The new hire has long been an industry spokesperson.
The new offering from the service provider tackles workflows such as monitoring capital calls and cashflow forecasting.
The asset manager is also recruiting for an equivalent North America role as it looks to raise more capital from insurers.
Real dialogue between LPs and GPs, visibility on team and track record and access to information on the use of financing tools are vital, according to panelists at the European Fund Finance Symposium.
The new hire has experience spanning collateralized fund obligations to evergreens.
The division is making headway in identifying collateral and potential LP sellers.
Issuance of collateralized fund obligations and rated note feeders hit a record during the first half of this year, according to a recently released market report from PJT Partners. The adviser estimated that there were over 10 transactions with cumulative capital of more than $7.5 billion raised. PJT also noted that there is “significant demand […]
The non-bank lender will build on its sub-lines approach in entering a mature market.
The instruments bear similarities to both NAV loans and dividend recapitalizations.
Gregory Hardiman, who previously co-led 17Capital's US investment efforts, has been named managing director and head of GP-LP solutions at Crescent Capital.