Chenavari Adds Private Equity Firm's Team

Feb 26 2013 | 1:04pm ET

Hedge fund Chenavari Investment Managers has taken the three founders of private equity firm Palio Capital Partners on board.

Mike Henebery, Jerry Wilson and Darren Gibson have all joined London-based Chenvari, led by Loïc Fery. Palio, which had been planning to list its flagship fund, will close.

Henebery, Wilson and Gibson, who founded Palio in 2010, are also not bringing the firm's funds with them.

"We have searched exhaustively for the right way to launch Palio's SME lending model with the emphasis on maximizing our financial firepower to support U.K. SMEs," Henebery, who served as Palio's CEO, said. "Chenavari share our vision for the potential to further develop a substantial business in this mid-market direct-lending space."

"Hiring Mike, Jerry and Darren, whom we consider to be some of the best professionals in the U.K. mid-market space, was a logical and complementary step in the continuation of our existing activities in European direct lending," Fery said.


In Depth

Bob Doll's Ten Market Predictions For 2016

Jan 7 2016 | 9:37pm ET

Well-known market strategist Robert Doll has published his annual list of ten predictions...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...