AlbaCore announces latest CLO
European credit firm AlbaCore Capital Group has priced AlbaCore Euro CLO VI, its sixth collateralised loan obligation, at €402.3 million. The latest vehicle grows the total value of AlbaCore’s CLO issuance to date from €2.2 billion to around €2.6 billion.
In line with AlbaCore’s previous CLOs, Euro CLO VI incorporates negative ESG screening criteria in combination with the firm’s fundamental research and risk-focused ESG considerations, including restrictions on the industry type in which the CLO can invest.
Sole arranged and placed by Jefferies, the CLO priced on 13 February 2024 with closing expected on 28 March 2024 subject to customary closing conditions.
New MD for Silver Creek
Silver Creek Capital Management
, a Seattle-based fund manager, has hired Jessica Hans as a managing director. She will be on the firm’s investment committee and real assets investment committee.
Silver Creek, launched in 1999, is expanding its private credit and real assets portfolios.
Most recently, Hans was investment director at UC Investments, working on the endowment and retirement plans of the University of California. There she managed $168 billion of assets as of 30 September 2022. She has also held positions at Blackstone Group, Credit Suisse Securities and Bain.
Silver Creek recently promoted Amy Wells to chief client officer. Wells has been with Silver Creek since 2006 as managing director. Before coming on board that year, she held positions at Washington Mutual and Deloitte & Touche.
Ely Place hires research head
Ely Place Partners, a London-based alternative assets advisory firm, has appointed Gareth Morgan as head of research.
He will lead the Prospect Private Markets business line, an LP mapping service that streamlines the fundraising process for GPs by identifying high-priority LPs and providing insights into allocation plans for clients’ strategies.
As part of his role, Morgan will also contribute to Ely Place’s GP Advisory services, providing tailored support throughout the fundraising cycle: investor relations, fundraising strategy, documentation, pre-marketing and project management.
His experience in private markets includes research and advisory roles, such as advising GPs on LP communications at Brackendale Consulting, where he supported the production of investor newsletters, market reports, blogs, ESG reports, PPMs, and investor presentations.
Join the most influential private equity event of 2024
Discover how peers are tackling fundraising, deal distribution and liquidity challenges and opportunities at NEXUS 2024.
Learn more.