Wednesday, 29 March 2017
Last updated 55 min ago
Mar 20 2017 | 9:05pm ET
Close on the heels of raising €4.3 billion for its European direct lending strategy, alternative fixed income specialist Alcentra has strengthened its global structured credit team with a promotion and a new hire.
Hiram Hamilton, global head of structured credit, will be re-locating to the firm’s New York office in April of this year, and former Omega Advisors executive Brandon Chao has joined the firm as a senior vice president also in New York.
Hamilton joined Alcentra in 2008, and has been working out of the firm’s London office, managing a business platform of over $4 billion in assets under management. Prior to joining Alcentra, he was executive director and head of the European CDO group at Morgan Stanley.
Chao was employed at Omega Advisors for five years, where he was a senior analyst for structured products and corporate credit. He was part of a team of four investment professionals managing a credit portfolio of approximately $1 billion, and had a particular focus on CLO mezzanine and equity investing. Prior to Omega, Chao worked at King Street Capital Management as a trader for six years, focusing on corporate and structured credit.
Alcentra’s structured credit strategies platform include dedicated capital for each of CLO equity, mezzanine and investment grade debt, and vehicles include open and closed end funds, and separately managed accounts.
"We are excited about enhancing our dedicated resources for structured credit investing,” said David Forbes-Nixon, CEO of Alcentra, in the statement. “Our expertise and capabilities in structured credit are a natural extension of Alcentra's position as a leading global loan and CLO manager."
“Expanding our structured credit presence in the U.S. is a natural next step for a business that already invests in CLOs globally with substantial U.S. assets,” added Hamilton. “We are excited about the experience and skills Brandon brings to our structured credit team.”
A unit of BNY Mellon Investment Management, Alcentra Group is a global asset management firm with assets under management of approximately $31 billion. It is considered to be one of the largest managers of private debt in Europe, with strategies including senior loans, high yield bonds, direct lending, structured credit, distressed debt, and multi-strategy credit.