Capital Dynamics, a private asset manager, has introduced a new private credit asset management arm that will focus on mid-market companies.
The new Private Credit Asset Management business will invest in private debt transactions for mid-market companies owned or controlled by private equity sponsors.
The venture will be jointly headed by former Credit Suisse executives Jens Ernberg and Thomas Hall. The pair will be based in New York and will join the firm’s executive committee.
At Credit Suisse, Ernberg and Hall co-founded and managed the mid-market direct lending unit, originating over $2bn of private debt across more than 50 transactions since 2011.
Capital Dynamics CEO Martin Hahn said: “We have been thoughtfully considering an expansion into the private credit market for some time, and we are confident that we now have the right team and strategy in place to take full advantage of the opportunities in this growing market.
“Combining Jens and Thomas’ deep private credit expertise with our global investment platform and rigorous risk management capabilities ideally positions us to deliver superior outcomes to our investors.”
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By GlobalData