Pemberton AM expands in North America with new hires and NY office
Pemberton Asset Management has expanded its business in North America with a series of senior appointments and the opening of a New York office.
The London-headquartered alternative asset manager said the expansion is in response to increasing demand from US and Canadian institutional investors seeking access to European mid-market opportunities.
Pemberton has hired Daniel Oudiz as managing director for NAV financing and GP solutions.
Read more: Pemberton AM raises €8.4bn for direct lending strategies
He has over 18 years of experience in structured finance and capital markets, having held roles at Houlihan Lokey, Deutsche Bank and Goldman Sachs.
Philip Edwards has been appointed as senior advisor for NAV financing and GP solutions. He has over 20 years of experience advising private equity clients, most recently leading middle-market sponsosr coverage at Jefferies.
Pemberton has named Grant Dechert as director, business development, client group. He joins from BlackRock, where he spent nearly a decade managing institutional client relationships and growing the firm’s alternatives pipeline.
Read more: Pemberton AM names head of European origination for GP and NAV financing
David Canale has been appointed as head of Canada, business development, client group. He has over a decade of expertise in private markets, having previously held the role of senior vice president and co-head of private capital formation at Further Capital Partners.
The team will operate out of Pemberton’s New York office.
“Expanding our North American operations through strategic senior hires and the establishment of a New York office is a natural next step and deepens our ability to serve clients and sponsors in the region,” said Symon Drake-Brockman, co-founder and managing partner at Pemberton.
“It also aligns with the growing appetite we’re seeing from investors looking to partner with a European private credit specialist.”
Read more: European direct lending market has benefits over US
US policy uncertainty amid a global trade war has prompted many of the country’s investors to look to Europe for opportunities.
Pemberton recently released a report, in partnership with the University of Oxford’s Saïd Business School, which highlighted the stratospheric growth of European direct lending.
The market reached a record AUM of $380bn (£280bn) in June 2024, more than 70 per cent higher than the pre-pandemic average.
