ICG appoints direct lending expert as MD
ICG has appointed direct lending expert Pierre Grandjean (pictured) as managing director within ICG Senior Debt Partners, the firm’s European direct lending team.
Grandjean was previously a principal in specialty lending at Sixth Street, where he covered senior direct lending and mezzanine solutions and oversaw origination, underwriting and term negotiations for the French market and the European technology, media, and telecommunications sector.
Read more: ICG raises $2.1bn for private debt in Q1
Prior to that, he was an executive director at Goldman Sachs’ private credit arm, and before this he performed M&A and restructuring analysis at Houlihan Lokey.
In his new role at ICG, Grandjean will be based in Paris and he will report to ICG Senior Debt Partners co-head Mathieu Vigier.
“We are delighted to welcome Pierre to ICG, as we continue the buildout of our pan-European team,” said Vigier and Peter Lockhead, co-heads of ICG’s Senior Debt Partners.
Read more: ICG raises $1.9bn for North American private debt fund
“He has an accomplished background within private credit and will no doubt be an invaluable hire as we look to put to work the significant dry powder provided by our latest fundraise.”
ICG has been growing its direct lending business in recent months. In September, the firm announced the final close of the fifth vintage of its direct lending fund, with $17bn (£13.84bn/€16.49bn) raised. This made it the largest direct lending fundraise in Europe to date.
“ICG has a market-leading credit platform, whilst SDP in particular boasts a proven and differentiated investment thesis,” said Grandjean.
“On the back of its historic fifth fundraise, the team has a substantial pipeline of opportunities, which I am excited to help execute over the coming months as we continue creating value for investors.”
Read more: ICG securitises $240m HSBC capital call facility
