ICG has appointed direct lending knowledgeable Pierre Grandjean (pictured) as managing director inside ICG Senior Debt Companions, the agency’s European direct lending crew.
Grandjean was beforehand a principal in specialty lending at Sixth Road, the place he coated senior direct lending and mezzanine options and oversaw origination, underwriting and time period negotiations for the French market and the European expertise, media, and telecommunications sector.
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Previous to that, he was an government director at Goldman Sachs’ non-public credit score arm, and earlier than this he carried out M&A and restructuring evaluation at Houlihan Lokey.
In his new position at ICG, Grandjean will likely be based mostly in Paris and he’ll report back to ICG Senior Debt Companions co-head Mathieu Vigier.
“We’re delighted to welcome Pierre to ICG, as we proceed the buildout of our pan-European crew,” mentioned Vigier and Peter Lockhead, co-heads of ICG’s Senior Debt Companions.
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“He has an achieved background inside non-public credit score and can little doubt be a useful rent as we glance to place to work the numerous dry powder supplied by our newest fundraise.”
ICG has been rising its direct lending enterprise in latest months. In September, the agency introduced the remaining shut of the fifth classic of its direct lending fund, with $17bn (£13.84bn/€16.49bn) raised. This made it the biggest direct lending fundraise in Europe thus far.
“ICG has a market-leading credit score platform, while SDP specifically boasts a confirmed and differentiated funding thesis,” mentioned Grandjean.
“On the again of its historic fifth fundraise, the crew has a considerable pipeline of alternatives, which I’m excited to assist execute over the approaching months as we proceed creating worth for buyers.”
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