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The firm has surpassed its £750m target for its real estate debt lending strategy after raising almost £150m following the UK’s vote for Brexit.

THL Credit has continued to increase its exposure to first lien debt as it avoids exposing itself to higher risk assets to maintain a dividend level of $0.34 cents a share.

Deborah Malka arrives as a director from CPPIB, where she previously worked with founder David Allen. Venu Thirunamachandran joins ex-Renshaw Bay colleague Joe Novarro as a board director.

Peter Coates has stepped down as CEO after two years at the firm, as it looks to concentrate resources on its secured lending fund.

The firm originated $138m in loans across the last quarter with more than half first lien debt financings and around a third second lien.

The fund targets investments in the European mid-market and is so far achieving returns of 7.6% - in line with the firm’s overall target for the fund.

The firm has been able to tap into opportunities post-Brexit, but executives on the Q3 earnings call said it’s time to be defensive and avoid mediocre investments.

Jens Martin Jensen was formerly CEO at shipping company Frontline and will lead the firm’s push to focus on opportunities within the industry.

Alteri Investors, a joint venture with Apollo, is attempting to capture the increasing opportunities in the European retail market with its latest senior hires.

The MPL, backed by Rocket Internet and Kreos Capital, provides finance to SMEs through its online platform and is already active in the Netherlands, Spain and Australia.