John Bakie
The fund has well over 100 investors and could lend up to €10bn with leverage.
The new fund could lend up to £300m to UK small businesses.
Deal activity has been driven by increased interest in continental Europe.
The sale and refinancing of Cuki means Pillarstone made a full recovery.
The number of deals being done in Europe has declined from last year’s high.
The asset manager has beaten its initial target for its first venture into European mid-market lending.
Private credit is the most popular destination for new allocations.
The three new roles will enable Alcentra to expand its execution capabilities in France, Italy and Spain.
Sovereign funds are making big investments in private debt.
The hires are the first of several planned this year to grow the credit opportunities effort in Europe.