AlbaCore Capital Group has appointed former Goldman Sachs govt Luke Gillam as accomplice, head of senior direct lending.
Gillam (pictured) has greater than 25 years expertise in European leveraged and structured finance. He was beforehand head of EMEA credit score capital markets and co-chairman of the credit score capital market committee at Goldman Sachs.
At AlbaCore, Gillam will lead the sourcing, underwriting and execution of senior direct lending transactions and can handle the senior direct lending workforce. He’ll work alongside Invoice Ammons, a accomplice and portfolio supervisor at AlbaCore.
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“I’m delighted to develop into a part of the AlbaCore workforce and capitalise on the rising alternative set within the European senior direct lending market,” stated Gillam.
“AlbaCore’s current European platform throughout non-public and liquid credit score, robust status available in the market and deep relationships with sponsors, banks and advisors present traders with a really engaging providing.
“There continues to be an actual development alternative for senior direct lending in Europe, which is able to lead to non-public lending financing a a lot larger a part of higher mid to giant cap companies’ capital buildings.
“I’m wanting ahead to constructing a devoted senior direct lending platform for AlbaCore and develop its position as a key supplier of financing options in Europe.”
AlbaCore Capital Group specialises in non-public capital options, direct lending, opportunistic and dislocated credit score, CLOs, and structured merchandise.
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The agency stated that Gillam’s appointment will enable AlbaCore to leverage its current capabilities and supply a broader product vary focusing on particular components of corporates’ capital buildings, from senior direct lending and CLO tranches to junior capital options.
“Luke’s expertise and relationships throughout credit score markets will complement and reinforce the experience of AlbaCore’s senior funding workforce,” stated David Allen, managing accomplice and chief funding officer at AlbaCore.
“Luke joins AlbaCore at a time once we are well-positioned to capitalise on the rising alternatives within the European senior direct lending market.
“I’m excited to work alongside him as we construct upon our expertise in European senior direct lending to carry a devoted technique to market.”
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