointed Thomas Doyle to lead a new net asset value financing strategy. Doyle has more than 25 years of experience in the banking and private debt sectors.
Pemberton, an alternative credit specialist, formed a strategic partnership with iCapital to expand its wealth management solutions initiative.
Driven by consolidation and regulation in the banking sector, rising private equity activity, demand from mid-size enterprises and investors seeking alternatives to low-yielding public debt instruments, direct lenders have enjoyed strong growth since the global financial crisis. Symon Drake-Brockman uses the findings of the European Direct Lending – Review and Outlook Report by Saïd Business School, Oxford University, published in February 2021, and his own perspective to explain why these tailwinds are likely to persist.
Pemberton, a European private credit manager, hired Sanford (Sandy) Ewing as a new managing director for the firm’s business development team. Ewing will support Pemberton’s international expansion and joined the company to cover the North American region.
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.
Pemberton appointed Graeme Dell to the role of chief operating officer. Dell joined Pemberton on July 1 and has more than 30 years of financial services experience in private equity, asset management, equities brokering and investment banking.
According to a jointly published report from Pemberton, a European private debt manager, and the Saïd Business School of the University of Oxford, total assets under management of private debt funds globally increased from $275 billion in 2009 to $887 billion in 2020.
As the U.S. institutional investment market continues to grapple with the economic impact of the ongoing COVID-19 pandemic, Symon Drake-Brockman of Pemberton argues that looking to the direct lending market in Europe could be a solution.