John Bakie
The fund will focus on opportunistic investments in firms in the business services, industrial technology and healthcare sectors.
In a fast-growing market, private debt managers will need to scale up or "be consolidated out"
A more challenging year on the road has seen a shake-up in our ranking of the biggest private debt fundraisers with big success stories and some disappointments.
Deal volumes declined slightly from highs seen in Q2 but strong deal activity is expected for the rest of the year.
The past year has seen a major transformation of the private debt industry, shaped as much by world events as it has been by firms.
The UK government wants to beef up its pensions sector to compete with the biggest players from the US and Australia.
The fund will continue the firm’s specialist focus on lending to B2B services and software companies.
Limited partners are playing it safe as the most secure part of the capital structure claims a greater share of fundraising.
Gillam joins the firm from Goldman Sachs and will be responsible for growing its capabilities in senior direct lending.
Transaction volumes reach their highest level in Europe despite terms becoming more conservative.