AlbaCore hires Goldman Sachs veteran as head of senior direct lending
AlbaCore Capital Group has appointed former Goldman Sachs executive Luke Gillam as partner, head of senior direct lending.
Gillam (pictured) has more than 25 years experience in European leveraged and structured finance. He was previously head of EMEA credit capital markets and co-chairman of the credit capital market committee at Goldman Sachs.
At AlbaCore, Gillam will lead the sourcing, underwriting and execution of senior direct lending transactions and will manage the senior direct lending team. He will work alongside Bill Ammons, a partner and portfolio manager at AlbaCore.
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“I am delighted to become part of the AlbaCore team and capitalise on the growing opportunity set in the European senior direct lending market,” said Gillam.
“AlbaCore’s existing European platform across private and liquid credit, strong reputation in the market and deep relationships with sponsors, banks and advisors provide investors with a very attractive offering.
“There continues to be a real growth opportunity for senior direct lending in Europe, which will result in private lending financing a much bigger part of upper mid to large cap businesses’ capital structures.
“I am looking forward to building a dedicated senior direct lending platform for AlbaCore and grow its role as a key provider of financing solutions in Europe.”
AlbaCore Capital Group specialises in private capital solutions, direct lending, opportunistic and dislocated credit, CLOs, and structured products.
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The firm said that Gillam’s appointment will allow AlbaCore to leverage its existing capabilities and provide a broader product range targeting specific parts of corporates’ capital structures, from senior direct lending and CLO tranches to junior capital solutions.
“Luke’s experience and relationships across credit markets will complement and reinforce the expertise of AlbaCore’s senior investment team,” said David Allen, managing partner and chief investment officer at AlbaCore.
“Luke joins AlbaCore at a time when we are well-positioned to capitalise on the growing opportunities in the European senior direct lending market.
“I’m excited to work alongside him as we build upon our experience in European senior direct lending to bring a dedicated strategy to market.”
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