The appointment of Adrian Grammerstorf from UniCredit continues the firm’s private debt push into Europe, where it has established bases in Germany and France.
Key-man clauses were not triggered in the firm’s funds, even though Williams had been in Fund II’s provision.
Edward O’Byrne joined to lead the firm’s new investment group.
The firm has tapped a CPPIB veteran to lead that effort who previously worked with Sagard CIO Adam Vigna.
While 2018 was a solid year for private debt managers, the year is ending on a rockier note than it started, leaving question marks in 2019 for credit shops surrounding their portfolios.
The combined vehicle will trade on the New York Stock Exchange under the ticker FSK and is now the second largest publicly-traded BDC.
No fundraising target for a debut fund has been set yet, but it will be in the billions of dollars.
The Chicago-based firm is in the midst of raising a fund that has already met its $2bn target.
The fund manager has hired Eimear Palmer as responsible investing officer from Carlyle Group.
Robert Stark, the new senior managing director, will be responsible for helping develop and execute the firm’s strategy.